Accountancy & Business Blog
Making Tax Digital for Income Tax: How many will be impacted?
HM Revenue and Customs (HMRC) is continuing to innovate and modernise how taxpayers file their returns and report information. It is committed to...
Have you validated your identity with Companies House?
Companies House’ voluntary window to validate your identity is coming to end on the 18 November 2025 with the checks becoming mandatory from that...
Government announce commitment to deliver a genuine living wage: What does that mean for businesses?
Next year’s National Living Wage and National Minimum Wage have been hot topics of discussion with experts warning they must go up to meet the...
UK ‘stealth taxes’: How does this affect my finances?
Unsuspecting taxes that you often pay without realising, such as VAT (Value Added Tax) and the more recent tax freezes, are commonly referred to as...
Is your business eligible for the Employment Allowance scheme?
The Government’s Employment Allowance scheme is an opportunity all businesses can explore but it is important to check if your business fits the...
Lack of data on UK billionaire tax figures is a concern for all
The Public Accounts Committee (PAC) are seeking clarity and understanding after their report revealed HM Revenue and Customs (HMRC) cannot identify...
Income Tax won’t rise according to Treasury minister – but could a further freeze be on the way?
With speculation increasing and showing no signs of slowing down surrounding the potential for Rachel Reeves’ Autumn Budget to increase taxes, one...
Earn extra income? HMRC urges you to file your tax return early
If you have made more than £1,000 from a side hustle last year, you might need to tell HM Revenue & Customs (HMRC), and the earlier you do it,...
Software-only filing and more disclosures – Major changes for small companies
If you run a limited company, it is important to be aware of some major changes coming to the way company accounts are filed. These changes are part...
Two sides of the tax story – National Insurance up, Capital Gains Tax down
The latest tax data for the first months of the 2025/26 tax year shows mixed trends. Employers’ National Insurance contributions (NICs) are sharply...
With Tax Freedom Day now in mid-June, are business owners paying more than their fair share?
For many business owners, the phrase Tax Freedom Day may sound abstract, but it is a concept that is becoming increasingly relevant. This year, Tax...
Directors and the minimum wage – The compliance risks you may be overlooking
Since 1 April 2025, new National Minimum Wage (NMW) and National Living Wage (NLW) rates have applied across the UK, bringing substantial increases...
Class 2 NICs – The hidden issue affecting self-employed taxpayers
Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers. Instead, some are...
HMRC or a scam – can you trust the letters you receive?
There are always going to be bad actors looking to scam reputable businesses out of money and data. The new changes to Companies House and the...
Investors’ Relief under pressure – Why HMRC is tightening its approach
HM Revenue & Customs (HMRC) is writing to taxpayers who claimed Investors’ Relief on their 2023/24 Income Tax Self-Assessment returns but may...
The Bank’s latest rate cut is here, what now for your business?
The Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent. It is the fourth cut in the past 12 months, and...
How to claim a Self-Assessment tax refund during the HMRC phone line pause
HM Revenue & Customs (HMRC) has recently temporarily suspended telephone and webchat services for Self-Assessment repayment requests. This...
Right to work checks – Financial risks and compliance steps for business owners
Right to work checks form an important part of business risk management, particularly now that the Government has increased the financial penalties...
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...
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