HMRC is continuing to modernise its services as part of the government’s ‘Plan for Change’, aiming to improve efficiency, reduce admin for taxpayers, and close the tax gap. Here’s what’s…
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As we enter the 2025/26 tax year, there are a few important updates on Capital Gains Tax (CGT) and Inheritance Tax (IHT) that could impact business owners, farmers, and anyone…
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Don’t forget, some big changes to the national insurance contributions (NICs) paid by employers will come into effect from 6 April 2025. These include: The rate of employers’ NICs will…
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HMRC’s Making Tax Digital for Income Tax (MTD for IT) is moving ahead, with new updates coming into effect soon. From 6 April 2026, the rules will apply to sole…
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Whether you're selling online, renting out a spare room, or walking dogs in your spare time, it’s important to know when HMRC expects you to report income. Key points: If…
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If your income exceeds £60,000 and Child Benefit is being paid for a child living with you, you may be liable to pay the High-Income Child Benefit Charge (HICBC) even…
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After more than four decades in accountancy, Jim McEwen is finally closing Excel for the last time, and heading off into a well-earned retirement. Jim’s story began in 1983, when…
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Overview Handling payroll in-house was becoming a challenge for YoYo Games Ltd, especially after their finance lead moved on. Kerry, their HR Manager, knew they needed a more reliable solution.…
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