Insights, Updates and Guidance
Our news section shares practical updates on accounting, tax regulations and financial management – written in plain language to keep you informed.
Loans to Participators
There are special rules to prevent close companies, generally companies controlled by a small group of individuals, from allowing directors…March 5, 2026
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What Is a person with significant control?
A person with significant control (PSC) is someone who owns or exercises significant influence over a company. They can also…March 5, 2026
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Meaning of “bona vacantia”
Bona vacantia is Latin term meaning “ownerless goods”. The bodies that deal with bona vacantia claims vary across the United…March 5, 2026
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Reclaiming VAT on a self-build home project
Reclaiming VAT on a self-build home project can significantly reduce the overall cost of building or converting your property. The…March 5, 2026
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Claiming a tax refund from HMRC
If you have paid too much tax to HMRC, you may be able to claim a tax refund. Overpayments can…March 5, 2026
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Changes to reporting of BiKs
Mandatory payrolling of benefits in kind (BiKs) and taxable employment expenses will be introduced from 6 April 2027. This represents…March 5, 2026
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Why disregarding the minimum wage constitutes modern slavery
The National Minimum Wage (NMW) Act 1998 remains contentious, especially after the introduction of the NMW (Amendment) Regulations 2025, as…March 3, 2026
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Spring Statement 2026
The Chancellor’s Spring Statement, presented to Parliament 3 March 2026, was packed with political content that has no real impact…March 3, 2026
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Renewed conflict in the Middle East
Renewed conflict in the Middle East is already having knock on effects for the global economy, and UK business owners…March 2, 2026
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AI and the future of work: why healthcare remains resilient
As artificial intelligence becomes embedded in everyday business activity, many clients are asking how it might affect their industry and…March 2, 2026
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Meaning of trade for tax purposes
The meaning of trade for tax purposes, often referred to as HMRC’s “badges of trade” test helps determine whether an…February 26, 2026
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Which supplies are zero rated for VAT?
Understanding which supplies are zero rated for VAT is essential for any business. A zero-rated supply is still a taxable…February 26, 2026
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