From April 2025, significant new legal obligations have come into force that will affect almost all UK companies and LLPs. Under the Economic Crime and Corporate Transparency Act 2023, Companies House has started to roll out mandatory identity verification for individuals involved in the formation, ownership, and control of UK-registered entities. This is part of […]
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Artificial intelligence (AI) is no longer just a concept for the future. It is already reshaping how accountancy services are delivered, and these changes are starting to benefit businesses of all sizes. As your accountant, we want to explain what these developments mean in practice and how they can help you. What is changing in […]
The government has confirmed that Winter Fuel Payments will return for the 2025-26 season, providing much-needed support for pensioners facing rising energy bills. This marks a reversal of last year’s controversial decision to suspend the payments and reflects growing concern over the impact of winter costs on older households. The scheme will apply to all […]
At a time when many UK businesses are focusing on recovery, growth, and future planning, a wave of new geopolitical unrest is casting a long shadow over economic stability. In recent months, tensions have intensified globally, with the conflict between Iran and Israel drawing new international concern. Combined with ongoing instability in Ukraine, continued fallout […]
For many business owners, the daily focus is on growth, sales, staff, and operations. Planning an exit often sits far down the priority list, something to deal with “one day.” However, failing to plan for how and when you will eventually leave your business can result in missed opportunities, lost value, and unnecessary stress. Whether […]
Since the recent ITV airing of the Post Office sub-postmasters confrontation with the Horizon accounting software, a flurry of support for the affected individuals have been generated. A news story issued by the Insolvency Service has been added to the list. Entitled: Update: Postmasters impacted by Horizon who may have been made bankrupt They said: […]
The Valuation Office Agency (VOA) is warning business owners to avoid taking advice from agents who approach them to reduce their business rates bills. According to Alan Colston, Chief Valuer at the VOA: “The vast majority of agents are reputable and provide a good service. But there is a small minority promising big reductions in […]
Many of us use online trading platforms to sell unwanted goods or perhaps offer space in our home for rental. If you are creating income in this way and you are earning more than £1,000 from this activity in any one tax year, then you will need to declare these earnings to HMRC. This issue […]
The government has set out the next stages for a number of new Workers’ Rights Acts to support UK workers. In a recent press release they said: “The Employment (Allocation of Tips) Act 2023, which became law in May this year, requires employers to pass all tips on to workers. “Most employers already pass on […]
If you are having trouble paying your tax on time you may be eligible to receive support from HMRC by applying for an instalment payment plan. An online payment plan for Self-assessment tax bills can be used to set up arrangements for paying tax liabilities of up to £30,000. The large majority of taxpayers, who […]