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A skilled accountant may save you more money than they cost. It's difficult in the early stages, but it becomes beneficial to have one as your company grows.
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Running an unincorporated business and buying equipment?
The first year allowance on main pool spending is proposed to rise from 40% to 50% for spending from 1 January 2027. The £1m Annual Investment Allowance stays, which still covers most small businesses in full.
The first year allowance on main pool spending is proposed to rise from 40% to 50% for spending from 1 January 2027. The £1m Annual Investment Allowance stays, which still covers most small businesses in full.
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Sole trader or landlord with qualifying income over £30,000 in 2025-26? You must use Making Tax Digital for Income Tax from 6 April 2027.
Those joining then get no penalty points for late submission of their first four quarterly updates.
Those joining then get no penalty points for late submission of their first four quarterly updates.
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Savings interest held outside an ISA is proposed to be taxed at 24%, 44% and 49% from 6 April 2027, up from 20%, 40% and 45% today.
Interest inside an ISA stays tax free, which makes this year's allowance worth using.
Interest inside an ISA stays tax free, which makes this year's allowance worth using.
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Landlords holding property in their own name: tax on rental profit is proposed to rise from 20%, 40% and 45% to 24%, 44% and 49% from 6 April 2027.
Company rates do not move. A company only comes out ahead while the profit stays inside it.
Company rates do not move. A company only comes out ahead while the profit stays inside it.
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Selling your company in the next few years?
Business Asset Disposal Relief is proposed to fall from £1m to £500,000 for sales from 6 April 2027. The 18% rate stays, so on a gain of £1m or more that is up to £30,000 more tax.
The date of the sale now matters.
Business Asset Disposal Relief is proposed to fall from £1m to £500,000 for sales from 6 April 2027. The 18% rate stays, so on a gain of £1m or more that is up to £30,000 more tax.
The date of the sale now matters.
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Trading income under £1,000 a year does not need declaring to HMRC today.
From 6 April 2027 that trading allowance is proposed to rise to £3,000. It is measured on income, not profit. For the 2026-27 tax year it is still £1,000.
From 6 April 2027 that trading allowance is proposed to rise to £3,000. It is measured on income, not profit. For the 2026-27 tax year it is still £1,000.
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Still claiming 45p a mile? That rate is out of date.
HMRC's approved rate for the first 10,000 business miles is 55p, applied from 6 April 2026. Above 10,000 miles, the rate is proposed to rise from 25p to 35p from 6 April 2027.
HMRC's approved rate for the first 10,000 business miles is 55p, applied from 6 April 2026. Above 10,000 miles, the rate is proposed to rise from 25p to 35p from 6 April 2027.
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🏨✈️ Unlock FREE luxury travel with your Amex points! High-income earners can turn everyday spending into extraordinary experiences. Here’s how: #TravelHacks #AmexPoints
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BE FLEXIBLE:
Flexibility with travel dates and destinations helps find the best value for your points. Avoid peak times for the best deals. #TravelHacks
Flexibility with travel dates and destinations helps find the best value for your points. Avoid peak times for the best deals. #TravelHacks
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REAL-WORLD EXAMPLE:
100,000 Amex points can book a round-trip business class ticket from London to New York via British Airways Avios. Save thousands! #TravelGoals
100,000 Amex points can book a round-trip business class ticket from London to New York via British Airways Avios. Save thousands! #TravelGoals
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