Insights

Tax, Audit & Accounts

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July 19, 2024

What the new labour government means for business


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Following their victory in the 2024 UK election, the new government have to begin to deliver on their manifesto. Heres what is will mean for businesses.

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June 17, 2024

Electric vehicles can boost income with salary sacrifice


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It may seem counter-intuitive, but taking a pay cut and opting for a salary sacrifice scheme with an electric car can boost take-home pay thanks to tax and national insurance contribution (NIC) savings.

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June 14, 2024

Changes to UK company size limits and impact on audit exemption


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In a move to reduce the UK’s regulatory burden the Government has announced new thresholds for company size classification which subsequently will allow an estimated 132,000 businesses to take audit exemption, if they so choose.

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May 28, 2024

General election 2024: 4 July, UK style


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The Prime Minister Rishi Sunak surprised everybody on 22 May – including many in his own party – with his announcement of a general election on Thursday 4 July.

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May 24, 2024

Are you ready for the updates to UK GAAP?


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On 27 March 2024, the Financial Reporting Council (FRC) issued Amendments to FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and other FRSs – Periodic Review 2024, concluding its second periodic review of the financial reporting standards.

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May 17, 2024

Does my UK subsidiary require an audit?


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In this blog we look at whether a UK subsidiary company will require an audit and the audit exemption criteria that your subsidiary may qualify for.

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April 1, 2024

HMRC ramps up its checks


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There’s no respite for HMRC with inheritance tax (IHT) accounts, undeclared dividend income and gains from share disposals to scrutinise.

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March 15, 2024

Payrolling benefits in kind to become mandatory from April 2026


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HM Revenue & Customs (HMRC) has recently published its plans to fully complete the digitisation of reporting of employee Benefits in kind.

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December 29, 2023

Changes to ISA 600


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ISA 600 (Revised) is a significant step forward in the efforts to enhance the consistent performance of quality group engagements and it also supports the Financial Reporting Council’s (FRC) strategy for renewed confidence and trust in the auditing profession.

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October 13, 2023

VAT and holding companies


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Here’s a basic understanding of what constitutes a holding company and what needs to be considered if you want to recover VAT in a holding company.

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October 2, 2023

Don’t get caught in the VAT penalties net


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Many VAT-registered businesses still find VAT too complex. No surprise then that more businesses than ever are getting hit with penalties for inaccuracies.

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September 25, 2023

Fraud countermeasure drives R&D tax relief changes


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The level of fraudulent claims being made for research and development (R&D) tax relief has prompted HMRC to introduce a new procedure.

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