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More tax on business disposals from April 25

More tax on business disposals from April 25

by | Mar 6, 2025 | Capital Gains Tax

From April 2025, the Capital Gains Tax rate on Business Asset Disposal Relief rises from 10% to 14%, increasing to 18% in 2026. Business owners planning to sell may benefit from acting before these changes take effect. Currently, Business Asset Disposal Relief (BADR)...
Making a negligible value claim with HMRC

Making a negligible value claim with HMRC

by | Mar 6, 2025 | Capital Gains Tax

A negligible value claim lets taxpayers declare an asset worthless for tax purposes, realising a capital loss without selling. This can be backdated up to two years, offering flexibility in managing tax liabilities. A negligible value claim is a claim made by a...
Essential Credit Control for SMEs

Essential Credit Control for SMEs

by | Mar 3, 2025 | Business Support

A well-structured credit control system is crucial for small businesses to maintain cash flow and reduce the risk of bad debts. Without proper controls, late payments can disrupt operations and put financial strain on the business. Clear Credit Terms Setting clear...
Sources of funding for small businesses

Sources of funding for small businesses

by | Mar 3, 2025 | Business Support

Starting or growing a small business often requires capital, but securing the right funding can be a challenge. Fortunately, there are various funding sources available to entrepreneurs, each with its own benefits and drawbacks. Personal Savings Many small business...
Tax relief for structures and buildings expenditure

Tax relief for structures and buildings expenditure

by | Feb 27, 2025 | Corporation Tax

Maximise your tax relief with the Structures and Buildings Allowances (SBA). If you have invested in new or renovated commercial structures, you could claim 3% relief annually—saving you money for the next 33 years! The Structures and Buildings Allowances (SBA)...