Blog - Holeys

06-02-2025

Fur and finance – Tax compliance in animal sales

If breeding and selling animals has turned into a source of income for you, you need to make sure your earnings are declared correctly to HM Revenue

06-02-2025

Are you missing out? The deadline to boost your State Pension is approaching

If you are hoping to maximise your State Pension, you only have two months left to take action before a key deadline on 5 April 2025. After

05-02-2025

Millions miss Self-Assessment deadline – A reminder to prepare for 2026

The 31 January Self-Assessment deadline has come and gone, but for 1.1 million taxpayers who missed the cut-off, the consequences are only just beginning. HM Revenue and

30-01-2025

Is your payroll system prepared for changes in the upcoming tax year?

We are getting ever closer to the 2025/26 tax year, when changes to payroll regulations announced last year will come into effect. Employers need to stay informed

29-01-2025

Do you need to pay tax on your side hustle income?

Side hustles are a great way to boost your income, but they can come with tax obligations. You could sell goods online, rent out property, or offer

23-01-2025

How to minimise Inheritance Tax liability amidst rising tax receipts

Inheritance Tax (IHT) receipts are climbing, with the first three quarters of the 2024/25 financial year bringing in £6.3 billion – an 11 per cent increase compared

22-01-2025

Is your business ready for the April 2026 Making Tax Digital ITSA rollout?

The next phase of the Making Tax Digital (MTD) initiative is edging ever closer. The initiative requires businesses and individuals to maintain digital records and submit tax

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