Picking the Right Multiple Without Guesswork
When you value a business, one of the most powerful (and misunderstood) numbers you’ll use is the multiple. Buyers love to talk about “5× EBITDA” or “1× recurring revenue,” but very few stop to ask where that multiple comes from—or whether it’s actually justified. Get it wrong and you overpay, locking yourself into years of […]
How HMRC Is Watching Taxpayers in 2025 — And What It Means for You
The way HMRC checks up on taxpayers has changed dramatically over the past decade. It’s no longer just about the odd brown envelope arriving in the post — technology and data-sharing now give HMRC unprecedented reach. With Chancellor Rachel Reeves pushing HMRC to recover an additional £7.5 billion a year in unpaid tax by 2029, […]
Leasing vs. Buying a Vehicle for Your Limited Company: What’s the Best Option?
Leasing vs. Buying a Vehicle for Your Limited Company: What’s the Best Option? For many limited companies, having a company vehicle is essential—whether for meeting clients, making deliveries, or simply projecting a professional image. However, the decision to lease or buy a vehicle for your business can have significant financial and tax implications. Each option […]
What Is MTD ITSA, and How Will It Affect Self-Employed Individuals?
What Is MTD ITSA, and How Will It Affect Self-Employed Individuals? Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is a major change in the way self-employed individuals and landlords in the UK manage and report their taxes. It’s part of the government’s initiative to modernize the tax system, making it more efficient […]
Stamp Duty Land Tax – why this will increase as house prices rise and what you can do to reduce it
Stamp Duty Land Tax (SDLT) receipts were somewhat skewed in the last year as the SDLT holiday for properties worth up to £500,000 was phased out on June 30, 2021, and the holiday for properties worth between £125,000 and £250,000 ended on September 30. These two deadlines resulted in a flurry of activity as people […]
IHT receipts up by £700m – but why you should see this as a ‘voluntary’ tax
IHT receipts up by £700m Inheritance tax (IHT) is one of the most hated taxes there is, mainly because for many people their estate faces a 40% tax rate which is higher than they would have paid during their lifetime. HMRC’s latest figures reveal there has been a £700m increase in IHT receipts in the […]
Taxpayers get extension to self-assessment filing dates
Millions of taxpayers who are yet to submit their completed Self-Assessment tax return which is due before January 31 are being given a grace period to file until February 28.More than 12.2 million customers are expected to complete a tax return for the 2020/21 tax year according to HMRC, and would usually face a penalty […]
Businesses helped by COVID-19 support could face unexpected tax bills
Businesses and self-assessment taxpayers are being reminded they need to include all grants paid as part of the COVID-19 support payments in their tax returns, as some may think these were non-taxable. Have you set money aside to deal with tax on support grants? HMRC has highlighted that all money paid for test and trace […]
ITSA registration
HMRC have published a call for evidence on the case for reforming the rules for registering for Income Tax Self Assessment (ITSA). The call for evidence is interested in hearing views on whether it would be beneficial to bring forward the deadline by which landlords and the self-employed must register for ITSA. Current rules Currently, […]
Help if you are struggling to pay your tax bill
Financially, 2021 has been a difficult year for many, and you may be struggling to pay your January tax bill in full. Any tax and National Insurance that remains unpaid for 2020/21 must be paid by 31 January 2022, along with the first payment on account for 2021/22. Contact HMRC If you cannot pay your […]