Blog - Holeys

16-01-2025

How tax wrappers can mitigate the impact of rising Capital Gains Tax

The Autumn Budget brought unwelcome news for investors, with the Government announcing immediate increases to Capital Gains Tax (CGT) rates. As of 30 October 2024, the rates

08-01-2025

Double cab pickups – How long will they be taxed as vans and when will they switch to car tax...

For years, double cab pickups have benefited from being classified as goods vehicles for tax purposes, allowing businesses to enjoy lower benefit-in-kind (BIK) rates. However, from 6

02-01-2025

Directors’ loan accounts: How Section 455 impacts you

Directors’ loan accounts (DLAs) are a common financial tool for owner-managed businesses. However, mismanaging them can lead to significant tax implications under Section 455 of the Corporation

20-12-2024

What tax reliefs can businesses in the creative industry claim?

To support the vibrant sector that is the creative industry, the Government offers an array of tax reliefs and expenditure credits. If you are a company in

19-12-2024

Don’t let Self-Assessment become the Grinch that steals your Christmas

Christmas. A time of year for tinsel, turkey, tangerines, and… tax returns? One of these items is about as festive as finding a lump of coal in

13-12-2024

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

11-12-2024

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

04-12-2024

Moving your business from the startup to scale-up

Congratulations on steering your startup through the challenging early stages! You have tackled the steep learning curve of entrepreneurship, and now your business is ready to grow.

04-12-2024

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. The Government has announced a new package of

28-11-2024

How the latest HMRC advisory fuel rates impact your business travel costs

The HM Revenue & Customs (HMRC) advisory fuel rates, updated quarterly, play an important role in how businesses manage employee reimbursements for company car travel. With the

27-11-2024

How to stay secure ahead of the Self-Assessment deadline

As the 31 January Self-Assessment tax return deadline approaches, HM Revenue and Customs (HMRC) has issued a stark warning about an increase in scams. Fraudsters are targeting

21-11-2024

Succession or sale? The case for selling your business before the 2026 Inheritance Tax changes

The Autumn Budget brought clarity to many areas of tax planning, but for family-run businesses, one announcement could prove particularly challenging. From April 2026, businesses worth over