As we spring into the first week of the 2025-2026 income tax year, what do small businesses have to work with and what path should you take? Here are 10 suggestions for you....

With the 2025 tax year ending in less than 50 days, do check what tax planning action you might take:

With office Christmas activites and parties well under way, it’s a good time to remind ourselves of what employers can provide to staff and directors, tax free. The new trend of including activites such as axe throwing, giant jenga and crazy golf are included in these rules.

With a new Party (who won't have parties) in charge for the first time in 14 years, we need to understand Labour's approach to tax policy.

We might interpret what we've seen so far as reminiscent of a post-war approach of choosing to fund people (this time - public sector pay) instead of new infrastructure (this time - cancelled projects) with a sprinkling of sign posting about what Labour stands for, which may make little difference to the country's finances.

What are the areas to consider and possibly act on?