As a law firm operating in the UK, your practice must meet certain requirements set out by the Solicitors Regulation Authority (SRA). These regulations are designed to protect client assets and the integrity of your firm while ensuring the SRA holds up to date information about your practice. Compliance with these regulations, aside from being […]
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Making Tax Digital (MTD) is the Government’s initiative designed to streamline and digitise tax reporting in the UK. While the MTD scheme has been in force for the past few years, changes are approaching, particularly for sole traders, self-employed individuals, and landlords. Below, we outline clearly what MTD is, who it affects, the upcoming changes, […]
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If you have spent any amount of time looking into the world of credit control, you may have become overwhelmed by all the advice that abounds from professionals. What started out as a relatively simple Five Cs mantra has evolved in some places to become the Seven Cs or even the Eight Cs. It is […]
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Recent changes to how mandatory auditing is conducted may have caused you to breathe a sigh of relief. Where once companies with a £10.2 million turnover and/or assets worth more than £5.1 million required an audit, now only companies with a turnover of £15 million and/or assets worth more than £7.5 million will require an […]
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Major changes to Inheritance Tax (IHT) were announced in the 2024 Autumn Budget with a staggered implementation of a variety of tax reforms. The new 2025/2026 tax year brings with it another change to the tax rules ahead of even greater changes in the years to come. You may find yourself wondering if there is […]
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Partner Sarah Squires recently attended the KCCI Business Leaders Networking and Awards event at the America Square Conference Centre, where she had the opportunity to connect with international business leaders and explore developments in technology and AI. She shares her experience below. The KCCI Business Leaders Networking and Awards event at the America Square Conference […]
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Tax planning for high-net-worth individuals (HNWIs) in 2025 requires sharper focus as thresholds tighten and new changes take effect after announcements in the Budget. Staying ahead of these developments will help you maximise allowances, minimise exposure, and protect your wealth. Here are some key areas to consider. Capital Gains Tax allowances are lower than ever […]
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Chancellor Rachel Reeves announced substantial changes to the taxation rules surrounding non-UK domiciled individuals (non-doms) in October’s Budget. These changes will have a big impact on how foreign income, gains, and assets are treated. With the abolition of the remittance basis and new rules for Inheritance Tax (IHT), offshore trusts, and Capital Gains Tax (CGT), […]
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Following the recent Budget announcement, from April 2025, Employer NI contributions are increasing by 1.2 per cent and the Lower Earnings Threshold is being lowered from £9,100 to £5,000. Although the Employers Allowance is increasing from £5,000 to £10,500, the increase in cost could still be substantial to businesses. Businesses will therefore be looking at […]
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