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
Budget 2025: Tax implications for employers and high net worth individuals
The Chancellor’s recent Autumn Budget introduced significant changes affecting business costs and personal tax burdens. Designed to balance fiscal responsibility
The pros and cons of using an accountant to help prepare a will
When considering end-of-life planning, one crucial step is preparing a will. A properly crafted will ensures that your assets are
HMRC’s new requirements for PAYE expense claims
His Majesty’s Revenue and Customs (HMRC) has introduced significant changes to the way PAYE (Pay as You Earn) expense claims