Blog - Holeys

29-02-2024

Companies House is changing – are you prepared?

New rules are coming into effect on 4 March 2024 which could impact your business if you are registered in the UK and need to file with

22-02-2024

Can I claim Employment Allowance for my business?

The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow

21-02-2024

HMRC U-turns on its double cab pickups tax decision

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars

21-02-2024

Higher rate taxpayer? How to prepare for the end of the tax year

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible. For higher rate

15-02-2024

Loophole closed: Pickups are now classed as cars (NOT vans)

A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be

14-02-2024

Five Self-Assessment deductions you didn’t know you could claim

With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential.

08-02-2024

Understanding payroll responsibilities for apprentice wages

Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes. If your organisation

07-02-2024

Making Tax Digital – Your questions, answered

Making Tax Digital (MTD) is designed to simplify the tax process for business owners. Part of HM Revenue & Customs' (HMRC) aim of modernising tax payments, MTD

01-02-2024

Government to change tax law twice before election – How to prepare

The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected

31-01-2024

Attention UK Taxpayers – do you understand the 500T tax code?

The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information. They use this code to assign a standard

25-01-2024

New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs

From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll

25-01-2024

New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs

From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll