Family businesses most exposed to 2026 IHT reforms
In the October 2024 Budget, the Government confirmed reforms to Inheritance Tax (IHT) that will take effect from April 2026. The changes will restrict…
Category Blog
IR35: Increase in financial thresholds for “small” client company
HMRC has confirmed that the upcoming increase in company size thresholds will apply to the off-payroll working rules. From 6 April 2026, more end-clie…
Company Electric Car – HMRC introduces two separate rates
HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees using a company car. Rev…
HMRC updates the factsheet for self-review of the National Minimum Wage
With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates in the near future, HM…
New shareholder dividend reporting requirements are fast approaching
The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessm…
Big changes are coming to FRS 102 – How can you prepare?
From January 2026, FRS 102 is going to be changing in a significant way and businesses need to be ready. Any business that prepares accounts under UK …
Eight in 10 small business owners have no exit plan – Do you?
A recent survey by Capital on Tap revealed that 79 per cent of small business owners do not have an exit plan. The survey highlighted a mix of reasons…
Making Tax Digital – Understanding the new penalty regime
With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled out, many sole traders are still not ready. A…
Full expensing – Are you missing out?
Full expensing was introduced in 2023 as a major change to capital allowances, allowing businesses to deduct the full cost of qualifying plant and mac…
Are tax rises on the horizon? What recent activity at The Treasury means for you and your business
While the 2025 Spending Review focused on long-term investment rather than introducing new taxes, the scale of spending suggests that future tax rises…