Edward Brainchild Corporation Tax rates unchanged, a 50% first-year allowance, Business Asset Disposal Relief halved to £500,000 and a new £13.21 National Living Wage. The 2026 Budget for owner-managed businesses explained.
Tax on rental profits and savings interest rises to 24%, 44% and 49% from April 2027, and Making Tax Digital reaches landlords with income over £30,000. What the 2026 Budget means and what to do now.
No change to income tax rates, but frozen thresholds, higher tax on savings and property income from April 2027, a £3,000 trading allowance and a new Pension Tax Allowance. What the 28 October 2026 Budget means for you.
The UK tax system can be complex, and for those who have assets or income in multiple jurisdictions, it can be particularly challenging to navigate. However, for those who are considered non-domiciled (non-dom) in the UK, there are several effective arrangements that can help to minimize their UK tax liability. What does it mean to … Read more
Giving gifts to charitable organizations is a wonderful way to support the causes that you care about. Not only does it benefit the organizations, but it can also have tax benefits for you as well. In the UK, there are specific rules regarding tax deductible gifts. In this article, we will explore how to give … Read more
A personal service company (PSC) is a type of business structure that has become increasingly popular in recent years, particularly in the UK. A PSC is essentially a limited company that is owned and operated by an individual who provides services to clients. This structure has a number of benefits, including tax efficiency and liability … Read more
You may already be self-employed, running a small business as a sole trader, or evaluating options for a new business idea you have. Whatever stage you’re at, it is worth considering forming a limited company. This type of business structure has several advantages attached to it – limited liability for company debts being the primary one. … Read more
Shareholders (aka ‘members’) usually pay for their company shares when they are issued or transferred, but some companies allow members to partly pay or pay at a later date. Payment for company shares is in the form of cash, which is paid into the company’s bank account, or in exchange for non-cash consideration, such as … Read more
New Job Support Scheme I hope you are well and keeping safe during this outbreak. As you are aware that JRS (furlough scheme) will be finishing from 31 October 2020 which is why the government has announced numerous schemes to avoid mass redundancies. One of that schemes is Job support scheme (JSS), which is slightly different for a business which … Read more
Coronavirus Job Support Scheme – FAQs for UK employers The government’s new Job Support Scheme replaces the furlough scheme and starts on 1 November 2020. It comprises two wage support schemes – a scheme to support businesses required to close as a result of coronavirus restrictions and a scheme to support businesses that can stay … Read more