Advisory fuel rates If you reimburse fuel or charging costs for employees using a company car for business travel there will be no taxable profit and no Class 1A national insurance, provided the mileage amount paid does not exceed the […]
COMPANIES HOUSE NOTIFICATION
Mandatory Identity verification will be required from 18 November 2025 From 18 November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity under the Economic Crime and Corporate Transparency Act 2023. […]
MAKING TAX DIGITAL FOR INCOME TAX (MTD for IT) What is it?
Making Tax Digital for Income Tax (MTD for IT) forms part of the government’s plan to digitalise the UK tax system. MTD for IT will come into effect in April 2026, and it will change the way landlords and self-employed people submit their income tax […]
Tax Update: Summer 2025
Mandatory payrolling of benefits delayed HMRC has confirmed that the mandatory payrolling of benefits in kind (BIKs) will be delayed to April 2027, giving businesses more time to get to grips with the process. Previously planned for April 2026, the […]
Spring Update 2025
Side-hustle reporting threshold increased The Government has announced plans to increase the threshold above which income from self-employment must be reported via self assessment. Currently, if you earn over £1,000 from self-employment, or a so-called ‘side hustle’ such as babysitting […]
The UK Tax Year 2025-2026 – Important Dates
Don’t take a gamble on your business and personal finances by missing out on important dates. We have documented some key important for you to remember. Key UK Financial Dates VAT Quarters 1 January – 31 March File at HMRC […]
Why Small Businesses Should Hire Us An Accountant
There are numerous advantages for your small business when hiring an accountant, such as us. Here are some of the top benefits to you. Financial Expertise and Compliance A trained accountant will provide professional expertise including tax compliance and the […]