Family Investment Companies
In simple terms, an FIC is a limited company created to manage broad family assets tax- efficiently.
HMRC’s Legacy Systems
Imagine filing your tax return correctly, only to receive a surprise bill months later due to a system error.
Company Size Thresholds
Starting April 2025, company size classifications are changing - and for many businesses, this means fewer compliance burdens, reduced costs, and new strategic opportunities. But are you prepared?
Agricultural and Business Property Reliefs
It's safe to say that announcements in the October budget are significantly impacting estate planning.
Companies House: New ID verification rules
Companies House recently released draft ID verification rules to clamp down on fraudulent activity as part of a broader programme.
Shift to Cash Basis Accounting
At the start of the 2024/25 tax year, HMRC switched the default tax return for the self-employed, sole traders, and some partnerships from an accrual basis to a cash basis.
Is AI recruitment at HMRC the way forward
In recent months, there has been significant focus on an AI-driven recruitment process with no human interaction.
The HMRC Call Waiting Crisis
When did you last speak to an HMRC adviser? The latest HMRC service figures from the 2022/23 tax year demonstrate a worsening situation, with callers spending 7 million hours on hold that year.
HMRC Targeting Fraudulent COVID Financial Support
The outbreak of the COVID pandemic threw the world into chaos, with individuals, businesses, and entire economies teetering on the brink of collapse.