by AJN Accountants | Oct 6, 2025 | Financial Planning
When a company sells shares in another business, there’s normally corporation tax to pay on any profit. But under certain rules, called the Substantial Shareholdings Exemption (SSE), that tax bill can be reduced to zero. This exemption is designed to make it easier...
by AJN Accountants | Dec 4, 2023 | Accounting, Advice, Financial Planning, News, Small Businesses, Tax Planning
Cash basis to replace accruals for the self-employed as standard tax reporting method for 2024-25 (first year of tax year accounting). From April 2024, as part of a move to simplify calculation of taxable profits for Making Tax Digital, all self-employed taxpayers and...
by AJN Accountants | Jul 25, 2023 | Accounting, Advice, FAQs, Financial Planning, Pensions, Property, Tax Planning
Student loan repayments (SLR) are normally deducted under PAYE from employment income so many people incorrectly assume that SLR are not due on other ‘unearned income’ such as rent or pensions. SLR will in fact be payable where the unearned...
by AJN Accountants | May 26, 2023 | Advice, FAQs, Financial Planning
The changes to the pension rules announced in the Spring Budget were designed to dissuade higher earners from retiring early to avoid pension charges on high contributions but the new rules could have the opposite effect. Individuals can now contribute up to £60,000...
by AJN Accountants | May 12, 2023 | Accounting, Advice, Financial Planning, Tax Planning
It is easy to forget the hidden tax rises which are created by frozen and cut allowances, so here is a quick reminder. The tax-free personal allowance will be frozen at £12,570 for six years from 2021-22 to 2027-28 and the related marriage allowance is fixed at £1,260...
by AJN Accountants | Apr 24, 2023 | Accounting, Advice, Financial Planning, News, Tax Planning
The Chancellor announced the extension of free childcare places to children under three years old in England to match the 15 or 30 hours of free childcare currently provided to three and four year olds in term time. The extra funding will only apply in England and...
