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 […]
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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 […]
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A management buyout (MBO) can be a beneficial option for high-net-worth individuals (HNWIs), whether as part of a succession plan or as a strategic investment opportunity. While MBOS are well established in the UK market, their suitability depends on careful structuring and financial planning. For HNWIs, it is important to understand both the risks and […]
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Since November 2025, it has become a requirement for all company directors and Persons with Significant Control (PSCs) to verify their identity with Companies House. As this must be completed by November this year, it is concerning that many have still not done so. This verification process is part of the UK Government’s efforts to […]
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From April 2026, the National Minimum Wage rates will increase once again, driving up employment costs for many businesses and requiring them to review their payroll processes. If you haven’t considered how these new rates will affect your business, you should do so now. What’s changing in minimum wage rates? From April 2026, the new […]
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For business owners preparing to sell or exit their company, a stricter interpretation of the qualifying conditions for Business Asset Disposal Relief (BADR) and increased scrutiny from HMRC will soon be introduced. These changes may affect the timing of a sale, the structure of your business and the tax you will pay on any gains. […]
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The new tax year is just a few weeks away, starting on 6 April, so allow us to refresh your memory of the key changes in store for 2026/27. Personal tax The Government has decided to continue the Income Tax threshold freeze until at least April 2031, while keeping the tax-free personal allowance at £12,570. […]
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The revised version of FRS 102 accounting standards has already brought new reforms for accounting periods starting on or after 1 January 2026 and now the rules are changing again. The Financial Reporting Council (FRC) has announced further amendments to FRS 102 and FRS 105, affecting how certain businesses present their financial statements. With the […]
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With just a few weeks before Making Tax Digital (MTD) for Income Tax comes into effect on 6 April, the countdown is on. HMRC has been sending letters to thousands of sole traders, landlords and self-employed individuals, warning them their reporting obligations are about to change. Whether you have received your letter or not, you […]
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As of March 2025, ONS reported that there were 2.73 million businesses registered for Value Added Tax (VAT) and/or Pay As You Earn (PAYE) in the UK. Despite this, many business owners are still unsure of their VAT obligations. To help reduce the risk of non-compliance, we have created this VAT fact sheet to answer […]
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