Whether you are expanding into new markets or launching new products or services, scaling your business is an exciting time. However, scaling too quickly without careful financial planning can cause many profitable businesses to stall. Poor cash flow management puts your business at risk, and you must understand how to prepare your finances before scaling. […]
Read more
The new changes to FRS 102 are in full force for accounting periods beginning on or after 1 January 2026. These changes will affect how your financial performance appears on paper and this is a crucial consideration for lenders and stakeholders who are assessing your business. Businesses need to understand how the changes to revenue […]
Read more
HMRC and Companies House have confirmed that from 1 April, all businesses must use compliant, commercial software to file their company’s tax returns. As of 31 March, the free joint online service, commonly known as the CATO portal, from these two Government bodies has been removed and you must now use software to file company […]
Read more
Capital allowances continue to provide an effective method for businesses to reduce their tax bills, by providing incentives for investment in eligible expenditure – typically plant and machinery. Historically, these reliefs have been subject to change and the 2026/27 tax year is no different, as the Government moves to alter two key reliefs – Writing […]
Read more
Directors and employees claiming work-from-home tax relief will no longer be able to claim it from the start of the new tax year – 6 April 2026. Why is this relief being taken away? The Chancellor announced the removal of the work-from-home relief as part of her latest Autumn Budget. The main reasoning given for […]
Read more
For tax returns for the tax year to 5 April 2026, you must report your dividend income accurately as part of wider personal tax reforms. Directors of close companies must disclose the company name, registration number, specific dividend amounts and their highest percentage shareholding on Self-Assessment returns. Dividends from your own company must also be […]
Read more
For landlords and sole traders bringing in qualifying annual income over £50,000 (not including profit or dividends), Making Tax Digital (MTD) for Income Tax is now mandatory. For income to qualify, it must be earned from self-employment or property rental, exceed the threshold in a tax year and be subject to UK Income Tax. Please […]
Read more
Further administrative changes are on the cards for close companies, as the Government seeks to gain a better understanding of previously difficult-to-distinguish transactions. Close companies – those controlled by five or fewer participators or by directors who are also participators – may soon be required to disclose details of transactions with participators in order to […]
Read more
Making Tax Digital (MTD) for Income Tax has finally arrived and many sole traders, landlords and self-employed individuals will need to comply with the new reporting rules. Since 6 April 2026, those with gross income over £50,000 will need to use MTD-compatible software that submits their new digital reports to HMRC. It can be hard […]
Read more
The recent Autumn Budget introduced a series of tax and policy reforms set to strengthen the UK economy and support long-term growth. For international businesses that are operating, investing or hiring in the UK, these changes can bring new obligations and may require them to reassess their global strategies. Given these changes, it is important […]
Read more
