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Post-cessation expenses – When and how are they allowable?
Sometimes a business may have ceased trading but then receives income that has not been included in the final cessation accounts, e.g.
 • 
Asif Patel
HMRC's increased powers for spotting 'invisible income'
HMRC can enquire into any tax return and request information to establish whether that return is correct.
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Asif Patel
Partnerships – The tax implications of the death of a partner
Partnerships are the only business entities that can be formed by oral agreement, created automatically when two or more persons engage in a business…
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Asif Patel

April 2025

Taxation of company cars in 2025/26 and beyond
Employees with a company car available for their private use pay tax on the benefit.
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Asif Patel
Official rate of interest
The official rate of interest is a rate set by HMRC which is used to calculate the benefit in kind tax charge on cheap employment-related loans, and…
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Asif Patel
Reporting 2024/25 taxable expenses and benefits
If as an employer you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet your…
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Asif Patel
Pension savings in 2025/26
Putting money into a registered pension scheme can be tax efficient.
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Asif Patel
National Insurance changes from April 2025
Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025.
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Asif Patel

March 2025

Tax implications where an employer provides a van to an employee
Benefits in kind (BIK) are goods and services provided to an employee (or a member of their family or household) for free or at significantly reduced…
 • 
Asif Patel
Tax planning for trading losses
A sole trader or partnership business may make a loss for several reasons – not necessarily because it is not doing well.
 • 
Asif Patel
A repair or an improvement and why it matters
As a landlord, periodically you will need to undertake work on your property.
 • 
Asif Patel
Be aware of VAT bad debt relief
Despite the improving economy, bad debts are still a fact of life for many businesses.
 • 
Asif Patel
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