Accountancy & Business Blog
An overview of filing and payment penalties for businesses
Across the major taxes, HM Revenue & Customs (HMRC) issues penalties when tax is not filed or paid on time. The specific rules vary by tax type,...
Time is running out to respond to the open consultation on reforms to APR and BPR
The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance...
Why Trump’s tariffs could have more of an impact on your finances than you realise
As global stock markets reel in response to US President Donald Trump’s sweeping new tariffs, many UK businesses may assume this is a crisis...
Major changes ahead for directors of close companies – New dividend reporting rules from April 2025
From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns....
Spring Statement 2025
Chancellor Rachel Reeves today delivered her Spring Statement, outlining the Labour Government’s economic priorities and reaffirming a commitment to...
Major changes to Inheritance Tax from April – How new residence rules and the end of non-dom status could affect your estate
Major reforms to the UK’s Inheritance Tax (IHT) regime are on the horizon, with sweeping changes, particularly affecting non-domiciled individuals...
How neonatal care leave will affect your payroll and policies
From 6 April 2025, employers will need to accommodate a brand-new statutory entitlement: neonatal care leave and pay. Introduced under the Neonatal...
Road tax changes for electric vehicles – How to secure an extra 12 months tax-free
If you own an electric or low-emission vehicle, you have likely enjoyed the benefit of paying zero road tax. However, from 1 April 2025, all...
HMRC sends letters as next phase of MTD edges closer
From April 2026, the way you report your income tax will change. HM Revenue & Customs (HMRC) is introducing Making Tax Digital (MTD) for Income...
HMRC updates guidance on tax classification of double cab pick-ups
HM Revenue & Customs (HMRC) has issued updated guidance on the taxation of double cab pick-up trucks, clarifying which vehicles will be affected...
Could your company size threshold change in April?
From 6 April 2025, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 will introduce higher company size...
Why an apprenticeship in accountancy could be your best career move
It is National Apprenticeship Week, which means there is no better time to talk about the benefits of starting your career with an accountancy...
Could Employee Ownership Trusts be a smart way to sell your business and protect its future?
For business owners thinking about succession, finding the right exit strategy can be a challenge. Selling to a competitor might mean job losses,...
Mind the gaps – How National Insurance credits can protect your future
For many, National Insurance (NI) contributions might seem like it is working away in the background, quietly building up a record throughout your...
Will the minimum wage rise push graduate workers into unexpected student loan repayments?
The upcoming rise in the National Minimum Wage to £12.21 per hour from April has prompted fresh challenges for businesses, especially when managing...
Charging company electric vehicles – Costs, reimbursements, and tax implications
With the rise of electric vehicles (EVs), many company directors and employees charge their cars at home. If you have a company-provided EV and...
Smart pricing strategies – Protect your business without losing customers
More than half of UK businesses plan to raise their prices in the next three months, according to the British Chambers of Commerce (BCC). Faced...
Planning for tax changes to company cars during their lifecycle
As businesses plan their fleet strategies, recent changes announced in the Autumn Budget are set to impact the tax costs associated with company...
Are you prepared to spot scams this Self-Assessment season?
We are getting ever closer to 31 January 2025 and the Self-Assessment tax return deadline, so businesses and individuals are being urged to stay...
What Christmas perks can your employer offer tax-free?
With Christmas just around the corner, it is time to embrace the festive season, but as a business, you will want to do so without falling foul of...
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