Property owners warned of ‘seismic’ tax change

Owners of second homes or buy-to-let properties are being warned to brace themselves for a "seismic shift" in how capital gains tax is paid. New rules are set to kick in for people who exceed the capital gains tax-free threshold by selling residential properties from...

US trade will be vital for smaller exporters

Small businesses that hope to export goods or services over the next three years should prioritise trading with the US, a report has claimed. With the UK set to leave the EU on 31 January 2020, the US was identified as the best individual market to trade with,...

Self-employed population passes five million

The number of self-employed workers in the UK is estimated to have passed the five-million milestone, official statistics show. The Office for National Statistics' first labour market survey of the new decade showed the figure increased from 4.96m in December 2019....

Last call to submit tax returns for 2018/19

We may only be a few weeks into 2020, but that didn't stop HMRC from releasing a cringeworthy press release urging taxpayers to "get quacking". That dreadful pun serves as a reminder that the deadline for submitting tax returns relating to 2018/19 is at midnight on 31...

Choosing a business structure

When you’re starting a business, one of the first questions to consider is which type of legal entity to use. Will you set up as a sole trader, a limited company, a partnership, or something else altogether? There’s no right or wrong answer to this. The best way to...