Diving into self-employment and starting your own business is by no means an easy feat. With that being said, however, it does come with many benefits!  If, like many aspiring business owners, you are motivated by being your own boss but are being held back by the “where do I start?” fears, this mini-guide is for you ..read more

HMRC are sending one-to-many ‘nudge’ letters to taxpayers who included an invalid claim for gift hold-over relief in their 2021/22 tax return. This may be because a separate claim form was not included with the return, or the claim form was included but not signed ..read more

With the closure of the 2023 tax year approaching on April 5, 2024, there remains an opportunity to assess your tax strategies and capitalise on current year-end possibilities. Inform Accounting's Year End Planning Guide offers counsel and tactics to ready yourself for the financial year's end, maximising available tax allowances and reliefs ..read more

Voluntary disclosure involves individuals or businesses coming forward to inform HMRC of any errors or omissions in their tax returns, unpaid taxes or any other irregularities, before HMRC discovers them through its own investigations ..read more

Earlier this year, HMRC sent ‘nudge’ letters to social influencers who they suspect may not have declared the tax that they owe. They have also cracked down on gifts provided to influencers in return for promoting brands ..read more

Owners of personal and family companies frequently pay themselves a small salary and extract further profits as dividends. To utilise the unused personal and dividend allowances of other family members, an alphabet share structure (whereby each shareholder has their own class of shares, e.g. A ordinary shares, B ordinary shares, etc.) provides the flexibility to tailor dividend payments to the circumstances of the shareholder ..read more

What do you really want from the New Year? As the calendar turns to 2024, we are all contemplating our goals and aspirations for the year ..read more

The end of a business will not necessarily mean that no further expenses are incurred. Where expenses are incurred after the business has ceased, tax relief may be available ..read more

Are you gearing up to bring new talent on board? Don't let the complexity of budgeting for new hires overwhelm you. We've got your back with a straightforward guide to crafting a recruitment budget that makes sense ..read more

Main residence relief is a valuable relief which prevents a tax charge arising where a gain is realised on the disposal of a property which is your only or main residence. Where a property has been an only or main residence for some but not all of the period of ownership, the gain is sheltered to the extent that it is occupied as an only or main residence or a period of absence was a permitted period of absence. The final nine months are also protected ..read more