In the October 2024 Budget, the Government confirmed reforms to Inheritance Tax (IHT) that will take effect from April 2026. The changes will restrict the… Read More »Family businesses most exposed to 2026 IHT reforms
HMRC has confirmed that the upcoming increase in company size thresholds will apply to the off-payroll working rules. From 6 April 2026, more end-client companies… Read More »IR35: Increase in financial thresholds for “small” client company
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
When the Chancellor unveiled £26 billion in additional taxes and higher employer National Insurance contributions (NIC) last autumn, the impact on business confidence was immediate.… Read More »How have the increases in employment costs affected wage growth and hiring?
