News - 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

07-01-2025

Is 2025 your year to incorporate? Here are our top tips

Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies. The advantages

07-01-2025

What are the risks with directors’ loans?

A director's loan is money taken out of a company by a director that is not a salary, dividend, expense reimbursement or money that has previously been

07-01-2025

Sole traders – Is there a benefit to van ownership?

As a sole trader, it is only natural to look for opportunities to save money and maximise your earnings. One effective strategy is to consider buying a

07-01-2025

Become an eco-conscious business – Taking advantage of Climate Change Agreements

Taking advantage of green tax reliefs is a good way to reduce how much Climate Change Levy tax (CCL) your business pays. To get these reliefs, your

07-01-2025

Confusion on savings interest – HMRC weighs in

HM Revenue & Customs (HMRC) has clarified that if your earnings from interest exceed £10,000, tax may apply depending on the account type. This clarification came when

07-01-2025

HMRC’s bookkeeping shake-up: New rules for 2025 and beyond!

As the 2025/26 tax year approaches, it brings several significant changes to HM Revenue & Customs’ (HMRC’s) rules that will impact your business operations, financial reporting, and

05-12-2024

Employee Ownership Trusts – Your key to a tax-efficient exit?

If you are looking to plan your exit from your business, whether for retirement or to start your next venture, we know you want to achieve this

05-12-2024

Christmas cheer or tax liability? How trivial benefits impact your business

With Christmas right around the corner, many of you might be looking into ways to spread the holiday cheer among your employees. Maybe you want to give

05-12-2024

Should you buy a double cab pickup before April?

If you are a sole trader or small business owner using a double cab pickup (DCPU) for your work, now is the time to consider your options.

05-12-2024

What is the most tax-efficient salary choice for you after the Budget?

Directors have the ability to draw income from a business in several ways, including through the extraction of profits from the business, which can create significant opportunities