Starting your own business can be an exciting yet daunting venture. Whether you’ve spotted a gap in the market, want
Consequences of missing the 31st January Tax Returns and Payments deadline
As the 31st January 2025 Self Assessment Tax Return deadline approaches, it is vital for taxpayers in the UK to
Keeping control of cashflow: why it matters and the risks of losing control
Effective cashflow management is the lifeblood of any business, ensuring that day-to-day operations run smoothly and future plans can be
Consequences of Missing the Deadline for Self-Assessment Tax Returns
The 31st January deadline for submitting Self-Assessment tax returns is a critical date for millions of taxpayers in the UK.
Understanding the New Inheritance Tax Rules for Pensions
The UK Government has announced that from April 2027, pensions will no longer be exempt from Inheritance Tax (IHT). This
Using trusts to safeguard family wealth amid tightening Inheritance Tax rules
As Inheritance Tax (IHT) rules face potential tightening, many families are revisiting their financial strategies to preserve wealth for future
The Pros and Cons of Setting Up a Family Business
Starting a family business can be an enticing prospect. The idea of combining entrepreneurial goals with close-knit relationships often carries
The Tax Benefits of Holding Companies: A Strategic Guide for UK Businesses
In the quest for maximising tax efficiency, many business owners explore different corporate structures. Among these, the holding company model
The benefits of Making Tax Digital for companies
The UK government’s Making Tax Digital (MTD) initiative has revolutionised the way businesses manage and report their tax affairs. Introduced
Making Tax Digital and how CMA Accountancy can help
In recent years, the UK Government has been ramping up efforts to modernise the tax system through its Making Tax