Latest Blogs

Our useful and practical blogs are packed with advice and tips to help you manage your business and finances. Read our latest additions below.

Request a quote

For a free initial meeting to discuss how we can help you contact us online or call us on T: 023 9248 4356T: 023 9248 4356

03/11/2025

Should you withdraw your pension to save IHT?

Legislation has been published in draft for inclusion in the Finance Bill which will bring unused pension pots within the charge to inheritance tax from 6 April 2027. In light of this change, pension savers may be considering withdrawing pension funds to prevent such a charge. Is this a good idea?

03/11/2025

What counts as a ‘reasonable excuse’?

A taxpayer may have grounds for appealing a penalty if they have a reasonable excuse for missing a filing or payment deadline. However, it is important to realise that the appeal will only succeed if HMRC accept that the excuse is indeed reasonable. In this regard, the bar is set high.

03/11/2025

Do you have an unclaimed Child Trust Fund?

A press release recently published by HMRC revealed that 758,000 young people between the ages of 18 and 23 have a Child Trust Fund which has matured but which they have not claimed. The average Child Trust Fund account is worth £2,242.

03/11/2025

Tax relief for costs of updating a property prior to letting

When a landlord buys a new property to let out, they may need to undertake some work prior to the first let, particularly if the property is tired or in need of updating. The extent to which relief will be available for the costs of updating the property will depend on the nature of those costs.

01/10/2025

Effective date of VAT registration

Find out why it is important to choose the date of registration carefully when registering for VAT voluntarily.

01/10/2025

Registering for Self Assessment

If you are new to Self Assessment and need to submit a tax return for 2024/25, you will need to register for Self Assessment before 5 October.

01/10/2025

Tax treatment of rental deposits

It is important that landlords understand how deposits should be treated for tax purposes.

02/09/2025

IHT charge on unused pension benefits

From 6 April 2027, inheritance tax will be payable where someone’s estate at death includes unused pension funds or death benefits.