by AJN Accountants | Mar 31, 2025 | VAT
For many small business owners, VAT registration is seen as something to avoid until absolutely necessary. However, voluntarily registering for VAT before reaching the £90,000 threshold (from April 2024) can offer several benefits—depending on your business model. In...
by AJN Accountants | Mar 3, 2025 | Tax Planning
From 6 April 2025, the UK will introduce a residence-based system for inheritance tax (IHT), replacing the current domicile-based rules . This change significantly impacts individuals who have been UK residents for an extended period, as well as trusts holding non-UK...
by AJN Accountants | Feb 14, 2025 | Tax Planning
Many more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000. The Budget confirmed that taxpayers with qualifying income of £50,000 or more will be...
by AJN Accountants | Feb 7, 2025 | Pensions
The amount of State Pension you, your family, and your employees will receive in the future is directly linked to the National Insurance Contributions (NICs) made throughout their working lives. The amount of State Pension you, your family, and your employees will...
by AJN Accountants | Jan 20, 2025 | Business
The sunset clause which was set to end the Enterprise Investment Scheme (EIS) and Venture Capital Trust (VCT) scheme on 5 April 2025 has been extended for a further ten years. The schemes, which offer tax relief for individuals investing in qualifying small and...
