Understanding the New Tax Changes for Pick-Up Trucks Effective April 2025

As of April 2025, significant changes have been implemented in the taxation of double-cab pick-up trucks. These changes are crucial for businesses and individuals who rely on these vehicles for both commercial and personal use. What's Changing? Previously,…

Tax Planning Dividend Strategies

Tax planning points to consider before 6 April 2025. As the end of the tax year approaches, small company directors and shareholders should take proactive steps to minimise their tax liabilities on dividend payments. Careful planning is essential…

Celebrating 20 Years of Excellence: An Accounting Gem Ltd's Journey and Vision

An Accounting Gem Ltd is thrilled to celebrate its 20th anniversary, marking two decades of dedicated service and growth. From its humble beginnings as Gem Bookkeeping, founded by Eunice and her son Jeremy, the firm has evolved into a fully-fledged…

NIC increases from April 2025

Strategies to consider before 6 April 2025 The Autumn Budget 2024 introduced significant updates to employer National Insurance contributions (NICs) and the Employment Allowance, effective from 6 April 2025. In this short alert we have…

VAT – register or de-register?

When will you need to register for VAT or consider de-registration. As a trader, navigating VAT obligations can be a challenge, particularly when understanding when to register or de-register. Keeping an eye on specific goalposts is essential…

Need time to pay your January 25 tax bill?

Applying for HMRC Time to Pay arrangement Options for Self-Assessment Taxpayers Struggling with Payments Due 31 January 2025 If you’re a self-assessment taxpayer and concerned about finding the funds to pay your tax bill due by 31 January…

Tax-free vehicle fuel and running cost reimbursements

HMRC has updated the Advisory Fuel Rates (AFRs) for company cars, effective from 1 December 2024. These rates are reviewed quarterly—in March, June, September and December—to reflect current fuel prices and vehicle efficiencies. The latest…

Payroll reporting December 24. Are you paying staff early this month?

As the festive season approaches, many businesses consider adjusting payroll schedules to accommodate holiday closures or to provide employees with early payments. While this gesture is thoughtful, it's crucial to adhere to HM Revenue and Customs…

Tax-free Christmas celebration

As the festive season approaches, many employers look to host Christmas parties to show appreciation for their staff. In the UK, there are specific tax exemptions that allow businesses to provide annual social events, like Christmas parties…

Tax deadlines December 2024

As we approach December, it's crucial to be aware of the upcoming tax filing and payment deadlines to ensure compliance and avoid potential penalties. Here's a detailed overview of the key dates and obligations for December 2024: VAT Returns…
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