Blog
Income Tax won’t rise according to Treasury minister – but could a further freeze be on the way?
Jul 15, 2025
With speculation increasing and showing no signs of slowing down surrounding the potential for Rachel Reeves’ Autumn Budget to increase taxes, one Treasury Minister has spoken today, suggesting the ‘headline’ rate of income tax will not increase later this year. While ...
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Are you on HMRC’s radar? The rising cost of money laundering compliance breaches
Jul 10, 2025
HM Revenue & Customs (HMRC) recently published its latest round of penalties for businesses breaching money laundering regulations, and the numbers should make any business owner sit up and take notice. Between October 2024 and March 2025, HMRC fined 336 businesses ...
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Earn extra income? HMRC urges you to file your tax return early
Jul 08, 2025
If you have made more than £1,000 from a side hustle last year, you might need to tell HM Revenue & Customs (HMRC), and the earlier you do it, the better. HMRC is now urging people with extra income to check ...
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Is your payroll ready for sick pay reform?
Jul 03, 2025
The countdown is on. From April 2026, the Government will overhaul Statutory Sick Pay (SSP) as part of its Employment Rights Bill reforms. One of the most immediate and impactful changes is the removal of both the three-day waiting period and ...
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Software-only filing and more disclosures – Major changes for small companies
Jul 01, 2025
If you run a limited company, it is important to be aware of some major changes coming to the way company accounts are filed. These changes are part of new legislation, the Economic Crime and Corporate Transparency Act (the Act), and ...
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How changing Capital Gains Tax trends could affect your financial planning
Jun 26, 2025
Capital Gains Tax (CGT) receipts have been on a bit of a rollercoaster over the past couple of years. After hitting a record high of £16.9 billion in the 2022/23 financial year, they dropped by around 23 per cent to £13.1 ...
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Two sides of the tax story – National Insurance up, Capital Gains Tax down
Jun 24, 2025
The latest tax data for the first months of the 2025/26 tax year shows mixed trends. Employers’ National Insurance contributions (NICs) are sharply up, rising by nearly £2 billion in a single month, while Capital Gains Tax (CGT) receipts have fallen ...
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Trading or not? Why income nature matters for BADR
Jun 19, 2025
Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, offers business owners a reduced Capital Gains Tax (CGT) rate on disposals of shares or assets in a trading business. Trading is the key word here. A recent tax tribunal involving ...
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With Tax Freedom Day now in mid-June, are business owners paying more than their fair share?
Jun 17, 2025
For many business owners, the phrase Tax Freedom Day may sound abstract, but it is a concept that is becoming increasingly relevant. This year, Tax Freedom Day in the UK fell on 11 June, meaning that for the first 162 days ...
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Over 100,000 jobs lost – The cost of rising National Insurance on employers
Jun 12, 2025
The release of the latest employment data should serve as a wake-up call for business owners. Over 100,000 jobs were lost in May, the worst figure in four years, with hospitality, tech and retail bearing the brunt. One of the biggest factors ...
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