Don’t wait – Get verified today with Companies House From 18 November 2025, all UK company directors must have completed…

HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees…

With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates…

The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to…

From 18 November 2025, identity verification will be mandatory for company directors, members of LLPs and Persons with Significant Control…

From January 2026, FRS 102 is going to be changing in a significant way and businesses need to be ready.…

A recent survey by Capital on Tap revealed that 79 per cent of small business owners do not have an…

With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled…

If you are about to start your business or are currently running a small business, it is important that you…

AI is rapidly becoming a part of every aspect of life and business and you may have been implementing your…

If you manage or run an incorporated business such as a limited company, you are required to register for Corporation…

For the second consecutive month, inflation in the UK has stayed at 3.8 per cent which effectively means general costs…

There’s plenty of pessimism about the UK jobs market at the moment, but not every change is a bad omen.

A recently released report from HM Treasury has confirmed that the Chancellor Rachel Reeves is reviewing the Small Business Rates…

The way pay-as-you-earn (PAYE) taxpayers can make a pension tax relief claim has changed with HM Revenue and Customs (HMRC)…

Given the major changes to Companies House, Making Tax Digital (MTD), and various other regulations in a short space of…

During the 2024 Autumn Budget, Chancellor Rachel Reeves announced that from 2027, unused pension pots will be taken into account…

The Chancellor Rachel Reeves has announced she will deliver her Autumn Budget on Wednesday, 26 November 2025.

After months of uncertainty, Companies House has set the identity-verification deadline as 18 November 2025. From that date, all new…

HM Revenue and Customs (HMRC) has confirmed it uses AI to scan social media posts as part of criminal investigations…

The Treasury is reportedly revisiting Inheritance Tax (IHT) as ministers hunt for extra revenue. While the Chancellor considers several options,…

With UK growth slowing to just 0.3 per cent in Q2, business confidence is fragile. Momentum has faded after a…

When the Chancellor unveiled £26 billion in additional taxes and higher employer National Insurance contributions (NIC) last autumn, the impact…

The Government’s Making Tax Digital (MTD) for Income Tax is now only a matter of months away. It is important…

The Government’s plan for small businesses, also known as The Backing Your Business Plan, is being introduced to support SMEs…

The first week of September is National Payroll Week, and this year sees the 26th one since its inception.

There is growing noise from economic experts who suggest that Chancellor Rachel Reeves may have to break Labour’s manifesto pledge…

It has been confirmed that energy costs will increase by two per cent from October, affecting both households and businesses.

Sometimes small mistakes can have devastating consequences, as WH Smith recently discovered.

HM Revenue and Customs (HMRC) is continuing to innovate and modernise how taxpayers file their returns and report information. It…

Parents have until 31 August 2025 to extend their child benefit claim and HM Revenue and Customs (HMRC) are urging…

It’s no secret that many of the local councils throughout England are on the verge of bankruptcy or have already…

Companies House’ voluntary window to validate your identity is coming to end on the 18 November 2025 with the checks…

Inheritance Tax (IHT) has proven a popular avenue for the Chancellor Rachel Reeves as she attempts to balance the Government’s…

The UK’s economic picture remains uncertain ahead of the Autumn Budget and with the economy growing at a very slow…

Next year’s National Living Wage and National Minimum Wage have been hot topics of discussion with experts warning they must…

As the Government attempts to balance its books, HM Revenue and Customs (HMRC) has revealed over 2.6 million taxpayers will…

If you have concerns about the long-term state of the British financial infrastructure, you are not alone, as the Business…

Unsuspecting taxes that you often pay without realising, such as VAT (Value Added Tax) and the more recent tax freezes,…

HM Revenue and Customs (HMRC) has launched an initial trial that will end the sending of Corporation Tax reminder letters.

Most of us have heard the frightening statistics that half of new businesses fail within three years of opening.

The Government’s Employment Allowance scheme is an opportunity all businesses can explore but it is important to check if your…

HM Revenue and Customs (HMRC) have begun to roll out its ambitious Transformation Roadmap and the first announcement from this,…

Anyone even tangentially involved in UK economics will have noticed that the future is not looking bright.

The Public Accounts Committee (PAC) are seeking clarity and understanding after their report revealed HM Revenue and Customs (HMRC) cannot…

As the Autumn Budget approaches, there is plenty of noise surrounding Rachel Reeves’ plans for current tax rates, whether there…

In addition to rising operating costs and economic uncertainty, many businesses are finding themselves at risk of losing out due…

With speculation increasing and showing no signs of slowing down surrounding the potential for Rachel Reeves’ Autumn Budget to increase…

HM Revenue & Customs (HMRC) recently published its latest round of penalties for businesses breaching money laundering regulations, and the…

More often than not, football clubs are seen as a billionaire’s plaything, where lavish amounts of money are spent at…

If you have made more than £1,000 from a side hustle last year, you might need to tell HM Revenue…

The countdown is on. From April 2026, the Government will overhaul Statutory Sick Pay (SSP) as part of its Employment…

The job market in the UK is facing an unprecedented crisis, and there are signs that it may get worse.

If you run a limited company, it is important to be aware of some major changes coming to the way…

Capital Gains Tax (CGT) receipts have been on a bit of a rollercoaster over the past couple of years.

As all eyes watch the rate of inflation for the impact that it will have on a tumultuous economy, there…

The latest tax data for the first months of the 2025/26 tax year shows mixed trends.

Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, offers business owners a reduced Capital Gains Tax (CGT) rate…

Announced on 11 June 2025, the Spending Review is set to increase day-to-day spending from £517.5 billion in 2025/26 to…

For many business owners, the phrase Tax Freedom Day may sound abstract, but it is a concept that is becoming…

The release of the latest employment data should serve as a wake-up call for business owners.

Managing trading losses effectively can transform periods of difficulty into strategic opportunities, yet many businesses remain unclear about how to…

Since 1 April 2025, new National Minimum Wage (NMW) and National Living Wage (NLW) rates have applied across the UK,…

The annual search for the UK’s most amusingly named small business is back, with entries flooding in for Simply Business’s…

The Government’s decision to halve Business Property Relief (BPR) and Agricultural Property Relief (APR) from April 2026 is already changing…

Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers.

Businesses in the UK are facing increasing financial strain, with new data from HM Revenue & Customs (HMRC) showing that…

Many businesses routinely offer financial support to their directors or employees in the form of loans.

There are always going to be bad actors looking to scam reputable businesses out of money and data.

With less than a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory for…

When it comes to Statutory Sick Pay (SSP), most payroll teams are confident in calculating payments for a single period…

HM Revenue & Customs (HMRC) is writing to taxpayers who claimed Investors’ Relief on their 2023/24 Income Tax Self-Assessment returns…

This week is Mental Health Awareness Week, and an important opportunity to reflect on how we manage wellbeing in the…

Most directors do not expect to face personal tax bills in the millions.

The Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent.

From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel…

The Government has confirmed that the mandatory payrolling of benefits in kind (BIK) and taxable employment expenses will now be…

HM Revenue & Customs (HMRC) has recently temporarily suspended telephone and webchat services for Self-Assessment repayment requests.

If you have undeclared income or assets held overseas, you may owe tax in the UK.

When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks.

Right to work checks form an important part of business risk management, particularly now that the Government has increased the…

From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax…

Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child…

Across the major taxes, HM Revenue & Customs (HMRC) issues penalties when tax is not filed or paid on time.

It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous…

A significant change is on its way for sole traders, with new rules set to reshape how income is reported…

The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax…

The idea of selling a business to its management team has long been part of succession planning in the UK.

Following changes to legislation, HM Revenue & Customs (HMRC) has revised the way it calculates interest on late and early…

As global stock markets reel in response to US President Donald Trump’s sweeping new tariffs, many UK businesses may assume…

No one wants to pay more Inheritance Tax (IHT) than they have to.

1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase…

From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on…

This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from…

The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is…

Major reforms to the UK’s Inheritance Tax (IHT) regime are on the horizon, with sweeping changes, particularly affecting non-domiciled individuals…

HM Revenue & Customs (HMRC) has intensified its efforts to track down unpaid Capital Gains Tax (CGT), with recent figures…

Inheritance Tax (IHT) remains a concern for many individuals seeking to preserve family wealth across generations.

From 6 April 2025, employers will need to accommodate a brand-new statutory entitlement: neonatal care leave and pay.

In a move to simplify tax compliance and boost the economy, the Government has announced that the Income Tax Self-Assessment…

Director’s loans can be a useful way to access company funds, but if not managed properly, they can lead to…

If you own an electric or low-emission vehicle, you have likely enjoyed the benefit of paying zero road tax.

For individuals and business owners looking to preserve wealth for future generations while maintaining control over their assets, Family Investment…

If you own investment property, you may be wondering whether transferring it to a limited company is a smart financial…

From April 2026, the way you report your income tax will change.

It would seem fairly straightforward to point out that running a business without a plan is a bit like setting…

With the National Minimum Wage (NMW) increasing in April 2025, are you sure you are calculating it correctly?

HM Revenue & Customs (HMRC) has issued updated guidance on the taxation of double cab pick-up trucks, clarifying which vehicles…

With significant changes to the Furnished Holiday Let (FHL) regime coming into effect in April 2025, owners of holiday rental…

The latest CIPD survey of over 2,000 UK employers paints a concerning picture.

From 6 April 2025, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 will introduce higher company size…

From 27 January 2025, Companies House has introduced new measures allowing directors to remove their residential addresses from historical filings…

Scammers are increasingly targeting VAT-registered businesses with phishing attacks.

It is National Apprenticeship Week, which means there is no better time to talk about the benefits of starting your…

If you are hoping to maximise your State Pension, you only have two months left to take action before a…

The 31 January Self-Assessment deadline has come and gone, but for 1.1 million taxpayers who missed the cut-off, the consequences…

For business owners thinking about succession, finding the right exit strategy can be a challenge.

We are getting ever closer to the 2025/26 tax year, when changes to payroll regulations announced last year will come…

Side hustles are a great way to boost your income, but they can come with tax obligations.

For many, National Insurance (NI) contributions might seem like it is working away in the background, quietly building up a…

Inheritance Tax (IHT) receipts are climbing, with the first three quarters of the 2024/25 financial year bringing in £6.3 billion…

The next phase of the Making Tax Digital (MTD) initiative is edging ever closer.  

The upcoming rise in the National Minimum Wage to £12.21 per hour from April has prompted fresh challenges for businesses,…

The Autumn Budget brought unwelcome news for investors, with the Government announcing immediate increases to Capital Gains Tax (CGT) rates.

Recent figures show that HM Revenue & Customs (HMRC) recovered £45.7 billion in tax probes in 2024, a £10 billion…

With the rise of electric vehicles (EVs), many company directors and employees charge their cars at home.  

For business owners, sustainability might have been something viewed as a nice-to-have or a PR exercise in the past, but…

For years, double cab pickups have benefited from being classified as goods vehicles for tax purposes, allowing businesses to enjoy…

More than half of UK businesses plan to raise their prices in the next three months, according to the British…

The recent Budget has introduced changes to Capital Gains Tax (CGT) and the taxation of carried interest, aiming to ensure…

The recent Budget has introduced changes to Business Asset Disposal Relief (BADR), a vital tax relief for business owners looking…

Directors’ loan accounts (DLAs) are a common financial tool for owner-managed businesses.

To support the vibrant sector that is the creative industry, the Government offers an array of tax reliefs and expenditure…

Christmas. A time of year for tinsel, turkey, tangerines, and… tax returns?  

As businesses plan their fleet strategies, recent changes announced in the Autumn Budget are set to impact the tax costs…

With the planned abolition of the Furnished Holiday Let (FHL) tax regime in April 2025, owners of FHL properties are…

If you are a sole trader, you must consider the tax implications of owning a van for business use.  For…

We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are…

Congratulations on steering your startup through the challenging early stages!  

Small Business Saturday takes place this week, and this year it comes with exciting news for small business owners.  

With Christmas just around the corner, it is time to embrace the festive season, but as a business, you will…

The HM Revenue & Customs (HMRC) advisory fuel rates, updated quarterly, play an important role in how businesses manage employee…

As the 31 January Self-Assessment tax return deadline approaches, HM Revenue and Customs (HMRC) has issued a stark warning about…

HM Revenue & Customs (HMRC) is introducing real-time reporting for benefits in kind (BiKs) starting in April 2026, meaning businesses…

The Autumn Budget brought clarity to many areas of tax planning, but for family-run businesses, one announcement could prove particularly…

With Christmas just over a month away, many businesses are finalising their plans for seasonal recruitment or are already welcoming…

The Bank of England’s decision to reduce the base rate to 4.75 per cent has triggered changes to HM Revenue…

The Let Property Campaign is an initiative designed by HM Revenue & Customs (HMRC) designed for landlords who may have…

In the recent Budget, Chancellor Rachel Reeves announced that National Minimum Wage (NMW) rates would increase as of April 2025.  

This month is Career Development Month, a perfect opportunity to focus on upskilling your team.  

In a detail that may have been missed underneath the headlines, the recent Budget introduced a change for businesses that…

From higher employer National Insurance (NI) contributions to increases in Capital Gains Tax (CGT) rates, the changes announced in last…

If you want to secure the long-term success of your business, we highly recommend doing some financial forecasting.

Expanding a business is something many entrepreneurs dream of, but it is much easier said than done.

You may already be familiar with Making Tax Digital (MTD), but the extension to Income Tax Self Assessment (ITSA) is…

A recent report from the Financial Times has indicated that Chancellor Rachel Reeves may extend the freeze on Income Tax…

Tax does not have to be the headache that many businesses think it is.

As we approach the Budget, due to be announced on 30 October, one of the key concerns is the potential…

It is the world’s worst-kept secret at this point, but if you have not already heard, the Budget is approaching…

Dividends have long been an important income stream for investors, business owners, and retirees alike.  

The deadline for voluntary National Insurance (NI) contributions is fast approaching, leaving you with little time to fill gaps in…

Lifetime ISAs (LISAs) have become a popular way to save for a first home or retirement, offering a 25 per…

For months, there was speculation that the upcoming Budget could bring major changes to pension tax relief, specifically a move…

PAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions…

Sustainability has become a core part of how businesses are expected to operate, whether we like it or not.   You…

With tax and National Insurance (NI) receipts making headlines, many people are understandably concerned about what this means for their…

In our latest blog, we continue our look ahead to the 2024 Autumn Budget and how it could affect taxpayers.  

Keeping up with tax payments is something every business owner knows is important.   On that note, HM Revenue & Customs…

The burden on small and medium-sized enterprises (SMEs) is already quite heavy due to the current economic climate, but it…

If you’re enjoying the freedom and flexibility that comes with freelancing, you might be wondering if it’s time to take…

Making financial gifts during your lifetime is a thoughtful way to provide for your loved ones while also reducing your…

If your business reimburses employees for business travel in their company cars or if employees are required to repay fuel…

With this week being National Payroll Week, it’s a great time to explore how businesses manage their payroll and if…

As we approach the Autumn Budget on 30 October, speculation is rife about potential changes that could impact taxpayers across…

We’ve all become increasingly savvy when it comes to identifying scams, yet this hasn’t deterred fraudsters, who are finding new…

As more people turn their passion for breeding and selling animals into a source of income, HM Revenue & Customs…

You may have recently received correspondence from HM Revenue & Customs (HMRC) asking you to check if you need to…

As a business owner, managing your income well is vital for sustaining both your business’s health and your personal finances. 

Economic uncertainty often forces businesses to seek ways to reduce expenses without sacrificing quality or service.  

It is the time of year when the job market is populated with new graduates, fresh from receiving their university…

HM Revenue & Customs (HMRC) is reaching out to around 560,000 individuals over the next few weeks regarding their tax…

Storms, heavy rain, and other severe weather conditions can cause major damage to your business premises, leading to costly repairs,…

With the rapid adoption of Artificial Intelligence (AI) across various industries, businesses are increasingly integrating AI into their operations.  

It goes without saying that submitting tax payments promptly is a necessity for businesses, not only to remain compliant but…

Recent Government data has revealed a drop in Capital Gains Tax (CGT) payments and the number of individuals paying it,…

Directors’ loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.  

Starting next year, non-doms will face a tougher tax climate as Labour takes steps to fix what they see as…

As a UK business owner, you should always be looking for new ways to streamline your operations and enhance the…

There have been a lot of political changes in recent months, but the outlook for small and medium-sized enterprises (SMEs)…

The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track…

HM Revenue & Customs (HMRC) has recently issued a warning to employers regarding the proper use of workplace nursery schemes.  

The recent resignation of Gareth Southgate as England manager, after an impressive eight-year tenure, marks the end of an era.  

The recent announcement by HM Revenue & Customs (HMRC) has introduced a change in the way PAYE refunds are processed.  

The recent announcement by the new Labour Government to introduce a National Wealth Fund has sent ripples of excitement throughout…

Even though inflation has dropped a lot from its peak in October 2022 of 11.1 per cent, the highest rate…

Employee share schemes have become increasingly popular over the last few years, particularly with start-ups, scale-ups and tech companies.

Property tax isn’t just a numbers game—it’s a crucial part of owning real estate.

Taking the helm of the family business is an exciting time and an opportunity for you to put your stamp…

We can all agree that with the advancements in Artificial Intelligence (AI) – whether we want it to or not…

Rebranding isn’t just about designing a creative new logo or catchy tagline—it’s about capturing the essence of your company’s identity,…

When you set up your business, it’s important that you recognise the value of data, particularly financial data.

Deepfake technology has made significant advancements thanks to the progress in artificial intelligence (AI), enabling scammers to replicate a person’s…

As an employer, it’s crucial to support your team not only during working hours but also in their personal lives.

The number of electric cars on our roads is rising rapidly. In 2023 alone, the number of new electric vehicles…

It’s Clean Air Day this week, so the focus of the business community is on adopting green practices to become…

In the words of John Kinsella, Director at Watson Buckle: “No business goes global on its own.”

This is a challenging time for ‘non-doms’ in the UK – those individuals which reside in the UK but are…

Setting the optimal price for your products can be difficult to navigate.

If you’re preparing to start your new venture, there are steps you need to take to make your launch as…

Facing your first financial audit can be intimidating, yet it is an essential task for many businesses.

Artificial intelligence (AI) is undoubtedly a major trend in accountancy and tax, with many firms, business clients and Government agencies…

Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what…

From April 2026, the Government’s Making Tax Digital (MTD) initiative will move to target self-employed individuals and landlords.

If you’re a business owner of a limited company, it’s important that you know how to make the most of…

A director’s loan is a form of profit extraction from your company, often used alongside salaries, dividends and expenses.  

Effectively managing your budget is crucial for business success, especially in challenging economic times.

From a tax planning perspective, incorporation of a business into a limited company has long been considered the gold standard…

When your business takes on a new employee, we know that you’re eager to get them settled into their role…

As a business owner, it is natural to continually seek ways to enhance efficiency and resource allocation within your business.

From company cars to private medical insurance and travel expenses to childcare vouchers, benefits in kind (BIK) serve as a…

Are you considering launching a seasonal business? If so, you are beginning an exciting journey that comes with its own…

If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from…

If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the…

The Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises…

The start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic…

HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal…

We can recommend accounting apps to you, but we are fully aware that many of you will have already implemented…

Scaling your start-up is a crucial decision for business owners, as it can directly impact the business’s long-term success.

One of the main ways that the Government encourages the use and commercialisation of innovative intellectual property is through tax…

The 2024/25 fiscal year has just begun, which means your previous allowances and exemptions have reset (as of 6 April).

If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you…

We entered the 2024/25 fiscal year on 6 April and now is the perfect opportunity to take advantage of the…

Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors.

In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office…

If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI)…

Many believe that business plans are only necessary for start-ups and new enterprises.

Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report…

With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes…

The HM Revenue & Customs (HMRC) app was launched in 2023 and has quickly become a key tool for many,…

In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a…

April marks both the start of the 2024/25 tax year and Stress Awareness Month – a coincidence not lost on…

April Fool’s Day, a time of jokes and jests, may have been and gone… 

Tax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need…

The law surrounding redundancy for new parents is set to change from 6 April.

HM Revenue & Customs (HMRC) has initiated a “call for evidence” as part of its ongoing Tax Administration Framework Review,…

In recent developments, HM Revenue and Customs (HMRC) has seen a notable decrease in the number of civil investigation cases…

The recent Spring Budget introduced significant changes to VAT (Value Added Tax) for businesses – particularly around the registration threshold.…

The Marriage Allowance, a scheme introduced by David Cameron in 2015, serves as a pivotal yet often overlooked tool for…

Understanding and adhering to the Corporate Interest Restriction (CIR) rules are a major challenge for many companies. The CIR legislation,…

Digital currencies are rapidly evolving, and the question of “how to tax cryptoassets” is increasingly being asked by governments across…

Unincorporated businesses like sole traders and partnerships are subject to different taxes than limited companies. 

Funding for businesses can come in a range of forms depending on your needs, creditworthiness and projected ability to make…

With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to…

A very common question you hear is, “Do you need to be good at maths to be an accountant?”

We have come across this common misconception time and time again from business owners who want to embrace the power…

Are you ready for the end of the 2023/24 tax year?

If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of…

In a bid to simplify the way in which taxpayers and agents use online services, the Government is rolling out…

Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level.

For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad…

New rules are coming into effect on 4 March 2024 which could impact your business if you are registered in…

For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer…

Retirement planning is a crucial aspect of your long-term wealth management and is essential if you want to be financially…

The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in…

The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as…

HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that…

Management Buyouts (MBOs) present unique opportunities for business growth and transition.

A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as…

With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable…

The UK economy is built on SMEs and innovative entrepreneurs.  

Managing payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential…

Making Tax Digital (MTD) is designed to simplify the tax process for business owners.

Alternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for…

The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law…

The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.

Consistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth.

From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company…

As the deadline for paying any tax approaches, it is crucial you make your payments accurately and on time before…

Although it can have negative connotations, debt is inevitable for most businesses.

The next Income Tax Self-Assessment (ITSA) deadline is just around the corner, so make sure you start the year off…

Environmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice…

If you’re concerned about how rising costs will impact your SME, you’re not alone.

If you employ one or more people for paid work, it’s essential that you have a properly managed payroll.

Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in…

The end of the year and the beginning of another is often seen as a time for reflection. In a…

Charities in the UK face unprecedented challenges according to the NCVO’s Chief Executive Sarah Vibert, who has launched a campaign…

In the realm of charitable fundraising, a significant shift is underway. According to Smee & Ford, there has been an…

As a business owner, you are probably aware of some of the expenses that you could claim back on in…

In the current climate of rising inflation rates, many savers are seeing significant returns on their savings and investments. However,…

The Bank of England’s decision to raise interest rates in the first half of 2023 might not have been well-received…

Recent developments in the Self-Assessment tax return criteria have brought significant changes that everyone who files an Income Tax Self-Assessment…

Similar to many sectors that value innovation and staying up to date, the landscape of tax compliance has seen a…

With the rapid growth of the cryptocurrency and crypto asset sector, traditional tax reporting and enforcement have been struggling to…

Understanding and managing Value Added Tax (VAT) is crucial for businesses that operate internationally – increasingly common in today’s business…

These are critical questions for business owners and individuals with high-value assets to understand to maximise tax reliefs and avoid…

HM Revenue & Customs (HMRC) have been awarded new powers by the Government in a bid to cut off a…

Recent changes in National Insurance Contributions (NICs) have significant implications for self-employed individuals. Any self-employed person must understand what their…

Individual Savings Accounts (ISAs) are a popular method of personal financial planning, offering a tax-efficient way to save and invest…

Businesses must remain compliant with the requirements for reporting and paying VAT, especially with the regular quarterly for VAT under…

While the end of 2023 saw inflation slow down, experts have warned that the chances of a recession in the…

HM Revenue & Customs (HMRC) is now using new powers granted to them by the Government to target a key…

Now that we have entered 2024, our accounting team has been making their predictions and discussing how best to advise…

With the new year right around the corner, you’re bound to have big plans for your business. 

Hybrid vehicles are becoming an increasingly attractive option for businesses.  

To successfully grow your business, you need to not only know your current business position but also where you want…

Recent statistics reveal a significant increase in the amount of annual pension tax relief, exceeding £50 billion for the first…

HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance…

Inheritance Tax (IHT) can be a sensitive and uncertain topic when discussing with loved ones, but it is something that…

Investing in property can be a lucrative venture, but it’s essential to understand the implications of Capital Gains Tax (CGT)…

Accounting standards that impact businesses’ financial reporting are prone to the odd reshuffle every now and then, so it is…

As we approach the 31 January 2024 tax return deadline, it’s crucial for sole traders, to be well-prepared and aware…

Running a small business involves a lot more than juggling logistics. Knowing how to tackle and overcome challenges is an…

Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting…

For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex.

With a General Election looming on the horizon, Jeremy Hunt rose to deliver his second Autumn Statement as Chancellor in…

When making the decision to become a freelancer, you have two options. You can either set up as a sole…

The current economic climate is less than favourable for small and medium-sized enterprises (SMEs).

Starting a freelance career marks a significant transition from traditional employment but it’s a decision that many are nervous to…

The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements. 

There are many financial and legal benefits to being married or in a civil partnership, but one of the most…

As a business grows, its accounting needs become more complex and time-consuming.

The recent Royal Assent of the Procurement Act marks a significant milestone in the evolution of public procurement.

In the unpredictable world of business, it’s not uncommon for companies to experience financial losses.  

Most businesses are already using cloud accounting software to manage their finances. However, not all of them are taking full…

We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.  

The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances.

Capital Gains Tax (CGT) is one of those terms that often elicits a groan from private clients, but understanding its…

In the latest move in their Making Tax Digital (MTD) campaign, HM Revenue & Customs (HMRC) is removing paper VAT…

Among the long list of financial responsibilities that you must handle as a business owner is ensuring PAYE is made…

In today’s digital age, data protection has become a paramount concern for businesses of all sizes.

Management accounts are vital in keeping on top of your business’s performance. But what are they, and how do they…

Recent data from HM Revenue and Customs (HMRC) reveals a significant trend – an increasing number of UK taxpayers are…

As an owner of a small to medium-sized enterprise (SME), juggling numerous responsibilities comes with the territory. Overseeing operations and…

At the latest Conservative Party conference, it was confirmed that the National Living Wage will be officially rising to £11…

HM Revenue and Customs (HMRC) has always been at the forefront of embracing technological advancements to make tax-related processes more…

Your business could benefit from a new scheme being run by HM Revenue & Customs (HMRC).

A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions…

In the dynamic world of business, financial foresight is not just a luxury; it’s an essential ingredient for success.

As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for…

Accounting doesn’t have to be a time-consuming and complicated task.

In order for your business to be both financially secure and successful, you need to ensure you choose the right…

The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs.…

When you’re running a small business, every penny counts, including those you can save through legitimate tax deductions.

In modern businesses, cloud accounting has now become the norm rather than the exception.

While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate…

A Government scheme could help parents save up to £2,000 on their childcare costs through tax reliefs aimed at working…

Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make.