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Hello, and welcome to episode 172 of the Financial Crime Weekly Podcast, I'm Chris Kirkbride. In this episode, we unpack a sweeping set of global enforcement actions and policy updates—from Interactive Brokers' $11.8 million sanctions settlement in the U.S. to OFAC's crackdown on Venezuela's Tren de Aragua criminal network. We explore the EU's sanctions against Russian hybrid threats and the UK's overhaul of its money laundering laws, including a revised criminal property threshold and its updated National Risk Assessment. Bribery and political influence come under scrutiny with new legislation targeting presidential library donations and concerns over cryptocurrency in UK political funding. Plus, we highlight HMRC's £3.9 billion fraud recovery success, a strategic revamp at the UK Insolvency Service, and major reforms to the Senior Managers regime. The episode closes with updates on cybercrime—including the Co-op's data breach and the launch of the NCSC's vulnerability research initiative—rounding out a busy week in the world of financial integrity and corporate accountability.A transcript of this podcast, with links to the stories, will be available by Monday at www.crimes.financial.
The tax landscape for dental professionals is undergoing a revolutionary transformation with Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) set to begin in April 2026. This comprehensive webinar unpacks what this means for dentists and how to prepare for this significant shift in financial reporting.For self-employed dental associates and practice owners earning over £50,000 in gross fee income, quarterly digital tax reporting will soon replace the traditional annual self-assessment. Rather than the familiar January rush, you'll need to submit updates every three months plus an annual finalisation. While this represents an additional administrative requirement, it also creates opportunities for more responsive financial management and tax planning.The heart of MTD compliance lies in digital record-keeping. Paper receipts and manual systems won't suffice – you'll need HMRC-approved software that can track all business transactions and submit information directly to the tax authority. Separating business finances becomes crucial; dedicated bank accounts and credit cards for your dental work will simplify compliance significantly. The phased implementation means those earning between £30,000-£50,000 will join in 2027, followed by those earning £20,000-£30,000 in 2028.We explore practical considerations including software selection, registration through accountants, and how the pilot program offers a penalty-free opportunity to test the system before mandatory implementation. While MTD admittedly increases the administrative burden for dental professionals, it also provides greater visibility of your financial position throughout the year, allowing for more strategic tax planning and potentially improved business decisions.Ready to prepare your dental practice for the digital tax era? Book a consultation with our specialist dental accountants to assess your MTD readiness, explore software options tailored to your practice, and develop a compliance strategy that minimizes disruption while maximizing potential benefits.
In this week's AJ Bell Money and Markets podcast, Charlene Young and Danni Hewson dive into the latest financial news, from Trump's latest tariff manoeuvres [02:00] to Elon Musk's surprise announcement of a new US political party and what that could mean for Tesla [08:47]. They explore how markets are responding to these unpredictable headlines, including the impact on copper prices [06:00] and the so-called "TACO trade." Back in the UK, there have been some big developments affecting housebuilders [12:57], an underwhelming preview from Shell [14:58], and pressure mounting on the government's finances [17:39] — particularly the ballooning cost of the State Pension triple lock. The episode also sheds light on a worrying HMRC issue: over 600,000 people have been fined for not filing tax returns despite owing no tax [21:31]. Later in the show, Shares magazine's Tom Sieber spotlights his investment trust dividend heroes [24:51], and James Flintoft joins Danni to analyse AJ Bell fund performance in Q2 and what may shape markets in the second half of 2025 [29:13].
HMRC are making sure that young people have all the things they need to be ‘summer-job ready'. Hywel Davies has been hearing about the new features in the accessible HMRC app.
As the current series of The Tax Factor draws to a close, Nimesh Shah and Heather Self serve up a final episode looking back over the last 12 months. From the arrival of a new Labour government to the twists and turns of the Chancellor’s fiscal manoeuvrings, it’s been a year of tax drama, policy pivots, and HMRC under the microscope. There’s a sense of déjà vu as we head into the summer break - more questions than answers, and a tax landscape still in flux. Plus, in honour of Wimbledon week, we can’t resist a final rally with the VAT query of the season: the M&S strawberries and cream sandwich.See omnystudio.com/listener for privacy information.
Simple assessment and real-time reporting for capital gains tax (CGT) are two ways for HMRC and taxpayers to sidestep self assessment for income and gains.HMRC sent out a record number of simple assessments for 2023/24. We explain what they are and explore some of the problem areas. We also explain how the often overlooked real-time reporting for CGT works and look at current issues with CGT reporting more generally.LinksTAXguide 09/18: simple assessment - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2018/taxguide-0918-simple-assessment Simple Assessment guide for pensioners - https://www.gov.uk/government/publications/pensioners-and-tax-communications-materials/simple-assessment-guide-for-pensioners Agent Update: issue 131 - https://www.gov.uk/government/publications/agent-update-issue-131/issue-131-of-agent-update#simple Consider using the real-time CGT service to report gains - https://www.icaew.com/insights/tax-news/2024/apr-2024/consider-using-the-real-time-cgt-service-to-report-gains TAXguide 15/20: Capital gains tax UK property disposal reporting - https://www.icaew.com/technical/tax/tax-faculty/taxguides/2020/taxguide-1520-capital-gains-tax-uk-property-disposal-reporting PanellistsStephen Relf, Technical Manager, Tax, ICAEWCaroline Miskin, Senior Technical Manager, Digital Tax, ICAEW Katherine Ford, Technical Manager, Personal Taxes, ICAEWProducerEd AdamsEpisode first published: 2 July 2025Podcast recorded: 24 June 2025
This week on Digi-Tools in Accrual World - sponsored by FYI - we're diving deep into the latest fintech news, with a close-up on the tools and platforms redefining the tech stack for accountants. From HMRC compliance and accounting tech consolidation to next-gen workflows and AI-powered innovation, we unpack how firms are adapting - and what's coming next. Whether you're watching accounting tech news unfold or actively planning your firm's next move, this episode has plenty to get your teeth into. We cover: • CCH iFirm's new MTD for Income Tax solution - and why John Toon's surprisingly impressed • Access launches “Evolve” - an ERP-style suite bundling Fathom, Lightyear and more • Employment Hero's free payroll software for micro-businesses • Dext drops GPS mileage tracking, auto-descriptions and bulk approval tools • Mimo adds planned payment dates for smarter forecasting • Active Workpapers integrates with CloudCapcha to bring timesheet automation into its workpapers suite • Sleek raises $23m to expand its hybrid tech-accounting platform • HMRC loses £47m to fraudulent PAYE claims • UK government departments owe £1.65m in unpaid invoices - some dating back 18 years Plus – we're joined by Harv from Scoro, digging into the shift from accountant to FinOps advisor, and how PSA platforms like Scoro are helping firms evolve their client service, pricing models and digital strategy. If you're trying to keep pace with accounting tech innovation and want to stay ahead of changes in digital transformation - this one's worth a listen. 00:00 Coming Up 01:02 Welcome to Digi-Tools in Accrual World Podcast 04:39 App News 04:58 CCH iFirm launches MTD for Income Tax solution 08:06 Access launches ‘Evolve' to tackle mid-market system sprawl 11:35 Employment Hero offers free payroll 14:37 Dext adds GPS mileage tracking and auto-descriptions 18:21 Mimo introduces Planned Payment Dates for better forecasting 19:17 Active Workpapers integrates with Cloudcapcha for timesheet automation 22:28 Sleek raises $23m to expand digital accounting and compliance tools 24:42 HMRC loses £47m to fraudulent tax repayments 27:02 Government hits £17m in unpaid supplier invoices 30:31 Scoro: Becoming a FinOps Advisor 41:07 Enjoyed the pod? Drop us a like or a review to let us know :) #DigiToolsinAccrualWorld #AppNews #accountingtechnews #fintechnews #techstackforaccountants #accountingtechconsolidation #accountingtechinnovation
The Hidden Tax Saving for Single Director Companies Are you a sole director of your own limited company? Do you follow the typical model—small salary, dividends, smart tax planning? If so, today's episode of the I Hate Numbers podcast is essential listening. Many think the Employment Allowance is off-limits for single director companies. But with the right setup and careful planning, you could unlock over £1100 in National Insurance savings for the 2025–26 tax year. We break down exactly how to stay legal, compliant, and cash smart—without falling foul of HMRC rules. Main Topics & Discussion The Rising Cost of Employers National Insurance (NI) From 6 April 2025, employers NI increased to 15%. The point at which NI kicks in—the Secondary Threshold—also dropped to £5,000. That means you pay NI sooner and at a higher rate. What is the Employment Allowance? The Employment Allowance lets eligible businesses reduce their employers NI bill by up to £10,500 (2025–26 figure). But single director companies usually can't claim—unless they meet specific conditions. Two Legal Options to Unlock the Allowance 1. Hire an Additional Employee Real work must be performed Minimum wage rules apply One week's work at £97 or more qualifies Claiming the allowance saves around £1100 per year 2. Restructure Director Roles Resign as company director Appoint a trusted person as director (e.g., spouse, partner) You remain an employee, not a director Triggers eligibility for the allowance Both methods are legal, provided the setup is genuine and properly documented. Essential Record-Keeping and Compliance Use reliable payroll software Submit claims via HMRC's EPS service Keep payslips, employment contracts, board minutes Maintain proper Company House filings if changing director structure Costly Mistakes to Avoid Assuming you're ineligible without checking Faking employees to trigger the allowance Missing the claim deadline for the current tax year Real-World Example A single director pays themselves £12,570. Without the Employment Allowance, they'd owe £1135 in employers NI. By meeting the conditions and claiming the allowance, that bill disappears—saving over £1100 annually. Links Mentioned in This Episode Webinar: How to Handle the Rise in Employers NI in April 2025 Book a Business Tax Chat Episode Timecodes [00:00:00] – Introduction: Who this episode is for [00:01:17] – Rising employers NI and threshold changes [00:02:55] – What is the Employment Allowance? [00:04:00] – Option 1: Hiring an employee [00:05:30] – Option 2: Restructuring directors [00:07:08] – Legal and record-keeping requirements [00:07:50] – Common mistakes to avoid [00:08:47] – Next steps and helpful resources
Tune into this weeks podcast as we talk all things Salford Red Devils. Paul Rowleys men are beaten but Mike Gradys ladies get back to winning ways against Hull FC We look back at a big week for Salford as the HMRC adjourn the meeting, is the beginning of the end of the financial saga as the bridging loan is about to drop? 1 more loan signings, holiday clubs for the kids in the city as we look forward to this weekends games
This week on The Tax Factor Neil Insull and Suzanne Briggs look at Reform’s controversial proposal for a 'Britannia Card' that would let wealthy foreigners pay a £250k fee to move to the UK and live exempt from all tax, and a significant rise in HMRC investigations into high earners, signalling a more aggressive compliance strategy. Elsewhere, the tax gap among SMEs is growing - what’s causing it, and how might it be closed? Plus, in estate planning news, Glastonbury founder Michael Eavis may have struck the right chord with tax planning that could legally bypass £80 million in inheritance tax. And finally, as Wimbledon serves up bigger prize pots, Neil and Suzanne reveal how it’s also serving HMRC a bigger slice of the winnings.See omnystudio.com/listener for privacy information.
Send us a textHugo Busby, a chartered surveyor, joined the London Property Podcast to discuss the importance of accurate property valuations for inheritance tax (IHT), capital gains tax (CGT), matrimonial cases, and insurance. He stressed that:Incorrect valuations can lead to unnecessary tax liabilities (IHT at 40%, CGT up to 28%).In divorce cases, joint expert valuations ensure fairness and stand up to legal scrutiny.A holistic approach is key — covering both property and contents, especially for insurance and tax planning.Insurance valuations should be reviewed regularly to avoid overpaying premiums.Market conditions, past valuations (as far back as 1982), and solid documentation are vital for HMRC compliance.Busby also shared practical examples and noted current trends like a softening property market and rising construction costs.PROPERTY WEALTH - Transforming challenges into opportunities with specialist knowledge and reach. Explore the complexities of the London property market with us—insights, advice, and connections at your fingertips.Join the conversation! Share your thoughts and questions in the comments below. Don't forget to follow us for the latest updates and expert advice! https://www.londonproperty.co.uk/en/link-in-bio/#PropertyWealth #LondonProperty #RealEstate #PropertyMarket #Investment #HomeBuying #HomeSelling #PropertyAdvice #RealEstateTips #PropertyInvestment #LuxuryLiving
We've managed to cobble together another themed Q&A episode, this week dealing with questions around Inheritance Tax, Trusts and Care planning. Lots for Roger and Pete to get stuck into! Shownotes: https://meaningfulmoney.tv/QA18 00:48 Question 1 Hi Pete, Hi Rog, Thanks for your ongoing work on the Podcast, I've been listening for many years and have learned a great deal from you both. Keep up the good work! My question is in relation to trusts. My parents, both aged 70, have recently got round to updating their wills, putting POA in place for finance and health and have been in discussion with a solicitor about putting a trust in place, primarily to safeguard their assets from being used up in the event of them having to go into care in later life. At present I believe their estate to be approximately £600,000 including their house which I would imagine is worth approximately £250,000. The rest is made up of savings. I don't believe their estate would be subject to inheritance tax so I don't believe this is the reason for setting up a trust. I have listened back to your previous episodes on trusts but I was wondering, firstly whether much has changed since these podcasts in relation to the general setting up and management of a trust? Secondly I wondered if you could explain the negatives to my parents putting the majority of their assets into trust, namely are there any ongoing fees, can my parents take assets out of the trust should they need to and what are the tax implications for the beneficiaries when my parents pass away? Would any of these things change in the period where only one of them has passed away? I appreciate this is a huge topic and you may not be able to address all of these queries but it appears they have been advised of the positive parts of this process but I would like to ensure we are aware of the potential pitfalls. Thanks once again! Jon 11:10 Question 2 Hi Pete and Roger, Still loving the show and I'm enjoying the current variation in format - keep up the fantastic work! My question relates to estate planning: My wife and I own our home (mortgage free) 50/50 as tenants in common. We have up-to-date wills, LPAs, expressions of wishes and "Dead Files" set up. Each half of the house will be left to our daughter as and when, with the appropriate "right to reside" wording in place for the remaining partner. We are both in our late fifties, so hopefully not needed for many years yet. The IHT side is fine as it's just numbers - allowances and values etc. What I can't quite get my head around is any potential CGT liability for our daughter following the second death. Not so much for the financial impact, as she is already comfortable in her own right (with my and - via the podcast - your encouragement over the years) and will inherit further monies when we pass, but more from a planning perspective. I have looked online and disappeared down several rabbit holes, but from what I can gather although she inherits half the house on the first death, essentially because the surviving partner continues to live in it and therefore any actual money can't be realised, CGT is only calculated from the date of the second death (assuming she sells the house at that point). Is this correct, or will her CGT liability on half of the value start on the first death and be based on (half of) the house valuation at that time, as obtained for that probate? Maybe I'm taking the planning a little too far, but I like to be prepared. These circumstances will be more and more relevant to families over time, I'm sure. Your usual wisdom and common-sense views would be very much appreciated (even if the answer is "...it depends!"). Thank you again for the information and humour the two of you provide each week - long may you continue! Best wishes, Glen 16:11 Question 3 Hi guys Thank you both for a great podcast, big shout-out to Rog because he gets missed off sometimes in these testimonials – genuinely wish I had found this podcast years ago. Have made so many past mistakes but now correcting them one by one! I have a question about care costs which I hope you could answer. My mum is suffering from late stage dementia and my dad who is her 24/7 carer is struggling to cope (they are both 80yo). I have PoA for my mum and am trying to involve myself more in her care plan going forwards. Care (in the home initially) is going to be required and I was wondering how this is paid for. My parents worked hard and have reasonably large savings and investments in both their individual names and in joint names and the extent of these means they would have to pay for care. What we are not clear on is whether money or investments in my mum's name would ONLY be used to pay for her care or whether jointly held money or investments would be used or whether anything in my father's name would also be used to pay for care? I've tried to find the answer to this online but cannot find a clear answer so remain confused! Also are there things that we should be doing to manage this better – end of life planning, trusts etc etc? My dad worked incredibly hard to provide something to his grandchildren and he is actively putting off getting help and harming himself for fear that he won't be able to pass something down to his grandchildren – this is incredibly sad and feels cruel. Any advice that you could give would be much appreciated. Keep up the great work David R 23:30 Question 4 Hello Pete & Roger, Firstly I want to say thank you so much for all the work you do to teach all us mere mortals how to navigate the world of personal finance. I have a question: Everyone talks about merging finances with a partner and then having children. I am in my mid 40s and my children are early 20s. I have a partner and I hope to move in with him one day (he has no children) I might move in with one of mine. How do I protect what I currently have and ensure that goes to my boys? He has considerably more than I do and I don't expect him to support or pass anything on to my boys. I understand I don't want to do a mirror will but would I do a “prenup”? We aren't getting married. Is there a cut off point “moving in day” where everything after that is split 50/50 with the new partners? Or am I over thinking this? I have been through one divorce and don't want to again but I do want to protect what is mine for the sake of my boys. Any advice would be very welcome. Thank you and keep up the AMAZING work. Kind regards, Carla. 28:56 Question 5 Hi Pete, Roger, Nick, Ruth and everyone else in your fantastic team. I have a few questions around a niche scenario that I can't find answers to online. I'm hoping you can point me in the right direction. My parents-in-law were convinced to transfer their home into an asset protection trust in the past before I met them (more than 10 years ago, as I think that's relevant). They were told it would help avoid having to pay care costs. They now know this was never going to be suitable for them, and are looking to mitigate the damage. I suspect the names McLures Solicitors, Jones Whyte, Andrey Robertson and Cynthia Duff might be depressingly familiar to you. The ownership of the house was changed to tenants in common, and each of them transferred their half of the house to a separate trust. So there was the Mr M trust and the Mrs M trust. The trusts were set up such that Mr M and 2 financial advisers were the trustees of the Mr M trust; Mrs M and the 2 financial advisers were the trustees of the Mrs M trust. The trust deed gave the settlors the right to add or remove trustees during their lives. When I started to look at this, I felt there were 3 stages to resolve this: 1. Change the trustees to a more sensible arrangement. 2. Update the land registry with the correct trustees. 3. Decide whether to end the trusts. I knew the first 2 steps were going to need a solicitor, who my parents-in-law found. However, the first 2 stages have now been resolved. So, they're now looking at the final stage - deciding whether to end the trusts. It's clear their current solicitor isn't going to be right for them for this part. I think the disadvantages to leaving the trusts in place are: - If either of them need care in the future, I don't think the trusts will make any difference in the local authority's means assessment. - The property is likely unmortgageable if they should need any kind of equity release in the future, for example to pay for care. - Neither trust has been registered with HMRC due to the original solicitors ceasing trading. There might therefore be a tax charge/penalty charge, and an obligation to file periodic tax returns for the trusts. Their preference is to wind up the trusts, but are there any pros to leaving them in place? And are there any cons I haven't thought of already? Knowing that "should" is a dirty word in financial advice, I'm trying to find out whether ending the trusts might have any drawbacks or tax liability. My understanding is that they each transferred their share of the property to the trust when the house was valued at £X. If the trusts are ended, they'll receive the property back at a value of £Y. My questions are: - Is there any tax liability, based on the difference in property value between £X and £Y? - Could they be entitled to any tax reliefs based on their circumstances? - Are there any other drawbacks you can think of that we might not have considered? I know you can only give general information and guidance, but I couldn't work out an answer to this myself. I couldn't even work out which type of professional they should speak to - a solicitor, accountant or financial adviser. I'd be really grateful if you could point us in the direction to get some personalised help. Many thanks, Mathew 33:55 Question 6 Hi Pete, Roger, As a long-time listener and viewer of your channel, I appreciate your insights on keeping costs low, investing in global funds, ensuring tax efficiency, and the benefits of long-term investing. My wife and I have recently become a grand-aunt and grand-uncle. Rather than giving the usual presents, we'd like to do something more practical by investing regularly (£100/month) for our grandniece—after all, there's no better time to start long-term investing than from birth. Likewise, we're comfortable investing 100% in equities, given the long time horizon. On the surface, I suspect you'd recommend a Junior SIPP or a Junior ISA. However, the challenge is that she (and her parents) are French citizens, living in France and paying taxes there. While I appreciate that you focus on UK matters, are you able to provide any pointers on how we could invest in a low-cost global fund for her under these circumstances? Many thanks for your time and any guidance you can offer. John
Bullied almost every day as a shy, small-built expat kid in London, Ash quickly realized that survival wasn't about being the loudest in the room, it was about finding your people. The lack of connection in those early years made one thing painfully clear: community isn't a luxury, it's oxygen. Ash powered through adversity, earning degrees from MIT and Oxford, not just collecting certificates, but building a mind sharpened by code and a heart tuned to human behavior. He went on to lead major tech projects for the BBC, HMRC, and the UK Government, impacting millions of lives — but something was missing. That "something" became Odd Circles, his bold answer to a quiet crisis: coaches, mentors, and solo experts stuck in isolation, overbooked and underpaid, struggling to grow in a world demanding scale. With Odd Circles, Ash built more than a SaaS platform — he built a movement, helping coaches turn one-way content into two-way conversations, followers into paying members, and burnout into belonging. Today, thousands of creators and experts use Odd Circles to build communities that 3x their income, but more importantly, they build circles where no one feels like the odd one out. Key Moments [03:52] "School Fest Drama Breakthrough" [08:29] Corporate Travel Burnout Reflection [13:11] Entrepreneurs: Unique Journeys and Wins [14:15] Founder with User-Centric Approach Find Ash Online https://www.linkedin.com/in/ash-l-odd-circles/https://www.oddcircles.com/ If you're enjoying Entrepreneur's Enigma, please give me a review on the podcast directory of your choice. The show is on all of them and these reviews really help others find the show. iTunes: https://gmwd.us/itunes Podchaser: https://gmwd.us/podchaser TrueFans: https://gmwd.us/truefans Also, if you're getting value from the show and want to buy me a coffee, go to the show notes to get the link to get me a coffee to keep me awake, while I work on bringing you more great episodes to your ears. → https://gmwd.us/buy-me-a-coffee or support me on TrueFans.fm → https://gmwd.us/truefans. Follow Seth Online: Seth | Digital Marketer (@s3th.me) Seth Goldstein | LinkedIn: LinkedIn.com/in/sethmgoldstein Seth On Mastodon: https://indieweb.social/@phillycodehound Seth's Marketing Junto Newsletter: https://MarketingJunto.com Leave The Show A Voicemail: https://voiceline.app/ee Learn more about your ad choices. Visit megaphone.fm/adchoices
In this episode, Jim Lee (Global Head of Capacity Building, Chainalysis) sits down with Richard Las (Chief Investigation Officer, Director Fraud Investigation Service, HM Revenue & Customs) to discuss cutting-edge developments in tax fraud investigations. Richard shares his experience in managing a multi-faceted team and emphasizes the importance of international collaborations in combating financial crime, while sharing HMRC's approach to tax compliance, the impact of technological advancements in investigation and the role of public-private partnerships in reinforcing global financial security. The episode highlights the use of intelligence-led investigations, showcasing how data and private sector partnerships augment HMRC's efforts and how strategic data analysis aids in the fight against tax evasion, particularly with regard to burgeoning areas like crypto assets. Minute-by-minute episode breakdown 2 | Richard Las' background and his role at HMRC 4 | HMRC's fraud investigation service and capabilities 7 | Tax obligations for crypto holders in the UK 10 | Civil vs criminal tax offenses in undisclosed crypto gains 12 | International cooperation against tax evasion 15 | Public Private Partnerships and leveraging crypto service providers Related resources Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key. Website: HMRC: UK's tax, payments and customs authority Report: HMRC Internal Manual: Cryptoassets Manual Guidance: 01Jan2026: New data collection and reporting requirements for UK Cryptoasset Services Forum: HMRC Community Forums - Crypto Tax (BETA) Blog: Huione Carries On: Chinese-Language Platform's Persistence Reveals the Complexity of On-chain Financial Crime Disruption Announcement: Chainalysis and Aptos Foundation Partner to Increase Trust and Security YouTube: Chainalysis YouTube page Twitter: Chainalysis Twitter: Building trust in blockchain Speakers on today's episode Jim Lee *host* (Global Head of Capacity Building, Chainalysis) Richard Las (Chief Investigation Officer, Director Fraud Investigation Service, HM Revenue & Customs) This website may contain links to third-party sites that are not under the control of Chainalysis, Inc. or its affiliates (collectively “Chainalysis”). Access to such information does not imply association with, endorsement of, approval of, or recommendation by Chainalysis of the site or its operators, and Chainalysis is not responsible for the products, services, or other content hosted therein. Our podcasts are for informational purposes only, and are not intended to provide legal, tax, financial, or investment advice. Listeners should consult their own advisors before making these types of decisions. Chainalysis has no responsibility or liability for any decision made or any other acts or omissions in connection with your use of this material. Chainalysis does not guarantee or warrant the accuracy, completeness, timeliness, suitability or validity of the information in any particular podcast and will not be responsible for any claim attributable to errors, omissions, or other inaccuracies of any part of such material. Unless stated otherwise, reference to any specific product or entity does not constitute an endorsement or recommendation by Chainalysis. The views expressed by guests are their own and their appearance on the program does not imply an endorsement of them or any entity they represent. Views and opinions expressed by Chainalysis employees are those of the employees and do not necessarily reflect the views of the company.
Let's be honest—nobody looks forward to tax season. However, leaving your return until January could mean unnecessary stress, missed opportunities, or even money left on the table. Filing your 2024-25 tax return early, on the other hand, brings more than peace of mind. It gives you financial clarity, greater control, and even potential savings. In this week's episode of the I Hate Numbers podcast, we share 10 powerful reasons why getting ahead of your tax obligations is one of the smartest financial moves you can make. Whether you're self-employed, a freelancer, or a landlord, early filing can seriously improve your business and personal finances. Main Topics & Discussion What is Early Tax Filing and Why It Matters Early filing means submitting your self-assessment tax return well before the 31st January 2026 deadline for the 2024-25 tax year. It's optional, but it brings clarity, helps avoid last-minute chaos, and often leads to better tax decisions. 10 Reasons to File Your Tax Return Early 1. Remove the Stress Early Tax season doesn't have to mean panic. Filing early clears the task from your to-do list and lets you enjoy the holiday season stress-free. 2. Know What You Owe HMRC Early filing gives you a confirmed tax bill months in advance. No nasty surprises. No guessing. And plenty of time to budget or plan a repayment if needed. 3. Spread Tax Payments Through PAYE If you owe under £3,000 and are in PAYE employment, you can file by 30 December 2025 and have HMRC collect the tax through your salary over 2026-27. It's like an interest-free loan. 4. Get Tax Refunds Sooner If you're owed money, early filing gets your refund processed faster. That cash could help your household budget or business capital immediately. 5. Reduce Your July Payment on Account Filing before 31 July 2025 could reduce or eliminate your second payment on account. Perfect if income has dropped or business losses apply. 6. Prepare for Making Tax Digital (MTD) MTD starts April 2026 for sole traders and landlords earning over £50,000. Filing early lets you see if you're affected and gives time to prepare. 7. Manage Transition Profits 2023-24 triggered a shift to fiscal-year accounting. Early filing helps manage any transition profits in 2024-25 and optimise tax reliefs over five years. 8. Prove Income for Loans or Mortgages Early returns provide official proof of income (think SA302) needed for mortgage applications, loans, or other financial support. 9. Enable Better Tax Planning The earlier you file, the earlier you see where you can be more tax efficient. That could mean adjusting pensions, business structure, or income strategies. 10. Keep Your Accountant Happy (and Costs Lower) Avoid the January rush and build goodwill with your accountant. Many practices charge a premium for late submissions or may be fully booked. Real-World Example Imagine you overpaid your tax or have losses to claim. Early filing could put money back in your pocket within weeks. Or if you're budgeting, knowing your January 2026 bill now means no scrambling for cash later. Key Tax Dates to Remember
This week on The Tax Factor Rehana Earle and Ele Theochari look at possible U-turns on the non-dom regime, with Rachel Reeves reportedly reconsidering inheritance tax on global assets amid City concerns. They also discuss the High Court ruling that allows VAT on private school fees, rising tax receipts including a 14% hike in IHT, and a delayed Tax Freedom Day as fiscal drag bites. Plus, we revisit Making Tax Digital, with new guidance ahead of the rollout is HMRC going to be helpful to tax payers and agents around the new tax reporting framework?See omnystudio.com/listener for privacy information.
The show starts unpacking the latest results from equipment hire company Ashtead (AHT). Mark Robinson analyses the outlook for US construction spending, the company's sensitivity to tariffs and its valuation. It's then on to Ashtead's smaller rival Speedy Hire (SDY), which is closing some of its depots due to rising staff costs. Listen to find out everything investors need to know. Next up is one of the IC's Ideas of the Year, which are putting in a strong performance again in 2025. Pensions consultancy XPS Pensions (XPS) reported full-year figures earlier this week – Julian Hofmann asks if its booming business can continue.Lastly, our Big Read on the medical technology sector. Mark Robinson covers the issues facing the industry, the options for investors and a potential tariff winner.Timestamps 1:50 Ashtead9:20 Speedy Hire18:29 XPS Pensions27:36 MedtechRead more on these topics:Ashtead stymied by falling used equipment salesSpeedy Hire attempts to boost efficiencies as HMRC loads costsThe cutting-edge medtech stocks worth owningListen to more podcasts from Investors' Chronicle on Apple, Spotify and YouTube Hosted on Acast. See acast.com/privacy for more information.
Tom Herbert returns from the Sage Future user conference in Atlanta and spills all. He shares Sage's artificial intelligence insights, classified into waves, and explores what each means. While discussing tech adoption, he argues that it's not all about the technology, explaining other ways to get the attention of customers. Richard Hattersley reflects on the government's spending review. While no tax changes were announced, he talks about the document confirming a £500m investment in HMRC's digital services. Alongside this, another document was released: Tax Policy Making Principles. Hattersley explains the concept of this document, its principles and whether they'll remain unbroken. Matthew Ord closes the podcast with a look at private equity's presence in audit. He recalls his chat with CEO Bruce Cartwright on why audit quality must stand apart from private equity's influence. The team discusses the fine balance that the profession needs to get right seeing as both private equity and audit have come under scrutiny.
Welcome back to another episode of Tax Talks! I sat down again with the brilliant Tej Gill, who's not just a top-tier tax advisor but also someone who knows what he's talking about when it comes to corporate structuring and financial planning. We delved deeply into a topic that many business owners have heard about but don't always fully understand: Alphabet Shares. Don't worry - we didn't just throw jargon around. We started right at the beginning, breaking down what a share is - from voting rights to dividends and capital rights - before getting into how Alphabet Shares work and why they can be such a powerful tool in your financial toolkit. Tej explained how Alphabet Shares can give you more control and flexibility in your company, whether it's about who receives what dividends, how decisions are made, or how ownership is divided. They've been around for a while, but they're still one of the smartest ways to structure your business for tax efficiency, especially when thinking long-term or planning for the next generation. We talked about practical, real-world scenarios - like how you might use Alphabet shares when setting up a company with your family, or if you're planning to pass on wealth to your kids without handing them the full keys to the castle (and without giving half of it to HMRC in the process). Whether you're brand new to Alphabet Shares or you've heard about them and want to know how they actually work in practice, this episode's for you. I learned a lot from Tej, and I think you will too. UFD RESOURCES:
The fight against what is called push payment fraud - when victims are groomed and manipulated into transferring money to criminals - took a huge step forward in October when new regulations for banks and other finance companies were introduced to make the banks involved liable for the losses. It was the result of years of campaigning which Money Box has reported on from the very beginning. Now the first set of figures since then shows it is working better, but still not perfect. We'll hear from David Geale the Chief Executive of the Payment Systems Regulator.This week, some of Britain's biggest pension funds have pledged to invest more of the money they look after into UK assets. Seventeen major workplace pension providers have signed the Mansion House Accord, a voluntary initiative which commits them to invest at least 10% of the pension funds into what it calls 'private markets' with half of that invested in the UK. The Treasury says this commitment will drive more investment into infrastructure and businesses, while driving higher returns for savers and reducing risk through diversified asset holdings. We'll speak to the Chief Executive of The People's Pension which is the UK's largest workplace pension fund.If you get child benefit for a child aged 16 or over it will stop on 31 August unless you tell HMRC to continue paying it. What do you need to know?And are we becoming too reliant on digital banking when we should all have some cash for emergencies?Presenter: Paul Lewis Reporters: Dan Whitworth, Eimear Devlin and Catherine Lund Researcher: Jo Krasner Editor: Jess Quayle(First broadcast 12pm Saturday 17th May 2025)
In this insightful and highly practical conversation, Jeannette Linfoot welcomes back Chris Wilkins, an esteemed accountant and tax expert from Wilkins Southworth. Chris delves into his fascinating journey into the world of tax, from childhood inspiration to navigating complex international finance deals. The episode explores the significant "brain drain" of high-net-worth individuals from the UK due to recent tax policy changes, discussing the economic repercussions and the critical need for up-to-date tax advice. Chris provides invaluable guidance for various financial situations: from tax-efficient strategies for startup entrepreneurs (including VAT and partnership structures) to optimizing tax for multiple business owners. He unpacks the evolving landscape of property investing in the UK, detailing the impact of Section 24 and changes affecting furnished holiday lets. A crucial segment addresses the tax implications for unmarried couples versus married couples, particularly concerning capital gains and inheritance tax, and the often-overlooked necessity of updating wills upon marriage. Finally, Chris offers vital advice for those nearing retirement, highlighting recent pension and business inheritance tax changes that could dramatically affect legacy planning. This episode is a must-listen for anyone looking to understand and optimize their financial position in a constantly shifting tax environment. Top Takeaways Accountancy is a dynamic field, not just "men in grey suits." Staying current with tax legislation is crucial for effective advice. The UK is experiencing a "brain drain" of high-net-worth individuals. Changes to domicile rules are driving an exodus of taxpayers. Losing high earners impacts social services and the average person. The Laffer Curve illustrates optimal tax rates for revenue. Startup entrepreneurs can use VAT thresholds for competitive pricing. Partnerships can optimize income tax by splitting profits. Limited Liability Partnerships (LLPs) offer protection and tax benefits. Tax planning must align with legal entity structure. HMRC scrutinizes property incorporation schemes. Section 24 (Tenant Tax) significantly impacts buy-to-let landlords. Furnished Holiday Lettings tax rules have become less generous. Unmarried couples face distinct capital gains and inheritance tax challenges. Marriage invalidates previous wills in the UK. Pension inheritance tax rules have changed, impacting legacy planning. Proactive tax planning is essential to avoid detrimental surprises. "To know and not to do is to not know." "People who fail to plan, plan to fail." Sound Bites "Life started from a tax point of view when my mum... went to see her accountant." "The image of accountancy is that it's like men in grey suits and... it's quite boring but it's not at all." "You gotta keep on reading about tax and learning about it." "There seems to be a bit of an exodus from the UK right now." "If the 1% the top 1% go, who's gonna pay the tax?" "You just gotta kind of block out the noise and just keep your eyes focused on whatever it is that you want." "I'm going in there to collect as much as I possibly can." "It's a very YouTube idea, I love it." "Recovery is very important in our sport." "Come as you are, leave as more." "Your struggles are not your limitations." "Bravery is speaking truth to power." "Don't just climb the ladder, create an elevator." "Embracing failure is a powerful gift." "Your will wouldn't have said I leave X to my spouse, 'cause you weren't married before. But now you are." "To know and not to do is to not know." "People who fail to plan, plan to fail." Chapters 00:00 – Welcome Back Chris Wilkins! 00:37 – Chris's Journey into Accountancy 02:30 – The Dynamic Reality of Accountancy 04:40 – The UK "Brain Drain" 07:49 – Economic Repercussions 14:33 – Tax Strategies for Startup Entrepreneurs 19:40 – Evolving Business Structures 23:26 – Optimizing for Multiple Businesses 25:58 – Property Ownership & Capital Gains Tax Changes 28:42 – The "Guest House" Case Study 32:40 – The Value of Comprehensive Tax Advice 35:00 – Property Investing Today 43:18 – Tax Implications for Unmarried Couples 46:36 – The Critical Importance of Wills 48:48 – Tax Planning for Retirement 51:51 – Final Thoughts: Plan to Succeed About the Host Jeannette Linfoot is a highly regarded senior executive, property investor, board advisor, and business mentor with over 30 years of global experience across travel, leisure, hospitality, and property sectors. Known for her down-to-earth leadership style, Jeannette champions diversity and inclusion and is passionate about nurturing talent to help others reach their full potential. She hosts Brave Bold Brilliant to inspire and equip leaders to drive impactful change. [Follow Jeannette Linfoot] Website: https://brave-bold-brilliant.com/ LinkedIn: https://uk.linkedin.com/in/jeannettelinfoot YouTube: https://www.youtube.com/@braveboldbrilliant Instagram: https://www.instagram.com/jeannette.linfoot/ Facebook: https://www.facebook.com/jeannette.linfooti/ Podcast: https://podcasts.apple.com/gb/podcast/brave-bold-brilliant-podcast/id1524278970 About the Guest – Chris Wilkins Chris Wilkins is an experienced accountant and tax expert, serving as a key figure at Wilkins Southworth. With a career spanning decades, Chris has navigated complex financial landscapes, from his early days inspired by a traditional accountant to advising on international deals and helping clients optimize their tax positions. He is known for his ability to simplify complex tax legislation, provide strategic advice tailored to individual circumstances, and help businesses and individuals protect and grow their wealth. Chris is a strong advocate for proactive tax planning and staying current with ever-evolving financial regulations.
This week on The Tax Factor, Ola Adigun and Robert Salter ask where the money might come from to fund the major Government spending pledges we've been hearing about. With little room for manoeuvre, Robert suggests the Chancellor may revisit measures such as fuel duty, car benefits, and road tax and could there be a U-turn on previous manifesto commitments? Meanwhile, HMRC continues to battle poor public perception. Will the new outsourcing plans improve customer service, or just add to the frustration? And in a less-than-rhythmic move, HMRC wins a tribunal ruling to impose VAT on personal dance tuition - a decision that could have broader implications for education providers.See omnystudio.com/listener for privacy information.
Morse code transcription: vvv vvv Winter fuel payment U turn in place this year, says chancellor A ha star Morten Harket diagnosed with Parkinsons disease 200 year old condom displayed in Amsterdam museum Are the surprise airfield attacks a turning point for Ukraine Musk turns on Republicans and gives Trumps bill a harder path Scammers stole 47m from HMRC in phishing attack Madeleine McCann Diggers brought in to help with search in Portugal Trump speaks with Putin about Ukraine and Iran Body found in search for stag party Scot missing in Portugal Free school meal rule change to make 500,000 more pupils eligible
Morse code transcription: vvv vvv Musk turns on Republicans and gives Trumps bill a harder path Free school meal rule change to make 500,000 more pupils eligible 200 year old condom displayed in Amsterdam museum Are the surprise airfield attacks a turning point for Ukraine Body found in search for stag party Scot missing in Portugal A ha star Morten Harket diagnosed with Parkinsons disease Trump speaks with Putin about Ukraine and Iran Winter fuel payment U turn in place this year, says chancellor Scammers stole 47m from HMRC in phishing attack Madeleine McCann Diggers brought in to help with search in Portugal
Morse code transcription: vvv vvv A ha star Morten Harket diagnosed with Parkinsons disease Body found in search for stag party Scot missing in Portugal Free school meal rule change to make 500,000 more pupils eligible Are the surprise airfield attacks a turning point for Ukraine Trump speaks with Putin about Ukraine and Iran Musk turns on Republicans and gives Trumps bill a harder path Scammers stole 47m from HMRC in phishing attack 200 year old condom displayed in Amsterdam museum Madeleine McCann Diggers brought in to help with search in Portugal Winter fuel payment U turn in place this year, says chancellor
Send us a textThe technological revolution isn't coming—it's already here, dismantling traditional business models and reshaping our economic landscape before our eyes. McKinsey's recent firing of 10% of its workforce, openly blaming AI disruption, signals a profound shift that extends far beyond consultancies.This episode dives deep into how artificial intelligence is fundamentally altering employment prospects across all sectors. Bill Gates predicts 80% of job losses within a decade, making it essential to understand how these changes will affect your career trajectory—regardless of your industry or position. We explore practical ways to position yourself ahead of this technological wave rather than being swept away by it.The racial dimension of technological change cannot be ignored, as evidenced by Google's $50 million settlement for bias claims and a shocking LinkedIn experiment where a Black woman changed her profile picture to that of a white woman named "Emily"—immediately receiving interview opportunities previously denied to her. These revelations expose the systemic biases being encoded into the very algorithms meant to streamline hiring processes.For working parents, particularly mothers, the post-pandemic push to return to office-based work adds yet another layer of complexity in an already challenging economic environment. The dismantling of flexible working arrangements disproportionately impacts women who often serve as primary caregivers, forcing many skilled professionals out of the workforce entirely.From HMRC's plans to tax interest on savings accounts to the European pharmacy advantages discovered during a Paris trip, this episode offers practical insights for navigating financial challenges in what increasingly feels like a financial police state. The conversation wraps with a comprehensive update on the Diddy trial, examining the testimony and implications of this high-profile case.Understand the forces reshaping our economic reality and equip yourself with the knowledge to thrive rather than merely survive in this rapidly evolving landscape.Sponsorships - Email me: hello@toyatalks.com Cc: toyawashington10@gmail.comTikTok: toya_washington Twitter: @toya_w (#ToyaTalksPodcast) Snapchat: @toyawashington Instagram: @toya_washington & @toya_talks www.toyatalks.comhttps://toyatalks.com/Music (Intro and Outro) Written and created by Nomadic Star
Simon delves into the world of property deal sourcing, offering valuable insights for both aspiring deal sourcers and seasoned investors. He covers the importance of finding great property deals, the criteria for identifying reliable deal sourcers, and the essential compliance measures they should adhere to. You will learn how to assess the quality of deals, the significance of having clear buying criteria, and the benefits of networking within the property investment community. KEY TAKEAWAYS Deal sourcing involves finding investment properties for those who may have the funds but lack the time or expertise to locate good deals themselves. It can be a lucrative opportunity for both investors and aspiring deal sourcers. When looking for a deal sourcer, investors should assess their recent deals, training background, whether they keep some deals for themselves, and their compliance with industry regulations, such as membership in the Property Redress Scheme and registration with the ICO and HMRC. Investors should be cautious of deal sourcers who request upfront payments to find deals. Instead, it's advisable to pay a reservation fee for specific properties once they are identified, ensuring that the investment is based on tangible opportunities. Both investors and deal sourcers need to conduct thorough due diligence. Investors should clarify their buying criteria to act quickly on good deals, while deal sourcers should vet potential investors to ensure they are financially capable and serious about purchasing properties. Currently, there are more sellers than buyers in the market, creating opportunities for both investors and deal sourcers. Engaging in deal sourcing can be a profitable venture, especially for those willing to put in the effort to find and pass on quality deals. BEST MOMENTS "If you're finding great deals that you don't want, instead of wasting those, why not pass them on to other investors and either get paid a fee for that." "A good deal sourcer will have a one-page summary of each deal they found saying why it is a good deal." "If you are selling property to someone, unfortunately, a lot of people use property as a way of laundering money." "My very strong recommendation is do not pay anyone any money up front to find you deals." "Finding deals that you don't want and passing them on to other people is a great way to make extra money." VALUABLE RESOURCES If you want to learn more about how to find the best deals in your area, join Simon for an Indepth 90 minute online Master Class. Register here https://property.isrefer.com/go/DSW/Podcast/ To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/ Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/
It’s a week of big questions and Nimesh Shah and Tomm Adams are on hand to dig into them. Why does HMRC think clawing back Winter Fuel Allowance from wealthier pensioners via self-assessment is even remotely workable? Has anyone noticed fuel duty has remained frozen for nearly 15 years? Why did Walkers take their Popadom VAT case to the Upper Tribunal? As politicians across the spectrum line up to make expensive promises, Nimesh and Tomm ask: who’s actually going to pay for it all as the tax burden soars?See omnystudio.com/listener for privacy information.
HMRC have a problem with poppadoms, Robb started a sticker shop, they talk about PS2 emulation, and finally Apple might like gaming again? This episode is sponsored by Inoreader – Boost Productivity and Gain Insights with AI-Powered Intelligence Tools Walkers' Sensations Poppadoms vs HMRC: the Chip of Theseus Fix ERR_SSL_BAD_RECORD_MAC_ALERT on MacOS Don't @ Me Stickers Robb Knight Shop Stripe Payment Links | Simple Links to Accept Payments PCSX2 Emulator Tony Hawk's™ Pro Skater™ 3 + 4 Nintendo Switch 2 - Wikipedia Apple buys game studio behind Sneaky Sasquatch – Six Colors Apple to Debut Dedicated Gaming App Within Days of Switch 2's Arrival - Bloomberg Send us feedback
This week on The Tax Factor, Heather Self and Roger Holman ask whether Angela Rayner should stop auditioning for Chancellor after her tax policy ideas were leaked and heavily critiqued. Meanwhile, HMRC is getting heat from all directions: the National Audit Office questions its handling of wealthy taxpayers, and the Public Accounts Committee says the tax system is spiralling into complexity, public trust is fading, and confidence in HMRC’s IT overhaul is shaky at best. Scottish Power had a fine reduced to £1 but paid £28 million in compensation. The big question: can that be claimed as tax deductible? HMRC and Scottish Power don’t see eye to eye.See omnystudio.com/listener for privacy information.
In this episode of The Digital Executive podcast, host Brian Thomas speaks with Vivek Kumar, CEO and co-founder of Social Trait, the world's first audience behavior simulation engine. Vivek shares his journey from public service at HMRC and investment banking to launching a breakthrough AI platform in Australia. He reveals how a social media backlash moment sparked the idea for Social Trait, leading to the development of AI-powered virtual audiences that allow brands to preview real reactions before a campaign goes live.Vivek also dives into the technology behind Social Trait, including the platform's ability to simulate millions of AI agents that behave like real consumers. He explains how this drastically shortens research timelines, eliminates the need for traditional focus groups, and helps marketers test everything from message resonance to virality. If you're interested in the future of AI in market research and want to hear how Social Trait is changing the game, don't miss this conversation.
This week on The Tax Factor, Rehana Earle and Neil Insull discuss the closure of the historic Beales department store after 144 years, blamed on rising taxes and a worsening business climate. With the CIPD warning of a prolonged drop in employer confidence, what does the future hold for the UK labour market? Next, they examine a surprising tribunal victory, where a taxpayer successfully argued that their luxury property, complete with marble swimming pool and expansive wine cellar was their main home, defeating HMRC. Finally, could President Trump’s proposed 100% tariffs on TV and film production deal a major blow to Britain’s thriving creative industries?See omnystudio.com/listener for privacy information.
As the new financial year begins, John and Ele explore the real impact of April’s tax changes from rising employer NICs and the scrapping of EV tax breaks to the end of holiday let perks. They discuss the Government’s sweeping new tax reform package, including 39 proposals to simplify the system, reduce compliance costs, and even shrink HMRC’s London footprint. Also, this week, milkshakes may soon face sugar tax, Liverpool sidesteps legislation to bring in a tourist levy, and Wetherspoons fails to convince a tribunal that cider isn’t booze and a £400k R&D clawback case puts HMRC’s stricter claims regime in the spotlight.See omnystudio.com/listener for privacy information.
A scheme from HMRC has helped more than half a million people in the UK to top up their savings with a ‘Help To Save' account. Hywel Davies has been finding who's eligible and how to get started. For more information, visit the Help to Save website - Get help with savings if you're on a low income (Help to Save): How it works - GOV.UK
Welcome to the electrifying kickoff of Season 4 of the UK Flooring Podcast! We're diving in with none other than Sarah Cockerill, the powerhouse co-founder of Cockerill & Co, who brings raw honesty, resilience, and a fresh perspective to the flooring industry. In this episode, Sarah faces a gauntlet of brand-new questions designed to uncover the human side of business, from personal triumphs to industry challenges like menopause and upcoming regulations. Get ready for a rollercoaster of insights, laughs, and real talk that will inspire flooring professionals, contractors, and retailers alike.What's Inside:Sarah shares her excitement about her ongoing house renovation project and the emotional moment of reflecting on her newly built front gates!Discover why Sarah believes success isn't a “pot of gold” but a state of contentment, driven by meaningful client wins and a fulfilling work-life balance.Sarah admits to the myth of having it all together!A candid discussion on the unspoken struggles of menopause for women in flooring, calling for more open conversations.Sarah predicts major changes driven by HMRC regulations and a push for better training and customer experience in the next three years.Where to Find Us:Website: https://theukflooringpodcast.co.uk/Instagram: https://www.instagram.com/theukflooringpodcast/Facebook: https://www.facebook.com/theukflooringpodcastEpisode Sponsored By The InstallerShowExperience InstallerFLOORING at InstallerSHOW 2025!Taking place at the NEC, Birmingham on 24-26 June, InstallerFLOORING will feature the latest tools, systems and materials from top exhibitors. There will also be the opportunity to watch live demos from FITA, watch NICF's Fitter of the Year semi-finals, get hands on with the latest tools and tech, and be in with the chance of winning £10,000!You won't want to miss out. Register for your FREE ticket here· Website: https://www.installershow.com/· Instagram: https://www.instagram.com/installershow/· Facebook: https://www.facebook.com/installershowProduced By: Cockerill & CoReach out on 01325 952548 or email hello@cockerillandco.co.uk.Website: https://www.cockerillandco.co.uk/Instagram: https://www.instagram.com/cockerillandco/Facebook: https://www.facebook.com/cockerillandco/Don't miss this episode—subscribe now for more stories and insights from industry leaders! Hosted on Acast. See acast.com/privacy for more information.
Discover how I got HMRC to pay for a 5-star trip to Spain for me and my wife – and how you can too! In this video, I break down the exact strategy I used to save over £6,600 in taxes on a £5,515 business trip, legally and defensibly. As a business owner, you're getting squeezed by rising taxes and costs in the UK. Don't leave money on the table! Here's what you'll learn: - The 3 key criteria to make business expenses tax-deductible. - How to document trips to save thousands, with real examples from my Spain trip. - Why your accountant might be costing you money – and what to do about it. Ready to keep more of your hard-earned cash? Visit https://CeoPayRaise.com and unlock personalized strategies to boost your take-home pay. Don't miss out – subscribe for more videos on thriving as a UK business owner!
This week on The Tax Factor, Heather and Sarah (celebrate!?) 20 years of HMRC with a look at its latest performance woes, from phone line chaos and missing repayments to the absurdity of pursuing a taxpayer for £600.Also, this week, Holly Willoughby’s agency gets a stern reminder that HMRC doesn’t do celebrity favours, a fake Greggs manager pockets pandemic cash, and a warning about getting caught in VAT carousel fraud. Plus: £150m in tax relief for Jurassic World and Ofgem’s bright idea that richer people should pay more for electricity. What next - tea bags? Loo roll? Audio to download: https://assethub.azets.com/transfer/9866882ddd7ebbd54cb5641bd3a6de08a00caaf357af0b13135469cc883aac68See omnystudio.com/listener for privacy information.
This week we answer questions on the loose theme of capital gains tax and investing via General Investment Accounts (GIAs). Spoiler alert - nothing's as simple as it might seem! Shownotes: https://meaningfulmoney.tv/QA11 01:06 Question 1 Whenever a question comes up in our Facebook group about Capital Gains and GIAs (General Investment Accounts) I get a sinking feeling as I do not know much about that type of account, and I don't have one myself. I am not alone. I have gathered questions from our listeners about capital gains, so in this episode Pete & Roger can tell us all about Capital Gains, Dividends, and anything else we need to know about using a GIA, and other situations which involve capital gains tax. 19:03 Question 2 Hi both, I've recently discovered your podcast and have thoroughly enjoyed my commutes listening to you. Personable and informative. I have a question about selling my buy-to-let property that is in my personal name. My mortgage term is ending in June 2026 and I'd like to sell it for one of better quality that has less issues. I'm currently a higher-rate taxpayer but we're planning to start a family in the next year, meaning I'll be on maternity leave for 12 months which will push my salary down to basic-rate. Impossible to plan when I'll get pregnant but it would be useful to know how HMRC calculates my salary (and over what time period) so that I pay basic-rate CGT when selling my buy-to-let? Apologies for a very wordy question! Thanks a lot and best wishes, Winnie 22:17 Question 3 Hi Pete, I hope you're doing well! I've been really enjoying the Meaningful Money podcast and had a question I'd love to hear your thoughts on the show: In a general investment account (GIA), is it's better to use an income fund to avoid triggering CGT if income is needed (assuming the dividends covers the needs in the short term)? Thanks so much for your wisdom! And keep up the great work on the podcast! :) Best regards, Chloe 26:53 Question 4 Hi Pete, Roger (and Nick who I assume is reading this :-)) I have a question I'd be grateful if you could answer which is around capital gains tax on any shares or funds held outside an ISA/pension. To use an example with higher numbers so that the allowance is used for simplicity: - You have £100k in a GIA - it increases by £10k a year for the first two years; - it's then down £2k in the third - the total value is now £118k - You then want to draw out £10k - How do you work out what capital gains the tax is to be paid on i.e. is the full £10k considered a gain? - Is the withdrawal from the original £100k or from the increase in value i.e. gain? - Would you be better to withdraw up the annual allowance every year and then put it back in to reduce the gain, considering there's no allowance for the impact of inflation? Love the show, keep up the good work in whatever format you decide going forwards - you've made real differences to the way I've managed my investments over the years, especially at scary times like Covid and your book and courses have given my kids the education they need for their long investing lives. Thanks, Dino 36:39 Question 5 Hi Pete & Rodger, I started a deep dive into our overall finances over the Christmas period, to set the picture I am 47, my wife's 42 and we have two children a boy 5 & a girl 3. I received a diagnosis last year which will have a long term impact on my ability to sustain my current level of income & type of work I do. We have a 154k mortgage with 19 years left on the term, with the uncertainty around my health I have decided to target maximum overpayments on the mortgage, this year we can pay 18k extra. My questions are: 1. I plan to save circa 1k per month salary to put into the overpayment pot, I am hopeful that the HL shares will meet past highs and I can use some of that money to top up the salary savings and hit our target. Do I pay tax on the profit I make from selling shares? If it's no more than 3k? I was hopeful I could sell shares annually and withdraw the gains annually, then reinvest in same stock when they dip. I realise that past performance isn't always guaranteed but monitoring since covid the stocks I am invested in are fluctuating from a £15 low to £20 high annually. So looking to sell at £19.5. Is this the best way to use the extra cash at present given the plan to access quickly at times. I have maxed out isa allowance for current FY (2024/25) but will probably pay the 1k per month into an isa in new FY. 2. I am planning to do lump sum overpayment rather than setup monthly, just to give easy access to funds should they be required. I plan to cash in some company SIPPS annually when they aren't taxable (after 5 years) that sum will be on average 1k per year. Will the SIPPS cashed in and gains from HL sales leave me vulnerable to paying capital gains tax? If all goes to plan we could be mortgage free by 2033 approximately and there would be less of a dependency on my salary. Deep down I just want us to be setup financially as best we can with the uncertainty around my health. I would really appreciate your views, love the podcast and it's been a real source of knowledge to me. Best Regards Lee 43:52 Question 6 Hi Pete & Roger, I found your YouTube channel last year and through that the Podcast – both are absolutely fantastic and have helped me and my family so much with many aspects of managing our money and planning our finances. My question relates to if and to what extent capital gains tax can be offset by making SIPP contributions. My wife and I jointly own a buy to let property that we are selling in the new financial year (25/26). When the sale completes, we expect to each have a taxable capital gain of around £30,000. My wife earns around £10k a year from a part time job, therefore most of her gain will be taxable at the lower rate of 18%. For the last couple of years, she has made annual gross SIPP contributions 100% of her earnings (£10,000) which is the maximum gross contribution she can receive basic rate tax relief on. This year, as well as contributing the usual £10,000 gross, (100% of earned income), can she also contribute up to a further £30,000 gross and receive basic rate tax relief on this additional contribution, thus offsetting the CGT paid on the gain from the property sale? If so, with CGT payable at 18% and basic rate tax relief of 20%, contributing the full £30,000 would actually more than offset the CGT (which I fear is too good to be true). If this is the case, is there any other strategy we should be considering to achieve the same or similar outcome? I have really struggled to find definitive guidance around this, so any clarity you can provide will be much appreciated. Many thanks and keep up the great work. Steve
Not unlike the Rolling Stones, Peter Hitchens is ready to toss his TV through the nearest window. He's in accord with the late, great Groucho Marx who was once moved to remark: "I find television very educating. Every time somebody turns on the set, I go into the other room and read a book." Once forced to rent a TV to watch the news before being quickly lured towards shows like Minder, Peter is now wary of the television, to the point he blames it for a lot of the world's woes. Tune in for that. And as the customer friendly ad for the Inland revenue insisted, tax doesn't have to be taxing. Try telling that to Sarah and her circle of friends who have tried and failed to reach the HMRC to query a bill or simply get help. The revenue sent bailiffs to the door of one friend, while another chum had to draw down part of their pension to meet a tax demand. So, here's the question, why are the inland revenue so awful and insistent on treating people like criminals? On our reading and watching list this week: · The Wonder Years · Amusing Ourselves to Death: Public Discourse in the Age of Show Business – Neil Postman · The Great Tax Robbery: How Britain Became A Tax Haven For Fat Cats And Big Business – Richard Brooks To get in touch, email: alas@mailonline.co.uk, you can leave a comment on Spotify or even send us a voice note on Whatsapp – on 07796 657512, start your message with the word ‘alas'. Take our show survey at: https://ex-plorsurvey.com/survey/selfserve/550/g517/250305?list=9 Presenters: Sarah Vine & Peter Hitchens Producer: Philip Wilding Editor: Chelsey Moore Production Manager: Vittoria Cecchini Executive Producer: Jamie East A Daily Mail production. Seriously Popular Learn more about your ad choices. Visit podcastchoices.com/adchoices
Not unlike the Rolling Stones, Peter Hitchens is ready to toss his TV through the nearest window. He's in accord with the late, great Groucho Marx who was once moved to remark: "I find television very educating. Every time somebody turns on the set, I go into the other room and read a book." Once forced to rent a TV to watch the news before being quickly lured towards shows like Minder, Peter is now wary of the television, to the point he blames it for a lot of the world's woes. Tune in for that.And as the customer friendly ad for the Inland revenue insisted, tax doesn't have to be taxing. Try telling that to Sarah and her circle of friends who have tried and failed to reach the HMRC to query a bill or simply get help. The revenue sent bailiffs to the door of one friend, while another chum had to draw down part of their pension to meet a tax demand. So, here's the question, why are the inland revenue so awful and insistent on treating people like criminals?On our reading and watching list this week: · The Wonder Years· Amusing Ourselves to Death: Public Discourse in the Age of Show Business – Neil Postman· The Great Tax Robbery: How Britain Became A Tax Haven For Fat Cats And Big Business – Richard Brooks To get in touch, email: alas@mailonline.co.uk, you can leave a comment on Spotify or even send us a voice note on Whatsapp – on 07796 657512, start your message with the word ‘alas'. Take our show survey at:https://ex-plorsurvey.com/survey/selfserve/550/g517/250305?list=9 Presenters: Sarah Vine & Peter HitchensProducer: Philip WildingEditor: Chelsey MooreProduction Manager: Vittoria CecchiniExecutive Producer: Jamie East A Daily Mail production. Seriously Popular Learn more about your ad choices. Visit podcastchoices.com/adchoices Hosted on Acast. See acast.com/privacy for more information.
This week on The Tax Factor, Heather Self and Rehana Earle look at HMRC scaling back phonelines and webchat services to tackle fraud.They discuss a recent SDLT case where timing could cost a taxpayer their refund, the tribunal sided with the taxpayer, but the battle may not be over yet. Making Tax Digital is expanding to the self-employed and landlords, but a new survey reveals worrying gaps in public awareness, is HMRC doing enough to get the message out? And arise Sir Jeremy Hunt!See omnystudio.com/listener for privacy information.
There will be no compensation for more than 46,000 people who lost thousands of pounds each when the funeral plan firm Safe Hands went bust 3 years ago. The regulator - the Financial Conduct Authority - was told this week it should consider compensating them after a report by Rachel Kent, the Complaints Commissioner, set out the FCA's failings over Safe Hands. In response, the FCA has said it does not accept it was at fault, that it did not regulate the funeral planning firm at the time, and no compensation would be paid. This month the Government has announced plans to scrap new leasehold flats, replacing it with a system called commonhold already used in Scotland where homeowners collectively own the building and the land. But how will the planned improvements to the rights of existing leaseholders work? There's changes to how 'side-hustlers' report their earnings to HMRC, but it's not a tax cut, how will that work?And there's extra money to help pensioners in Northern Ireland with their heating bills.Presenter: Paul Lewis Reporters: Dan Whitworth and Eimear Devlin Researcher: Jo Krasner Editor: Sarah Rogers.(This programme was first broadcast at 12pm Saturday the 15th of March 2025)
In this week's episode of The Tax Factor, Roger Holman and Neil Insull look at the quiet storm that is April's new tax landscape - changes may have been light in the Spring Statement, but the devil, as ever, is in the (Autumn Budget) detail. In Guernsey, the government has done the unthinkable: opened a tax drop-in centre where people can actually talk to someone. A bold move that feels very different from HMRC’s current approach. There is the curious case of Timothy Bunting v HMRC, where an initially successful taxpayer ended up losing not only the argument, but also his cash and his relief and finally a timely nudge: It’s a good time to review your ISA’s.See omnystudio.com/listener for privacy information.
As usual, we cover lots of ground in this week's Q&A, including tax-free cash recycling, private medical insurance and Lifetime ISAs. Shownotes: https://meaningfulmoney.tv/QA10 00:57 Question 1 Dear Pete & Roger. I'm a long-time listener and love the podcast, especially more so since Roger joined back in season 21. I'm an additional rate taxpayer with income below the threshold for the tapered annual allowance. I have been contributing £45k to my workplace defined contribution pension via salary sacrifice for the last couple of years, and my effective tax relief rate on contributions is 47%. This coming April (2025) I will turn 55 and will be able to access my pension. I am considering increasing my salary sacrifice contributions by £14,000 per year and funding this by taking just under £7,500 PCLS (i.e. tax-free cash) from my pension. Having watched the MeaningfulMoney video on Tax-Free Cash Recycling and checked the HMRC web site, I know this is not considered tax-free cash recycling because the PCLS withdrawals will be below £7,500 per year. However, I don't know if sacrificing £7,500 of tax-free cash in return for £14,000 of new contributions will have any unintended consequences. In retirement I plan to withdraw money via UFPLS and use tax-free cash to minimise my effective tax rate and have no plans to use it to fund large purchases. Have I missed anything? Simon. 04:01 Question 2 Hi Pete, I hope you're doing well! I've been really enjoying the Meaningful Money podcast and had a question I'd love to hear your thoughts on the show: With the long waiting times on the NHS, is having private health insurance a new 'must have' protection or still a 'nice to have'? Thanks so much for your wisdom! And keep up the great work on the podcast! :) Best regards, Chloe 07:05 Question 3 Hi guys - thanks for all you do with this podcast. I've been incredibly fortunate to find you in my 20's and absorb so much useful knowledge. My question is surrounding LISA's. My fiancé and I currently live separately but we're looking to move in together ahead of our wedding this summer. She owns her own home and I currently rent so we'll be moving into her house. Our plan is to live for a couple of years in her (or soon to be our) house as she managed to secure a favourable rate that will help us to save together for our next home. The majority of my current house deposit (around £35k) is in a LISA, however in the last year or so I've quickly realised that our next home together will probably sit above the £450k limit that LISA's allow. Given that we live in a pretty expensive area and want to stay here, is there anything you would suggest? We've thought about me 'buying in' to her current house but we don't want to remortgage and lose the favourable fixed term. Any ideas? Cheers, Joe 11:38 Question 4 Hi Butch & Sundance, my question is about SIPPs & ISAs and tax implications when used with State Pension and a Defined Benefit Pension. I'm planning to retire 7 years before state retirement age (67) and plan to use a DB pension and SIPP in those 7 years. The annual income from the DB pension will exceed the current basic rate income tax annual allowance (£12,570) and withdrawals from the SIPP outside of the tax-free lump-sum, would all incur basic rate income tax. I would like to keep investments that continue to grow, but with the removal of some IHT benefits within a SIPP, is it now worth withdrawing more than I need each year and moving the SIPP investments to a Stocks & Shares ISA over the next 7 years and therefore reduce tax paid over the following 20-30 years from the age of 67? Or am I making more of minor issue than is needed? Keep up the excellent work, Jack 16:36 Question 5 Hi both, Love the podcast! I have a question regarding pensions. I have an employer (defined contribution) pension that had been with one provider (chosen by my employer) for the last 11 years. My Company has recently terminated the agreement and mine and my employers contributions are now all going to the new provider and fund. I chose not to transfer my original pension from the original provider to the new provider, as the existing fund had been performing so well. Following a review of both pensions over the last 6 months, I discovered that my existing pension had continued to be perform very well - over double the return compared to the new pension provider and fund). Whilst I understand I could switch funds with the new provider, my preference would be to do an annual transfer from my new pension fund & provider to the original provider and fund. I cannot seem to find any information on how to do this (all the information online is focused around transferring and shutting the new account - I don't want to do as my employer and personal contributions will continue to be directed to the new provider and fund. Thanks for your help, Matt 21:25 Question 6 Hi Pete and Roger I have a question about pensions for low earners. I have been listening to your show for the past year and loved the simplify and OS series, with your helpful explanations I have managed to get my self employed husband to increase his pension contributions, built up 6 months of emergency funds and have opened our first stocks and shares isa for long term savings. My question is about my pension contributions. I have about 13 years in an NHS pension from before I had children. For the past 8 years ( since the children were born) I have worked very part time or not at all so have not really made much in the way of pension contributions. I am currently 45 and I work seasonally for 4 months of the year. We live comfortably on my husband's income and as mine is irregular income it is not allocated to specific spending. My plan this year was to try and save all my income (about £7000) and contribute to a personal pension (a SIPP?) to catch up on my own pension contributions (I do have an employer one but it's very basic). My question is: if I pay into a personal pension will I still get tax relief added? As my earnings are below the personal allowance I don't pay income tax. I can only find information on the £2880 for none earners or employee pensions. Also how much of my income can I put in a pension? I.e. if I do get tax relief can I only put in 80% of my earnings? Do I also need to subtract my work pension contributions? Thank you for all your amazing work. Best wishes, Lindsey
Grab your copy of my book Charity Finance from A - ZCheck out ExpensePlus and sign up for a month's free trial and 10% off your first year's subscription, using my referral link http://expenseplus.co.uk/r/AI-BANCIn this episode, Aishat sits down - Christhannah Luten and Trish Hewitt - who bring over 40 years of HR experience across U.K. and U.S.. Together, they unpack the big HR questions facing today's organizations:What happens when HR isn't prioritized?How are recruitment and retention changing post-pandemic?What role does AI play in HR today, and what are the risks?How can small businesses and nonprofits manage HR with limited budgets?And how can organizations better support a multi-generational, values-driven workforce?This episode is packed with insights, laughs, and practical takeaways.
How easy is it to get filthy rich selling arms to anyone who'll pay? There may be sanctions, there may be laws, but even though he's the FBI's most wanted fugitive, a Chinese arms dealer and manufacturer has evaded arrest for two decades. Who could be better to investigate one of the world's most dangerous men and tell this story than Panama Papers journalists? Taxcast host Naomi Fowler speaks to Frederik Obermaier about the book The Chinese Phantom: the Hunt for the World's most Dangerous Arms Dealer. What does it tell us about sanctions and financial secrecy at a time of rising autocracy and global insecurity? Also in this episode: the latest on efforts by powerful people to block the US's Corporate Transparency Act which was supposed to set up a register of the real owners of companies; And, in the UK - a new whistleblower incentive scheme - the tax authority HMRC will give whistleblowers who bring actionable information a cut of between 10 and 25% of any fine that HMRC imposes. Also, as the British government announces welfare cuts affecting the poorest people in the country, there are calls for a windfall tax on banks and a 2% wealth tax on assets above £10 million instead. Featuring: Panama Papers journalist Frederik Obermaier, Whistleblower lawyer Mary Inman, Erica Hanichak of the FACT Coalition, Hannah Dewhirst of Positive Money, Professor Prem Sikka. Produced by Naomi Fowler and Leo Schick of the Tax Justice Network. Transcript of the show: (some may be automated) https://podcasts.taxjustice.net/wp-content/uploads/2025/03/March_25_Transcript-1.pdf Further reading: The Chinese Phantom, the Hunt for the World's Most Dangerous Arms Dealer. (Available in English and in German) https://www.kiwi-verlag.de/verlag/rights/book/bastian-obermayer-frederik-obermaier-die-jagd-auf-das-chinesische-phantom-9783462001396 Also available here but please try to use a local bookshop! https://www.amazon.co.uk/Chinese-Phantom-worlds-dangerous-dealer/dp/1915590698 Tax abuse whistleblowers will earn a share of HMRC proceeds, says UK Finance Minister https://www.theguardian.com/business/2025/mar/26/tax-avoidance-whistleblowers-will-earn-share-of-any-hmrc-proceeds-rachel-reeves-confirms Windfall tax on bank profits in the UK could raise £15bn https://positivemoney.org/press-release/windfall-tax-on-bank-profits-could-raise-ps15bn/ How to raise £60 billion for public services: ten tax reforms from Tax Justice UK https://taxjustice.uk/blog/how-to-raise-60-billion-for-public-services-our-ten-tax-reforms/ Millionaires urge MPs “tax us, the super-rich” to avoid cuts and invest in Britain https://patrioticmillionaires.uk/latest-news/millionaires-urge-mps-tax-us-the-super-rich-to-avoid-cuts-and-invest-in-britain All our podcasts are available on our podcast website https://podcasts.taxjustice.net/
In this week’s Tax Factor, Ele Theohari and Tomm Adams look at a recent VAT tribunal case - are hair transplants a medical necessity or just cosmetic? Meanwhile, HMRC is under fire again. While they’ve launched a dedicated service to clear long-standing PAYE and Self-Assessment queries, MPs are questioning their leadership structure and fairness in customer service. Plus, we break down the latest IR35 data post-2021 reforms, changes to Beneficial Loan Arrangement rates, and the case of a tax evader who admitted he’d been “a silly boy” and has been handed an £850k civil recovery order.See omnystudio.com/listener for privacy information.
This week on The Tax Factor, Ele Theochari and Rehana Earle discuss the latest consultation on Agricultural and Business Property Relief and look at potential implications for farm businesses. They also review proposed changes to cash ISAs and consider whether the Chancellor will align with the needs of everyday savers. And with HMRC testing AI voice authentication, could this be the end of passwords and security questions?See omnystudio.com/listener for privacy information.
This week on The Tax Factor, Nimesh Shah is joined by US tax expert Michael Holland to break down Trump’s latest blunder on VAT; has someone got the wrong end of the tax stick? Meanwhile, Elon Musk is diving into IRS tax data, but Michael warns it might not be the goldmine he expects. And with the cost of running the UK tax system soaring, will HMRC find those elusive efficiencies or are we all in for an even bigger tax bill?See omnystudio.com/listener for privacy information.
This week on The Tax Factor, Nimesh Shah and Ola Adigun dive into the latest tax twists and surprises. Stats released by HMRC show year-end Self-Assessment filings have dropped unexpectedly, despite more people being expected to file. Meanwhile a High-Income Child Benefit Charge case saw HMRC send in the bailiffs over £1,000, Trump’s tariff flip-flopping raises questions, and Ola unpacks a major tribunal ruling on the Tour Operators’ Margin Scheme (TOMS) that shakes up VAT for accommodation resellers.See omnystudio.com/listener for privacy information.