Insights:
Tax

What you need to know about business tax   Whether your business is set up as a sole trader, partnership, or company, you will be subject to various taxes as part of UK tax law. How much business tax do ...

Can you avoid inheritance tax? If you own property, or other assets, it is important that you think about the value of your estate and the tax implications that may be associated with it, sooner rather than later. With careful ...

Martyn Benstead, partner at Stephenson Smart, explains the importance of being prepared as the Self Assessment tax return date looms. There’s never an ideal time to start thinking about your Self Assessment tax return, but my advice would be to ...

Does your business’s year end coincide with the tax year end?  If not, you need to know about basis period reform. Basis period reform is the government’s plan to move most sole traders and partnerships to an accounting year end ...

At just 16, Bethany Little broke the record as the youngest trainee accountant in Stephenson Smart’s 103-year history.  Fast forward five years and she’s done it again – as one of the youngest people in the UK to pass the ...

Advisory fuel rates company car - an overview by Partner, Chris Goad: New advisory fuel rates for company cars have been published and took effect from 1 September 2023. The guidance states: ‘you can use the previous rates for up to one ...