News & Press

Preparing for the new financial year is one of the most valuable exercises a business can undertake. It provides an opportunity to step back, review performance and make informed decisions about the year ahead. With tax thresholds remaining...

Passive income can provide financial flexibility and long-term stability, but it is still subject to UK tax rules. Many people assume that passive income is treated differently from employment income, yet in most cases it forms part of your...

Understanding personal tax can feel complex, particularly as rules and allowances change over time. Whether you are employed, self-employed, a company director or receiving additional income from property or investments, knowing your...

When someone mentions a ‘Tax Audit’ the word can have negative connotations. Especially when HMRC is involved. The word “audit” can cause concern for many business owners. It is often associated with mistakes, penalties or unwanted scrutiny....

As a business grows, managing finances becomes more complex. What may have worked in the early stages can quickly become difficult to maintain as income increases, staff numbers rise and compliance requirements expand. One area where this is...

What Are the Main Audit Types in the UK?In the UK, the two most common audit types are internal audits and external audits. While both involve reviewing systems, records and controls, their purpose and outcomes are different.An internal audit...

What Is a Statutory Audit?A statutory audit is an independent examination of a company’s financial statements and underlying records. It is carried out by a registered auditor and is required by law for certain companies.The purpose of a...

Tax planning is not about avoiding tax. It is about understanding the reliefs and allowances available, structuring your business efficiently, and making informed decisions throughout the year. At Wisteria, we support business owners with...

For many individuals and small businesses, these changes will mean adapting to new ways of keeping records and submitting tax information online.At Wisteria, our tax specialists work with clients to help them understand what these changes...

The announcements included significant tax changes that will affect individuals, landlords and business owners across the UK. Understanding these updates is important, particularly as many of the changes will influence financial planning for...

What Is Corporation Tax?Corporation tax is the tax that limited companies pay on their profits. It applies to income from trading, investments, and the sale of assets such as property or shares. In many ways, it is similar to income tax, but...

What Are Allowable Expenses?Allowable expenses are costs you can deduct from your rental income before calculating your tax liability. HMRC only permits deductions for expenses that are “wholly and exclusively” for the purpose of renting out...