James Rix

As we approach the festive season, one question we are commonly asked is what the tax implications are to gifts we provide to our staff.

Financial year-end planning is something that is commonly overlooked by companies. It is always advisable to think how you can work on different aspects of the business to help to improve for the future. After all, growth and sustainability are often two of the most important factors for most businesses.

The digital pound would be a new type of money issued by the Bank of England for everyone to use for day-to-day spending

The UK Government have announced that Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) will now be delayed until April 2026.

HM Revenue and Customs on 26 August 2022 has released its first of many anticipated articles of what will be required going forward.

The digital scheme is being expanded to businesses with at least one employee, meaning up to 1.2 million businesses could benefit.

A Limited Company is:

"A private company whose owners are legally responsible for its debts only to the extent of the amount of capital they invested"

In conjunction with Matthew Harrington, financial adviser for Lovewell Blake Financial Planning.

Introduced in the 2018 Budget, the Structure and Buildings Allowance (SBA) enables businesses to reclaim a percentage of their costs on the construction of qualifying new non-residential structures and buildings.