Catch up on the latest accounting & financial news here from Braant.
Starting in April 2026, HMRC is implementing a significant change to how late filings for Income Tax Self-Assessment (ITSA) are managed. The previous system of automatic fixed penalties for a...
Read more > about HMRC’s New Points-Based Penalty System for 2026 Tax ReturnsCapital Gains Tax (CGT) is what you pay when you sell or dispose of something that has grown in value. The tax applies to taxable gains, not the total sale...
Read more > about How to Reduce Your Capital Gains Tax in the UKOne of the first questions any business owner faces is how to pay themselves. Should you take drawings or a salary? The answer depends entirely on your business structure. Different...
Read more > about Drawings vs Salary: What’s Best for You?For most people – and this is especially true of freelancers, business owners and individuals who receive additional income on top of their salary – getting your self assessment tax...
Read more > about When Is The Self Assessment Tax Deadline?The most common reasons for paying too much tax include being put on the wrong tax code, receiving untaxed income, or changing jobs, which can result in an Emergency Tax....
Read more > about What Happens If I Pay Too Much Tax?For those who want to know more about tax relief, how to claim it, and eligibility for claims, this post will take you through everything you need to know about...
Read more > about What Is Tax Relief And Can I Claim Any?When you're not an accountant or a financial whizz, tax codes aren't common knowledge. In fact, they can simply look like a bunch of numbers and symbols that make no...
Read more > about Understanding UK Tax Codes: A Comprehensive GuideTaxes aren't the most entertaining topic, especially for landlords. Mainly because they can be challenging to understand when you aren't a trained accountant.
Read more > about UK Rental Income Tax: A Guide for LandlordsIf you are a tax resident of the United Kingdom but are living overseas, you may be able to claim Overseas Workday Relief (OWR). Essentially, this means that the earnings...
Read more > about A Guide to Overseas Workday ReliefEach employer or pension provider has a unique set of digits used to identify their tax records with HMRC (His Majesty’s Revenue and Customs). These digits are what is known...
Read more > about What Is A Tax Reference Number And Where Do I Find It?In simple terms, cryptocurrency is a form of digital payment that can be verified without the use of any banks.
Read more > about Minimising Tax On Cryptocurrency: A GuideOver the last week, Chancellor Kwasi Kwarteng’s ‘mini-budget’ announcement has been in all the headlines and looks set to have far-reaching implications for the economy in the years to come.
Read more > about Changes To The Income Tax Rates: How Will The Government’s Recent Announcement Affect You
Starting in April 2026, HMRC is implementing a significant change to how late filings for Income Tax Self-Assessment (ITSA) are managed. The previous system of automatic fixed penalties for a single missed deadline is being replaced by a points-based…
For many UK SME owners, January represents a critical transition period. It is the season for essential compliance: filing tax returns, reconciling payroll, and finalising year-end accounts. But as satisfying as ticking boxes might be, the real opportunity is…
As the financial year-end approaches, bookkeeping often shifts from a to-do later task to a significant administrative burden. In simple terms, year-end bookkeeping is the process of completing, consolidating, and finalising your financial records. This ensures your books are…
Capital Gains Tax (CGT) is what you pay when you sell or dispose of something that has grown in value. The tax applies to taxable gains, not the total sale price, and it typically applies to asset sales such…
Building a business is exciting, but it also brings financial challenges. Startups and SMEs often concentrate on immediate goals such as sales, hiring, and product development, while long-term financial planning can fall behind. This is where strong financial leadership…
One of the first questions any business owner faces is how to pay themselves. Should you take drawings or a salary? The answer depends entirely on your business structure.
Different rules, obligations and tax consequences apply to sole traders, partnerships…
Audits can feel like a little bit of a dark art for small and medium-sized businesses. You might tune out the minute it comes up and think “stress,” “paperwork,” “that thing big companies do”. But what about audits and…
If you’ve ever started a new job and been automatically signed up to a pension without having ever lifted a finger, that is auto-enrolment at work. It’s a government program designed to encourage more people to save for their…
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