Basis period reform – spreading rules for payment
If your business has transitional profits from basis period reform, spreading over five years may reduce the cash flow impact, but it is important to understand the deadlines.
The
Struggling to meet tax payments this month?
With the balancing payment and first payment on account both due on 31 January 2026, it is worth checking your options early if funds are tight.
The final balancing payment for
Selling a second property?
CGT on certain UK residential property sales often has a strict 60-day reporting and payment deadline, so early planning can avoid penalties.
If you are selling a second property,
Saving tax using the Marriage Allowance
If one partner earns under £12,570, you could transfer part of their unused personal allowance and cut your tax bill by up to £252 a year.
The Marriage Allowance applies to
Annual payroll reporting chores
There are a number of annual payroll reporting issues that employers are required to complete. With the tax year ending on 5 April 2026, this means there are several key payroll
Corporation Tax 19% or 25%?
If your company profits sit between £50,000 and £250,000, marginal relief can soften the jump from 19% to 25% Corporation Tax.
The Corporation Tax main rate applies to companies
Spring Statement 2026
The Chancellor, Rachel Reeves has confirmed that she will deliver the Spring Statement to the House of Commons on Tuesday, 3 March 2026.
The Spring Statement is used to give an
Take care when labelling a bonus as discretionary in a contract
The High Court recently ruled on the interpretation and enforceability of "discretionary" bonus provisions in employment contracts. Mr. Gagliardi brought a breach of employment
What banks look at when a small business applies for a loan
When a small business applies for a bank loan, the bank is mainly trying to answer one question, “How likely is it that we will be repaid, on time and in full?” To
What factors affect a person’s credit rating?
A person’s credit rating (often referred to as a credit score) is a measure used by lenders to assess how reliably someone manages borrowing and financial commitments. It can
Tax Diary February/March 2026
1 February 2026 - Due date for Corporation Tax payable for the year ended 30 April 2025.19 February 2026 - PAYE and NIC deductions due for month ended 5 February 2026. (If you pay
MTD for Income Tax – what’s required from April 2026
From April 2026, Making Tax Digital for Income Tax (MTD for IT) will become mandatory for many self-employed persons and landlords, marking a significant change in how they manage