Still recording your accounts on spreadsheets?
For small and medium-sized enterprises (SMEs), adopting accounting software offers a range of practical benefits that help streamline…
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Landmark economic deal with United States
On 8 May 2025, the UK government announced a landmark trade agreement with the United States, aimed at…
Reversal of requirement to report more detailed employee hours paid
The government has scrapped plans for detailed PAYE reporting of employee hours from April 2026, citing concerns over…
Mandating the Payrolling of benefits in kind update
HMRC has delayed mandatory payrolling of benefits in kind by a year to April 2027, giving employers and…
Income reporting threshold increased
The £3,000 reporting threshold for trading, property, and other income will simplify tax returns—300,000 people could be freed…
Changes to VAT on donations to charities
The government is consulting on new VAT relief for goods donated to charities for free use. Could this…
Electronic invoicing consultation
The government wants your say on e-invoicing. Quicker payments, fewer errors, and better VAT reporting are on the…
How to check employment status
HMRC’s CEST tool gets a revamp from 30 April 2025, with clearer questions and updated guidance to help…
Fresh Ideas for Additional Revenue Streams
For many small and medium-sized enterprises (SMEs), the core business keeps the lights on, but additional income streams…
How to Increase Gross Profit Returns
Gross profit is one of the clearest indicators of how well your business is performing. It’s the money…
Tax Diary June/July 2025
1 June 2025 - Due date for corporation tax due for the year ended 31 August 2024. 19…
Definition of R&D for tax purposes
When claiming tax relief or capital allowances on R&D, it’s crucial to ensure activities meet strict statutory definitions.…
