Blog - Holeys

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

24-01-2024

Warning to all taxpayers – Pay your taxes on time amidst rising interest rates

As the deadline for paying any tax approaches, it is crucial you make your payments accurately and on time before it is too late. If you do

19-01-2024

So, you want an electric company car? The tax perspective

Environmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice for company cars as a result. This

18-01-2024

Here’s how you can boost your SME’s efficiency and beat rising costs in 2024

If you’re concerned about how rising costs will impact your SME, you’re not alone. With over 58 per cent of SMEs worried about rising costs, driven by

11-01-2024

Working remotely – What are the tax implications?

Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023. As an employer, you need to

10-01-2024

Allowable business expenses – simple ways to save money

As a business owner, you are probably aware of some of the expenses that you could claim back on in your yearly Self-Assessment tax return. However, many