HM Revenue and Customs (HMRC) has acknowledged an error it made when publishing Valued Added Tax (VAT) figures that may impact the provisional 2025 to 2026 year-to-date receipts.
Read More »A £2.4 billion error: Why you need to ensure your accounting figures are correct
Most business owners who are required to get an audit will likely be aware that there have been plans to reform the way that audits work for many years.
Read More »Is an audit reformation finally happening? Have your say before it’s too late!
Large Language Models (LLMs) like ChatGPT are proving popular with businesses for financial advice, but taking their advice can be dangerous for your company.
Read More »AI’s prominent rise continues but don’t underestimate the importance of accountants
HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees using a company car. Reviewed… Read More »Company Electric Car – HMRC introduces two separate rates
With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates in the near future, HM… Read More »HMRC updates the factsheet for self-review of the National Minimum Wage
The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessment tax return.… Read More »New shareholder dividend reporting requirements are fast approaching
From 18 November 2025, identity verification will be mandatory for company directors, members of LLPs and Persons with Significant Control (PSCs). Companies House will not… Read More »The dangers of non-compliance with the new Companies House ID verification
From January 2026, FRS 102 is going to be changing in a significant way and businesses need to be ready. Any business that prepares accounts… Read More »Big changes are coming to FRS 102 – How can you prepare?
A recent survey by Capital on Tap revealed that 79 per cent of small business owners do not have an exit plan. The survey highlighted… Read More »Eight in 10 small business owners have no exit plan – Do you?
With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled out, many sole traders are… Read More »Making Tax Digital – Understanding the new penalty regime
