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Employed? What the forthcoming National Insurance increases will mean for you
To help meet the costs of health and adult social care, a new levy, the Health and Social Care Levy, is introduced from 6 April 2023.
How do residential landlords get tax relief on finance costs?
From April 2017, the legislation changed in how landlords receive tax relief on finance costs including mortgage interest. The legislation has been gradually implemented over a 4-year period from 2017-18 tax year to 2020-21.
High value residential property let by a company – does the ATED apply?
The Annual Tax on Enveloped Dwellings (ATED) is a tax on high-value residential properties that are held within ‘an envelope’, such as company or a partnership with at least one corporate partner.
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Making Tax Digital for Income Tax (MTD IT): What It Means for You
If you’re self-employed or a landlord, big changes are on the horizon. From April 2026, HMRC is rolling out Making Tax Digital for Income Tax (MTD IT) – and it’s going to affect the way you report your income. This isn’t just another bit of red tape. It’s a whole new way of managing your […]
Employer’s National Insurance Changes from 2025/26: What You Need to Know
From April 2025, there will be significant changes to Class 1 (Secondary) Employer’s National Insurance Contributions (NICs): • The Employer’s NIC rate will increase from 13.8% to 15%. • The Employer NIC threshold (the salary above which Employer’s NIC is payable) will drop from £9,100 to £5,000 per year. Employment Allowance Employment Allowance (EA) increases […]
The Power of SSAS Pensions for Small Business Owners
In the intricate world of retirement planning, one size certainly does not fit all. As a small business owner or a director of a family-run enterprise, your financial future deserves a pension scheme tailored to your unique needs and ambitions. Keep reading to learn about the Small Self-Administered Scheme, or SSAS, a pension scheme that […]