Accountancy & Business Blog
How can small businesses manage late payments?
With less than a month to go until the Autumn Budget, businesses and individuals are all bracing for the potential economic changes and challenges...
HMRC is worried about director National Insurance Contributions – Are yours accurate?
As different parts of financial regulations change, it can often feel like a challenge keeping pace with everything that needs to be done. HM...
The importance of effectively managing director loans
Many small and medium-sized business owners utilise director loans to access valuable funds to help fix any short-term concerns, like cash flow...
AI’s prominent rise continues but don’t underestimate the importance of accountants
Large Language Models (LLMs) like ChatGPT are proving popular with businesses for financial advice, but taking their advice can be dangerous for...
A guide to VAT for businesses: What you need to know
Running a business provides plenty of challenges, including knowing your tax obligations and when you need to file your tax returns. Part of your...
Understanding your Corporation Tax obligations
If you manage or run an incorporated business such as a limited company, you are required to register for Corporation Tax which means you need to...
The Chancellor confirms the Government will review the Small Business Rates Relief
A recently released report from HM Treasury has confirmed that the Chancellor Rachel Reeves is reviewing the Small Business Rates Relief (SBRR), as...
£18 billion in savings withdrawn as pensioners prepare for Inheritance Tax changes
During the 2024 Autumn Budget, Chancellor Rachel Reeves announced that from 2027, unused pension pots will be taken into account when working out...
A £41.2 billion economic black hole: Will the Chancellor break Labour’s manifesto?
There is growing noise from economic experts who suggest that Chancellor Rachel Reeves may have to break Labour’s manifesto pledge in order to fill...
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...
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