Capital Gains Tax crackdown – Are you prepared for HMRC’s growing scrutiny?
Over the past year, HM Revenue & Customs (HMRC) has been tightening the net around Capital Gains Tax (CGT), with compliance activity surging at an unprecedented rate.
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Income Tax reporting threshold set to rise – what it means for side hustlers
In a move that simplifies tax compliance and eases the burden on thousands of taxpayers, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will increase from…
Have you considered the tax implications of your Hong Kong business expansion?
By Rashmi Pandya, Macalvins’ COO Hong Kong – often called the Pearl of the Orient – has long been a gateway to the Asian market, attracting businesses from around the…
Digital trade and accounting challenges – the reality for businesses
By Rashmi Pandya, Macalvins’ COO Digital trade is supposed to make life easier for businesses. So why does it often feel like it just adds more complexity?
Planning your exit? Watch out for the BADR changes
If you are thinking about selling your business, timing could be everything. Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, helps business owners reduce their Capital Gains Tax…
Paying your employees will cost you more after 6 April
From 6 April 2025, changes to employer National Insurance Contributions (NICs) will take effect, increasing payroll costs for many businesses. If you employ staff, it is advisable to prepare now…