HM Revenue & Customs (HMRC) offers several tax relief options for individuals who make charitable donations. These reliefs can be claimed when completing a Self Assessment tax return, helping donors to reduce their overall tax liability while supporting good causes. Gift Aid Donations made under the Gift Aid scheme allow charities to reclaim basic rate

Starting a new business is exciting – but let’s be honest, managing the finances can feel like a bit of a minefield. You’re not alone if you find accounting overwhelming. In fact, over a quarter (26%) of small business owners say they have little to no accounting knowledge.That’s where we come in. At Amanah Accountants,

A strong business credit score is essential for securing loans, getting better payment terms from suppliers, and building financial credibility. If you’re a business owner looking to improve your credit score, here are key strategies to help you boost your rating and maintain healthy financial standing.Understand Your Business Credit ScoreYour business credit score is separate

A well-structured budget is essential for any business, helping you manage cash flow, plan for growth, and avoid financial pitfalls. Whether you’re a startup or an established company, setting up a clear budget for 2024 will give you a roadmap for financial success.1. Assess Your Current Financial SituationBefore planning for the future, review your past

Capital Gains Tax (CGT) is a crucial consideration for UK investors when selling assets like property, stocks, and other investments. Understanding how CGT works and strategies to reduce your tax liability can help you maximise your returns.What Is Capital Gains Tax?Capital Gains Tax is the tax on the profit (or “gain”) made when selling an

Running a small business in the UK comes with its fair share of expenses, but did you know that many business owners fail to claim valuable tax deductions? Maximising your allowable expenses can reduce your tax bill and improve cash flow. Here are some of the most commonly overlooked tax deductions for small businesses.1. Home

If you missed the self-assessment tax return deadline, you’re not alone—over 1.1 million people did. However, a recent change in the Bank of England’s base interest rate means HMRC’s late payment interest rates are set to decrease. Here’s what you need to know.Lower Late Payment Interest RatesThe Bank of England has reduced the base rate

The deadline to fill gaps in your National Insurance (NI) record and potentially increase your state pension is fast approaching. You have until April 5, 2025, to make voluntary contributions covering gaps as far back as 2006.With less than six months remaining, now is the time to act if you want to maximize your retirement

Buried in the Autumn Budget is a significant tax change for double cab pickups, which will soon be classed as cars for tax purposes This marks yet another dramatic U-turn following a tumultuous year of policy shifts, leaving businesses and drivers grappling with the implications. What’s Changing? Starting 1 April 2025 for corporation tax and