Is the New £3,000 Reporting Threshold Really Good News?
HMRC has announced a seemingly welcome change for small earners and side hustlers: 💥 From the 2024/25 tax year onwards, you will not be required to report self-employment or property income below £3,000. At first glance, this feels like a win—less admin, fewer tax returns, more freedom. But as accountants who’ve seen how these rules […]...
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How Quarterly Tax Planning Saved Our Client £11,000 in Tax
If you’re a small business owner who only meets with your accountant once a year, this story might just change how you view your finances. At Adaptive Accountancy, we don’t believe in last-minute advice. We believe in quarterly tax planning that puts business owners in full control—before it’s too late to make a difference. Last […]...
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Are You Still Better Off as a Limited Company?
Taxes are going up—we all know it. And one of the biggest hits for business owners? Dividend tax. Just a few years ago, the dividend tax allowance gave business owners a decent buffer before extra tax kicked in. Now? It’s disappearing fast: 📉 2016-2018 – £5,000 📉 2019-2023 – £2,000 📉 2024 – £1,000 📉 […]...
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Are You Rewarding Underperformers and Punishing Your Best Employees?
Traditional time-based employment has been the norm for years—turn up, work your hours, get paid. But does it really make sense? Too often, businesses unknowingly reward inefficiency while overloading their top performers. The hard workers who give their all end up with more responsibility, while those who put in the bare minimum still walk away […]...
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