HMRC has issued a warning to taxpayers completing their Self Assessment tax returns that their online software cannot automatically make calculations to account for the mid-year increase in the rate of Capital Gains Tax (CGT) in 2024.
Read More »HMRC warns taxpayers about mid-year Capital Gains Tax changes
The revised version of FRS 102 has now come into effect for accounting periods starting on or after 1 January 2026 and it will affect how your business prepares accounts under UK GAAP.
Read More »The FRS 102 changes are now in effect: What should businesses do now?
We are now in that period of time between the start of the calendar year and the beginning of the tax year.
Read More »As AI advances, why is it still better to use a human accountant?
According to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day.
From 6 April 2026, employees will no longer be able to claim a tax deduction from their earnings in respect of expenses incurred while working… Read More »Employees’ working from home expenses
Many small business owners and self-employed individuals may consider buying a car through their business.
Read More »Should I buy a car through my business or personally?
By now, you may have already begun trying to make your New Year’s resolutions stick, although some may have already been abandoned.
From April 2027, all UK employers will be required to payroll Benefits in Kind (BiKs) rather than reporting them through the traditional P11D process. While… Read More »The clock is ticking down to payrolling Benefits in Kind: What employers need to know
Recent research from the Chartered Institute of Credit Management (CICM) has revealed that 82 per cent of SMEs have faced cash flow difficulties. For many… Read More »Cashflow crisis: Why SMEs continue to struggle
The Employment Rights Act 2025 has reached the end of its parliamentary debate and is set to bring significant changes to UK Employment Law. Employers… Read More »Employment Rights Act 2025 is here – How employers can prepare their payroll
