Accountancy Enterprise News
Don’t forget to pay your Class 1A NIC
Employers must act now to meet the deadline for paying Class 1A NICs for 2024-25 to avoid HMRC penalties. These contributions are due by 19 July 2025 if paying by post, or by 22
Read MoreFile and paying CGT after property sales
Capital Gains Tax on certain residential property sales must be reported and paid within 60 days to avoid penalties and interest.
The annual exempt amount applicable to Capital
Read MoreStruggling to fund your July tax payment?
The second 2024-25 payment on account for self-assessment taxpayers is due on 31 July 2025. If you are finding it difficult to meet this tax bill, there are options available to
Read MoreGoodbye remittance basis hello FIG
Since 6 April 2025, the remittance basis of taxation for non-UK domiciled individuals (non-doms) has been replaced by the Foreign Income and Gains (FIG) regime. This shift marks a
Read MoreThe impact of frozen personal allowances
The impact of frozen personal allowances often leads to fiscal drag, a situation where individuals pay more tax as their earnings rise without a corresponding increase in
Read MoreThe Employment Allowance – what you can claim
As of April 2025, more employers can claim the increased £10,500 Employment Allowance thanks to relaxed eligibility rules. This increase will help employers reduce some of the
Read MoreBeing paid directly is not a confirmation that you are an employee
A Tribunal has provided a landmark ruling over employer-employee status in the context of direct payments made under the Care Act 2014, ruling that an LA was not in fact the direct
Read MoreTax Diary August/September 2025
1 August 2025 – Due date for corporation tax due for the year ended 31 October 2024.
19 August 2025 – PAYE and NIC deductions due for month ended 5 August 2025 (If you pay your
Read MoreWhy exit planning matters – even in the early years of your business
Starting and growing a business is an exciting and demanding challenge. It is easy to focus all your energy on immediate goals like winning customers, generating income, and
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