New Year, New Numbers: The Ultimate 2026 Tax-Saving Strategy for Small Business Owners
2026 brings fresh tax changes and new opportunities for small business owners. Proactive planning is key to reducing tax and protecting profits. In this guide, Surrey Hills Tax reveals smart, compliant strategies to help you keep more of what you earn.
Navigating the New UK Non-Dom Tax Rules: Essential Insights from 6 April 2025
From 6 April 2025, the UK’s non-domiciled tax regime undergoes its biggest overhaul in decades. The remittance basis is being abolished and replaced with a residence-based taxation framework, affecting foreign income, gains, trusts, and inheritance tax. Our guide explains the key changes, practical implications, and planning considerations for non-doms and their advisors, helping you navigate the new rules with confidence.
R&D Tax Relief in the UK: What Companies Need to Know From 1 April 2024
With the UK’s merged R&D tax relief scheme now in effect for accounting periods starting from 1 April 2024, many companies are filing their first post-reform claims. This guide breaks down the key changes, eligibility rules, and practical tips for maximising R&D tax credits - ensuring your business can confidently navigate the new landscape and secure the relief it deserves.
Christmas Giving & Inheritance Tax: How to Gift to Loved Ones Without the Tax Risk
Christmas is a wonderful time to give to the people you love, and with a little planning, you can do so without triggering unnecessary Inheritance Tax implications. Small gifts of up to £250 per person each tax year, as well as your annual £3,000 gifting allowance, can be given freely without affecting your estate for IHT purposes. Regular gifts made out of surplus income can also be exempt if they don’t reduce your standard of living. By using these allowances thoughtfully, you can spread generosity at Christmas while keeping your long-term estate planning on track.
Important UK Tax Changes from 6 April 2026 - What You Need to Know
From 6 April 2026, a number of significant UK tax changes will come into effect, impacting individuals, business owners, landlords and investors. These include higher dividend tax rates, the introduction of Making Tax Digital for Income Tax, reforms to Business and Agricultural Property Relief, changes to Capital Gains Tax, and the removal of homeworking expense relief. Understanding how these changes affect you, and planning ahead - will be key to staying compliant and managing your tax position efficiently.
Unwrapping the £150 Christmas Party Exemption: A Tax Guide for UK Businesses
Many UK businesses know about HMRC’s £150 per person allowance for Christmas parties and other annual events. It sounds simple: spend up to £150 per head, claim a full corporation tax deduction, and employees avoid a Benefit in Kind charge. But the details behind this rule often catch employers out. A small oversight can turn a tax-free celebration into a taxable benefit with unexpected reporting and NIC costs. Here’s what you need to know to use the exemption correctly.
Navigating Inheritance Tax: Protecting Your Legacy with Confidence
UK inheritance tax rules help individuals and families protect their wealth and plan their estates effectively. With careful planning, it’s possible to reduce the tax payable or pass on more to your beneficiaries. Strategies include lifetime gifts, trusts, and exemptions, helping to preserve your legacy and safeguard your family’s financial future. This guidance supports both individuals and families, encouraging proactive planning and long-term security.
Unlocking Innovation with UK R&D Tax Credits: A Guide for Business Growth
UK R&D tax credits help businesses recover part of their innovation costs, whether developing new products, processes, or technologies. Even unsuccessful projects can qualify. Companies can reduce corporation tax or receive a cash repayment, boosting cash flow. The incentive supports SMEs and larger firms, encouraging continued investment in research and development.
Budget 2025: Essential Takeaways for Individuals and Businesses
The 2025 UK Budget freezes income tax thresholds, raises taxes on savings, property, and dividends, caps pension salary sacrifice, reduces ISA limits, updates inheritance tax, and adds a high-value council tax surcharge from 2028.
Get in touch.
It all begins with an idea. Maybe you want to launch a business. Maybe you want to turn a hobby into something more. Or maybe you have a creative project to share with the world. Whatever it is, the way you tell your story online can make all the difference.