Every business owner has a real-life number. It is everything behind the scenes, that you are working towards in your real life, things like your next house, next big investment, or your pension pot. This real-life number can and should be linked with everything that the business is working towards. It is the key to achieving the life you really want, both now and in the future.

You might think gifting your family home to a family member before your death helps them avoid paying inheritance tax, but there are pitfalls some of which we explore in this article. #inheritancetax #propertytax

The HICBC claims back payments of child benefits where the recipient or their partner has income of at least £50,000 per year. Learn here who is affected and the most effective way to deal with the charge. #childbenefit #taxtips

The VAT flat rate scheme can save work, but may cost you money. Read this article to find out why. #VAT #flatratescheme #limitedcostbusiness

Read this article to find out about the rate of section 455 tax on outstanding director’s loans. #directorsloans #section455tax

Read this article to find out what expenses you can deduct in computing your taxable profit. #deductibleexpenses #allowableexpenses

Read this article to find out what capital allowances are available for expenditure on business cars. #businesscars #capitalallowances #fya

Read this article to find out how to benefit from the property allowance to earn tax-free income from renting your drive. #propertyallowance

Can you claim tax relief for any work you do on your empty rental property? In this article we provide answers. #landlord #propertytax

Private residence relief shelters any gain on the sale of your home from CGT. This article explains when the relief applies. #ppr #pprrelief

Read this article to find out when you need to report residential capital gains and pay the associated tax #60daylimit #cgt #residentialgains

Find out how to secure tax relief for bad debts by reading this article #baddebt #doubtfuldebt #cashbasis #accrualsbasis

From 1 April 2023, the rules are changing such that the rate of corporation tax that a company pays, and when, will be dependent on the level of its profits as well as the number of its associated companies.

Find out about the differences in the way traditional residential lets and holiday lets are taxed. #FHL #propertytax

Chancellor Hunt billed his Budget as a Budget for growth with emphasis on fixing problems in the labour market alongside improving business investment and innovation

For the former he has addressed barriers to staying in work experienced by high earners with large pension pots, and provided some help to parents who are looking for affordable childcare.

Under the investment heading he announced incentives for investment in 12 new investment zones, and a ‘fully expensed‘ system of obtaining tax relief for plant and machinery.

The chancellor also confirmed that the energy price guarantee for domestic consumers would remain in place for another three months keeping the annual bill for an average household at £2,500 for the year.

Approved mileage allowances can be paid tax free. This article explains the action you can take if they do not cover actual costs. #AMAP

Read this article to find out what you can do is a notice to strike off your company is published in the Gazette #involuntarystrikeoff

Read this article to find out whether a letting agent needs to charge VAT on costs passed on to landlords. #disbursements #recharges #VAT

Read this article to find out how to transfer assets between spouses for CGT purposes at neither a gain nor a loss #nogainnoloss

HMRC is introducing new penalties for VAT returns that are submitted late. These replace the old default surcharge system. The penalties apply to all returns, even if it is a nil return or a return that claims a repayment from HMRC. This new regime will affect all VAT periods starting on or after 1 January 2023.