Insights

Accounts & Financial

What are the risks for director’s loans?
July 28, 2025

HMRC suffers from too much tax due on interest


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Taxpayers relying on HMRC to sort out the tax due on interest are given a warning.

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Failure to prevent fraud
April 28, 2025

Failure to prevent fraud: New guidance issued


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The failure to prevent fraud offence comes into force on 1st September 2025. Business owners must ensure their company complies with this new legislation.

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Audit Exemption and Thresholds 2025
April 23, 2025

Changes to audit exemption 2025: What you need to know now


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From 6 April 2025, the audit exemption thresholds changed in UK. But what are the new audit requirements and what are the benefits of retaining an audit?

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end of year statutory audit
January 2, 2025

How to prepare for your end of year statutory audit


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“To be prepared is half the victory” as Miguel de Cervantes once said. Don’t let your end of year statutory audit process be intimidating.

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November 11, 2024

The 2025 State Pension increase


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We now have a clear understanding of how much the main State Pension will increase next April.

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November 4, 2024

The cryptic arm of the taxman


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Investors in cryptocurrencies like bitcoin should not forget the tax consequences of their digital wallets, says HMRC.

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October 28, 2024

Making way for E-invoicing


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The government wants businesses to make more use of electronic invoicing to combat VAT fraud and enhance tax collection.

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October 21, 2024

Capital gains tax receipts


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Raising tax rates is a traditional government strategy to increase tax receipts for HMRC, but this may not be the case for capital gains tax (CGT). This is because taxpayers generally have more control over when gains are realised.

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October 15, 2024

HMRC letter asking to verify financial information is a fraud


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Over the years, we have seen many tax scams. However, a new scam alert has recently been issued by HMRC and we’ve recently seen the scam in action.

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October 14, 2024

Tips and troncs – what does it mean for your business?


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Since July, it has been illegal for employers to withhold tips from staff. The payment of tips will probably result in a national insurance contribution (NIC) cost for both employer and employees, but this extra cost can be circumvented if a tronc arrangement is used to distribute tips.

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October 7, 2024

Student loan threshold frozen


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The student loan repayment threshold for England and Wales has been frozen at £25,000 until 2027, to the detriment of many new university students this September.

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September 20, 2024

Family investment companies


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The concept of the family investment company (FIC) is more in vogue in recent years. We have been assisting a number of clients with such structures, to engineer sensible capital and income tax planning strategies.

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