News – Tide Accounting

HMRC time to pay arrangements

If you're facing financial difficulties and owe tax, HMRC’s Time to Pay service may offer [...]

Business Asset Disposal Relief rates from April 2025

Business Asset Disposal Relief (BADR) provides a reduced Capital Gains Tax (CGT) rate on the [...]

Verifying identity at Companies House – From April 2025

New rules under the Economic Crime and Corporate Transparency Act mean identity checks will soon [...]

R & D clearance consultation

Following the Spring Statement, HMRC is inviting feedback on the idea of expanding the use [...]

Registering informal money transfer businesses

HMRC has launched a campaign targeting informal money transfer networks like Hawala, aiming to combat [...]

HMRC interest rate increases

HMRC has announced that interest rates for late payments will increase by 1.5% for all [...]

Pubs and premises insurance

In March 2025, the Pubs Code Adjudicator (PCA) wrote to all pub-owning businesses to reinforce [...]

Recycling changes

As of 31 March 2025, new regulations have come into effect in England, requiring workplaces [...]

CGT holding over gains if you gift business assets

Gift Hold-Over Relief lets you defer Capital Gains Tax when giving away business assets or [...]

Time off for jury service

If your employee is called for jury service, you must allow them time off—but you're [...]

LLP salaried members

Not all LLP members are taxed as partners. HMRC may treat them as employees if [...]

Making Tax Digital for Income Tax

Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from [...]

Beneficial interests in jointly held property

Couples who jointly own rental property are usually taxed 50:50, even if they own different [...]

Applying for student loans

Student Loans help cover the cost of university or college in the UK. Whether you're [...]

How to Approach Your Bank for a Business Loan

Asking your bank for a business loan can feel daunting, but it doesn’t have to [...]

How Small Businesses Can Survive a Recession

Recessions can be tough on small businesses, but they do not have to spell disaster. [...]

Claiming professional fees and subscriptions

Did you know you may be eligible for tax relief on professional fees and subscriptions? [...]

Rental business mortgage relief

Since April 2020, landlords can no longer deduct mortgage interest as an expense. Instead, tax [...]

VAT if you sell your business

When selling a business, the Transfer of a Business as a Going Concern (TOGC) rules [...]

Records you must keep if self-employed

If you are self-employed as a sole trader or a partner in a business partnership, [...]

Requesting evidence of earnings

If you're self-employed, lenders may require an SA302 and tax year overview as proof of [...]

Why Adequate Business Insurance is Essential for Small Businesses

For small business owners, especially those operating as sole traders or in partnerships without limited [...]

Business Advice: An Investment, Not a Cost

Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. [...]

Group relief for trading losses

Group relief helps reduce the overall Corporation Tax of a group of companies by allowing [...]

Tax and Maintenance Payments

Maintenance Payments Relief reduces Income Tax for those making court-ordered payments to an ex-spouse or [...]

How VAT Payments on Account Work

Businesses owing over £2.3 million in VAT annually must make advance payments on account. These [...]

Government backed Start-Up Loans

The Government-backed Start-Up Loans scheme offers unsecured loans of £500 to £25,000 per person (up [...]

Changes to online filing of accounts at Companies House

The Online Accounts and Company Tax Return (CATO) service is scheduled to close on 31 [...]

Why flexible planning is advisable

Flexible planning is essential for adapting to uncertainty, responding to challenges, and seizing new opportunities. [...]

Tax Diary April/May 2025

1 April 2025 - Due date for corporation tax due for the year ended 30 [...]

What is a salary sacrifice?

A salary sacrifice scheme lets employees swap cash salary for non-cash benefits, saving tax and [...]

VAT and the goods you use in your own business

Using business goods instead of selling them is usually VAT-free, but some cases require VAT [...]

Inheriting spouse’s State Pension

If your spouse or civil partner has passed away, you may inherit part of their [...]

Letting out part of your home – claiming lettings relief

Renting out part of your home may affect Capital Gains Tax when you sell. While [...]

More tax on business disposals from April 25

From April 2025, the Capital Gains Tax rate on Business Asset Disposal Relief rises from [...]

Making a negligible value claim with HMRC

A negligible value claim lets taxpayers declare an asset worthless for tax purposes, realising a [...]

Essential Credit Control for SMEs

A well-structured credit control system is crucial for small businesses to maintain cash flow and [...]

Sources of funding for small businesses

Starting or growing a small business often requires capital, but securing the right funding can [...]

Tax relief for structures and buildings expenditure

Maximise your tax relief with the Structures and Buildings Allowances (SBA). If you have invested [...]

Treatment of post-cessation receipts and payments

When a trade ends, income doesn’t always stop. Post-cessation receipts can still arise, and knowing [...]