So, you've made a significant investment in your business, perhaps a new commercial property or a cutting-edge IT system. You've confidently reclaimed the VAT, thinking, "Job done!" But what if your 'one and done' approach to VAT is actually setting you up for a surprise tax bill down the line?

The era of 'anonymity' in UK company structures is drawing to a close. Changes are on the horizon, as Companies House rolls out its new mandatory identity verification process. But what exactly does this mean for directors, business owners, and anyone involved with a UK company?

In an age where technology is increasingly intertwined with every facet of our lives, the introduction of Making Tax Digital for Income Tax Self Assessment marks a significant milestone in the evolution of tax compliance.

Building a comfortable future for your family takes hard work and dedication. So, the thought of Inheritance Tax potentially impacting the legacy you want to leave can be worrisome. To make sure all your effort pays off, it's worth taking a moment to understand how this tax works and how it might affect what you're building.

The UK's SME sector is a powerhouse, home to over 5 million businesses and making up more than 99% of the nation's business population. It's a dynamic space brimming with potential. For many of these small and medium-sized enterprises, the natural next step in their journey is to scale-up.

Family Investment Companies (FICs) have become an increasingly popular wealth management solution for families in the UK. By setting up a FIC, you can benefit from tax efficiencies, asset protection, and the ability to pass on your wealth to future generations.

Many landlords and individuals are still failing to meet Capital Gains Tax reporting requirements on the sale of a second home. DSA Prospect Director, Nick Longford offers valuable insight and advice on how to avoid penalties and benefit from exemptions and allowances.

When you receive income from self-employment or other sources such as property or investments, HMRC requires you to complete a Self Assessment tax return to ensure you are paying the correct tax.