Many business owners and individuals only think about tax when a deadline approaches or a tax bill arrives. While this is understandable, leaving tax planning until the last minute often limits the options available and can result in higher overall costs.Tax planning is most effective when it is forward-looking. Decisions made earlier in the year…
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Reviewing pension contributions before 5 April
For many people, pensions are seen as something to think about later in life rather than as part of annual tax planning. In reality, reviewing pension contributions before the end of the tax year on 5 April can be one of the most effective ways to reduce a current tax bill while also strengthening long-term…
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Are you ready for Making Tax Digital for Income Tax?
Are you ready for Making Tax Digital for Income Tax (MTD for IT)? This new way of reporting will become mandatory in phases from April 2026. If you are self-employed or a landlord earning over £50,000, now is the time to prepare for digital record keeping, quarterly updates and the new penalty system that will…
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Construction Industry Scheme – tackling fraud
Tackling fraud in the Construction Industry Scheme (CIS) was one of the measures addressed in the recent Budget. The changes are intended to allow faster intervention where fraud is suspected, while also simplifying certain administrative aspects of the CIS.From 6 April 2026, HMRC will be able to act immediately where a business makes or receives…
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