Blog - Holeys

01-04-2025

Why capital allowances should be top of your to-do list this April

The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across the country. These changes will have business

01-04-2025

Change to dividend reporting to affect thousands of owner-managed businesses

From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect an estimated

27-03-2025

Important updates to Making Tax Digital and late payment rates you might have missed in the Spring Statement

This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property. Firstly, there will be tougher penalties

26-03-2025

Time is running out to make personal pension contributions for the 2024/25 tax year

The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is important to plan ahead to avoid missing

20-03-2025

Capital Gains Tax clampdown – What HMRC’s surge in investigations means for you

HM Revenue & Customs (HMRC) has intensified its efforts to track down unpaid Capital Gains Tax (CGT), with recent figures showing an increase in compliance activity. The

19-03-2025

What are the Inheritance Tax benefits of writing a life insurance policy in trust?

Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations. These concerns have been amplified by the announcements in the Autumn

13-03-2025

Welcome news for thousands as Income Tax reporting threshold set to increase

In a move to simplify tax compliance and boost the economy, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will rise from £1,000

12-03-2025

The tax traps of director’s loans – How to avoid unnecessary charges

Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to unexpected tax liabilities. With HM Revenue &

06-03-2025

Could a Family Investment Company help you manage tax and protect wealth?

For individuals and business owners looking to preserve wealth for future generations while maintaining control over their assets, Family Investment Companies (FICs) are an alternative option to

05-03-2025

Upcoming Inheritance Tax changes that could affect you

Upcoming changes to Inheritance Tax (IHT) will be phased in over the next two years. With property values rising and the IHT nil-rate thresholds remaining frozen until

05-03-2025

Planning your exit? Watch out for the BADR changes

If you are thinking about selling your business, timing could be everything. Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, helps business owners reduce their

05-03-2025

Paying your employees will cost you more after 6 April

From 6 April 2025, changes to employer National Insurance Contributions (NICs) will take effect, increasing payroll costs for many businesses. If you employ staff, it is advisable