As Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) draws closer, many agents and taxpayers are feeling the pressure. Understanding who needs to comply, when, and how can be a complex and time-consuming task—especially with rules that differ based on income types and thresholds. Thankfully, Croner-i has launched a game-changing tool to

Passing wealth to your children is a goal for many families — and when done right, it can significantly reduce the burden of Inheritance Tax (IHT). But while gifting assets may sound simple, the tax implications can be complex, especially when Capital Gains Tax (CGT) comes into play. Let’s break it down 👇 📆 The

In the UK, holding companies and group structures are powerful tools for entrepreneurs, investors, and business owners looking to scale operations, protect assets, and optimise their tax position. While often associated with large corporations, these structures are increasingly being used by SMEs and high-net-worth individuals to build long-term wealth. What Is a Holding Company? A

Running a limited company brings with it several advantages, such as limited liability and potential tax savings. However, it also comes with complexities and responsibilities that can be challenging to navigate alone. This is where a skilled Ltd company accountant becomes an invaluable asset. Here’s how an accountant can help your business thrive: 1. Tax

While being a sole trader offers many benefits, such as simplicity and control, there are also some notable disadvantages. Here’s a breakdown of the key challenges you may face: 1. Unlimited Liability As a sole trader, you are personally liable for any debts or financial losses incurred by your business. This means your personal assets—such