Insights


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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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June 10, 2024

The importance of a well-drafted will


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The risk of relying on homemade wills was highlighted in a recent case where a will was held to be invalid. Even a well-written will must be kept up to date given the possibility of future inheritance tax (IHT) changes.

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June 7, 2024

Benefits of an outsourced Finance Director


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Most businesses have an accountant, but not all businesses have a Finance Director.  An outsourced finance director could be a first step in you building a comprehensive in-house finance function in your business at a fraction of the cost of hiring.

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June 3, 2024

Have you overlooked a changed tax status?


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With allowances frozen or cut, you may have underpaid tax for 2023/24

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May 31, 2024

2024 tax rates and tax changes


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While the majority of the 2024/25 tax rates were released in the autumn statement, the Chancellor Jeremy Hunt announced some further changes during the Spring Budget in March 2024.

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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 27, 2024

Daily penalties come in for late self assessment returns


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Around 1.1 million taxpayers who failed to submit the self assessment tax return for 2022/23 on 31 January 2024 now face a £10 daily penalty charge by HMRC.

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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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May 6, 2024

Buy-to-let owners selling up


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While the higher rate of capital gains tax (CGT) on residential property disposals has dropped by 4%, from 28% to 24%, from 6 April 2024, the vast majority of landlords who sell up are facing a higher CGT bill when compared to two years ago.

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