In a recent case, Harber v HMRC (First-tier Tribunal) on 4 December 2023, the taxpayer (Harber) was appealing a penalty of £3,265.11 imposed by HMRC for failing to declare a capital gains on the disposal of a residential property. Under the CGT rules if you dispose of a second home or [...]
“Dreams without goals are just dreams. And ultimately, they fuel disappointment. On the road to achieving your dreams, you must apply discipline but more importantly, consistency, because without commitment you'll never start, but without consistency, you'll never finish." Denzel Washington With a new year comes new challenges and new plans. We often start [...]
Whilst it’s nice to have some time off from the usual run of the mill, at some point you are no doubt going to get bored over the next week or so. Let’s face it – normally you don’t spend this much time with the family or even in your home. [...]
As a dedicated business owner, you might think that taking a break is a luxury you can't afford. But what if I told you that stepping back is not just beneficial, it’s essential for you and your business's success? The amazing thing about Christmas is that it forces you to take [...]
2023 has been a challenging landscape, with small businesses are navigating a sea of complexities. As an entrepreneur, you must be asking yourself: “what are the pitfalls that lead to the downfall of many small businesses?” Awareness and strategic action are key to ensuring your business doesn't become another statistic. This [...]
As you may know my raison d'etre (my reason for being) is to help small businesses and their owners. For anyone who has read my book, The Organised Business, you will know I put this down to the trauma of being raised in a small family business that failed and had [...]
Earlier this week, the Chancellor presented his Autumn Statement, claiming it was about long-term growth for the economy. But did we see any real tax changes or was this all just smoke and mirrors? Below we outline the key measures that will affect you and give you our insight and opinion. [...]
As a business owner and leader, it's easy to fall into your comfort zone. The day to day grind of the many challenges faced by owners can mean that you find yourself stuck in a rut, where growth becomes stagnant and where motivation to push the business forward is low. This [...]
It’s difficult to be optimistic at the moment. So many businesses are feeling the pinch and finding things difficult. It’s the perfect storm of high interest rates, high inflation and high business failures. According to the BBC, insolvencies are as high as they have been since the financial crisis of 2009. [...]
From 1st Jan 2024, HRMC will be able to access and view your incomes on digital platforms like Airbnb, Etsy, Upwork, Uber etc. If any of you have a side hustle that you haven’t yet got around to declaring on your self-assessment Tax Return, then now is a good time. HMRC’s [...]
