Capital Gains Tax When Selling a Rental Property
11th August 2026 Capital Gains Tax When Selling a Rental Property Do You Pay Capital Gains Tax When Selling a Rental Property? You may have to pay Capital Gains Tax (CGT) when you sell or otherwise dispose of a rental property for more than its allowable cost. A disposal is not limited to an ordinary…
Read MoreChanges to the Construction Industry Scheme (CIS)
29th July 2026 New Lease Accounting Rules (from 2026) What is the Construction Industry Scheme? The UK Construction Industry Scheme (CIS) is a tax system operated by HMRC for the construction sector, where contractors deduct tax from payments made to subcontractors and send those deductions to HMRC as advance payments toward the subcontractor’s tax and…
Read MoreNew Lease Accounting Rules in 2026
29th July 2026 New Lease Accounting Rules (from 2026) What This Means For Your Business From 2026, there will be an important change to how leases are shown in your accounts under FRS 102. While the way you pay for leases won’t change, the way they appear in your financial statements will. Here’s a simple…
Read More2026 Winter Fuel Payment
29th July 2026 Winter Fuel Payment At Phinch, we are up to date on the Winter Fuel Payment. The Winter Fuel Payment is a UK government benefit designed to help with heating costs during the colder winter months. If you were born on or before 27 June 1960 and usually live in England, Wales or…
Read MoreUK E-Invoicing Mandate 2029: What SMEs Need to Know and How to Prepare Now
17th July 2026 UK E-Invoicing Mandate 2029: What SMEs Need to Know and How to Prepare Now The UK is moving towards mandatory e-invoicing for VAT invoices from April 2029, but many businesses are still unaware of the change. According to recent HMRC research, around 40% of SMEs are unaware of the upcoming e-invoicing requirements,…
Read MoreCan I Use AI for My Tax Return?
5th June 2026 Can I Use AI for My Tax Return? AI tools are now embedded into our daily working lives, assisting us with writing emails, managing documents, analysing spreadsheets and automating various repetitive admin tasks. It’s only natural that many people are now wondering if AI can help file their tax return? The answer…
Read MoreWhat Taxes Are Paid by Residential Property Owners in the UK?
5th June 2026 What Taxes Are Paid by Residential Property Owners in the UK? Buying residential property to own as a home or as an investment can be extremely lucrative in the UK. Owning property also means you need to navigate your way around a host of tax obligations. As a homeowner, landlord, or property…
Read MoreHow to Claim Work Expenses on Your Tax Return
27th April 2026 How to Claim Work Expenses on Your Tax Return Claiming work expenses on your tax return is one of the easiest ways to reduce the amount of tax you pay. Unfortunately, many people miss out on legitimate claims, or simply don’t know what they can claim. So whether you’ve built up travel…
Read MoreHow to Get Back on Top of Your Accounts
27th April 2026 How to Get Back on Top of Your Accounts When workloads pile up, businesses often fall behind on their accounts as financial admin takes a back seat. But the backlog creeps up on you over months and suddenly you’re behind on your accounts. The worst thing about letting things slip is that…
Read MoreMost Common Tax Mistakes Made by Bristol Businesses
2nd April 2026 Most Common Tax Mistakes Made by Bristol Businesses Filing your tax return can be one of the most stressful parts of running your business. If you’re a sole trader, limited company based in Bristol, making even the smallest error on your tax return can lead to costly penalties, possibly causing HMRC investigations…
Read More