Company directors have a legal duty to act responsibly and in the best interests of their business. If a director fails to meet these responsibilities, they can face
If you cannot pay your tax bill, it’s crucial to contact HMRC as soon as possible. They may offer support through a Time to Pay arrangement, allowing you to repay your debt in
The Money Purchase Annual Allowance (MPAA) is a pension rule designed to prevent individuals from gaining double tax relief on pension contributions. It targets situations where
Under the Companies Act 2006, dividends can only be paid from realised profits, never from capital, no matter what a company’s Articles of Association say.
Dividends can only be
If a call from your bank feels suspicious, just hang up and dial 159 to be connected safely to your bank’s fraud team.
The 159 helpline was launched in September 2021. The
Did you know a missing Home Responsibilities Protection (HRP) record could reduce your State Pension, but you may still have time to put it right.
Home Responsibilities Protection
1 September 2025 – Due date for corporation tax due for the year ended 30 November 2024.
19 September 2025 – PAYE and NIC deductions due for month ended 5 September 2025. (If you
The question was raised as to whether, in a tripartite agency relationship, an employment relationship exists between an employee and their intermediary agency. For instance,
A management buyout keeps the business in familiar hands. The team that already understands customers, systems, and culture steps into ownership, which reduces disruption and
Why cash flow matters
Profit is important, but cash pays wages, suppliers and loan repayments. Even strong businesses can struggle if money arrives late. A few disciplined habits
HMRC’s Time to Pay lets eligible taxpayers spread tax bills over time, avoiding immediate enforcement.
If you owe tax to HMRC, you may be able to set up an online ‘Time to Pay’
SMI loans can help pay mortgage interest for those on benefits, but repayment is due when the home is sold.
Support for Mortgage Interest (SMI) is a government-backed loan
Banks must now give 90 days’ notice before closing accounts, giving customers more time to respond.
Since April 2026, new government rules strengthen protections for individuals
Trustees must manage assets, follow tax rules, and register with HMRC where required.
A trust is a legal arrangement in which a trustee, either an individual or a company, is
HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all businesses must retain general records (such as invoices, bank statements, and
Know the rules for contractors & subs under CIS to avoid issues with HMRC.
Under the Construction Industry Scheme (CIS), HMRC applies specific tax rules to contractors and
A recent ruling has provided a timely reminder that substance trumps form in employment status disputes, and the mere insertion of a clause does not automatically change the
With the next UK Budget approaching, there is speculation about changes to tax rates, allowances, and reliefs. Acting now can help secure current benefits before any new rules take