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Is your spouse paying more tax than necessary?

Is your spouse paying more tax than necessary?

by | Jul 16, 2026 | Uncategorized

Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each person has their own annual tax position. However, with careful planning, transferring assets between spouses or civil partners can sometimes help reduce their overall...
When does a hobby become a taxable business?

When does a hobby become a taxable business?

by | Jul 16, 2026 | Uncategorized

Not every hobby becomes a taxable business, but it is important to be aware when this can happen. This can apply even if you are making some money from your hobby. HMRC looks at a range of factors to decide whether an activity is a genuine trade, including whether...
Are you maximising tax relief on company losses?

Are you maximising tax relief on company losses?

by | Jul 16, 2026 | Uncategorized

If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability. Trading losses can often be used in different ways, depending on your company’s circumstances. A company may be able to use a trading loss against...
Do you know who must register for VAT?

Do you know who must register for VAT?

by | Jul 16, 2026 | Uncategorized

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in certain circumstances. The VAT registration threshold is currently £90,000. The threshold applies to the value of...
Five ways AI can save you hours every week

Five ways AI can save you hours every week

by | Jul 13, 2026 | Uncategorized

Artificial intelligence (AI) is no longer just for large organisations. Many small businesses are now using affordable AI tools to reduce administration, improve customer service and free up valuable time to focus on growing their business. The key is to use AI as a...