With a New Year upon us, it’s a good time to take stock and consider what key trends might help shape small business success in 2026. As interest rates and inflation stabilise, but economic growth looks more uncertain, it’s likely that operational efficiencies will be the key to success this year. So as a business […]
It’s safe to say that this Autumn’s Budget is possibly one of the most shambolic of recent times. After months of speculation, the Chancellor Rachel Reeves shared a speech which contained very few surprises following numerous media briefings and, rather embarrassingly, a leak of the full OBR report before she even stood up. The main […]
As the self assessment deadline fast approaches, and with AI growing in use, it’s inevitable that many taxpayers are considering whether AI can offer a shortcut for this year’s submission. So are you tempted to use AI – and should you even try? It’s clear that AI is creeping into many aspects of our lives. […]
Holding shares in a company can amount to a sizeable asset, especially when you’re planning what will happen to your estate after you die. Depending on the way the business is structured will impact on how your assets are handled so it’s sensible to consider what you might need to do for inheritance purposes. Generally […]
HMRC has announced that it is abandoning its plans for Making Tax Digital for Corporation Tax (MTD for CT). The news came in the tax authority’s recent Transformation Roadmap. The focus is now on ensuring that any future administration of CT is well suited “to the varying needs of the diverse CT population”. Clearly the […]
Offering competitive employee benefits is crucial for SMEs, especially to attract and retain talent. But this can be tricky when budgets are tighter than in large companies. The most effective benefits strike a balance between affordability for the business and strong perceived value for employees. So which are best to consider, and do any offer […]
Setting up a business partnership can be an exciting time. Working with other professionals can offer additional skills, and the ability to steer your company successfully with insight, support and guidance from others. There is no legal requirement to have a written partnership agreement in the UK, but they can be a very helpful tool. […]
Offering a staff training budget is an important strategic decision, helping attract and retain employees. Some staff training budgets can be tax exempt in certain conditions too. One of the trickiest issues when running an SME is ensuring you recruit and retain a solid team. Offering opportunities for staff training and professional development can be […]
HMRC has announced that it will be closing its free online service for filing corporation tax returns and company accounts. From next year businesses will now have to pay to file these statutory items. So why the change to these important tax compliance services? Earlier this month, HMRC announced that its online service for filing […]
In the Autumn Budget, Rachel Reeves promised that there would only be one fiscal event each year with no other significant tax changes coming more frequently. So would the Spring Statement offer any surprises? In her Spring Statement on 26th March 2025 the Chancellor Rachel Reeves repeatedly mentioned how the world changes rapidly: economic and […]
If you’re building personal savings, it’s useful to understand at what point you might need to pay tax on your funds. However, recently HMRC has begun to estimate the amount of interest due on your savings and collect it through your tax coding notice. So what do you need to know to avoid paying too […]
The 31 January is deadline day for self-assessment tax returns. And despite the efforts of accountants and individuals the month of January typically involves a last minute scramble for records and receipts. This year, according to data from HMRC, 1.1 million individuals missed the 2023/24 deadline; the same number as last year. The tax […]