To support the vibrant sector that is the creative industry, the Government offers an array of tax reliefs and expenditure credits.
Month: December 2024
Don’t let Self-Assessment become the Grinch that steals your Christmas
Christmas. A time of year for tinsel, turkey, tangerines, and… tax returns?
Planning for tax changes to company cars during their lifecycle
As businesses plan their fleet strategies, recent changes announced in the Autumn Budget are set to impact the tax costs associated with company cars.
McGills’s takeaways from the Budget and its update to Business Asset Disposal Relief
The recent Budget has introduced changes to Business Asset Disposal Relief (BADR), a vital tax relief for business owners looking to reduce their Capital Gains Tax (CGT) liabilities when selling part or all of their business.
What does the abolition of the FHL tax regime mean for your BADR eligibility?
With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are facing changes to how their properties are taxed.
Understanding company van expenses for sole traders
If you are a sole trader, you must consider the tax implications of owning a van for business use. For sole traders, a van is often an indispensable tool of the trade.
Are you prepared to spot scams this Self-Assessment season?
We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are being urged to stay vigilant against a surge in tax-related scams.
Moving your business from the startup to scale-up
Congratulations on steering your startup through the challenging early stages! Read More
Government boost for SMEs ahead of Small Business Saturday
Small Business Saturday takes place this week, and this year it comes with exciting news for small business owners. Read More
What Christmas perks can your employer offer tax-free?
With Christmas just around the corner, it is time to embrace the festive season, but as a business, you will want to do so without falling foul of tax rules. Read More