The Lodestar Blog
Tax tips, business news, Lodestar expert insight
Building A Sustainable Business! A Path To A Greener Future
In today’s rapidly changing world, sustainability is no longer just a buzzword—it’s a critical component for businesses that want to thrive long-term. Sustainable business practices are essential not only for the health of the planet but also for the growth and...
Making Tax Digital for Income Tax (MTD for IT)
There has been much discussion about Making Tax Digital for Income Tax but what is it and what does it mean for you. What is MTD for IT? MTD for IT is a fundamental change in the way that Sole Traders and landlords report their income to HMRC, moving away from the...
Beanie Bot – A New Team Member?
Please welcome our new member to the Lodestar Dream Team; Beanie Bot! Actually no…scrap that! We love technology here at Lodestar and embrace the benefits that AI can bring to business. BUT, AI will never replace the value of people and what they can bring to the...
Keeping HMRC Happy: Navigating Travel and Entertainment Expenses
The world of business travel and entertainment can be a bit of a minefield when it comes to tax. What can you claim? What can your employees claim? And what will land you with a hefty tax bill? Let's break down the key differences in how the UK tax system treats...
Autumn Budget 2024 Deeper Dive – Businesses
There was a huge amount of information within the budget documents so here are the main points for businesses. What hasn’t changed? The main rate of Corporation tax is still at 25% and appears to be capped for the duration of this parliament Full expensing on capital...
Autumn Budget 2024 Deeper Dive – Individuals
There was a huge amount of information within the budget documents so here are the main points for individuals. What hasn't changed Income tax rates and thresholds remain the same and continue to do so until 2028/29. The government have said that they will then rise...