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.
A reminder of tax-free trivial benefits
Employers looking to provide staff with small gifts or seasonal tokens of appreciation should remember the rules for tax-free trivial…May 28, 2026
Read more
Key person policies and tax relief
Many businesses take out “key person” insurance policies to protect against the financial impact of losing an important employee, director…May 28, 2026
Read more
Government measures to ease rising fuel costs
The government has announced a package of measures intended to help motorists and businesses manage rising fuel costs following disruption…May 28, 2026
Read more
Increase in approved mileage rates
The Chancellor of the Exchequer, Rachel Reeves updated Parliament on 21 May 2026 on the Government’s economic response to the…May 28, 2026
Read more
New measures aimed at easing living costs
The Government has announced a new package of measures designed to help households manage rising living costs during the summer…May 25, 2026
Read more
Tougher action on late payments
The Government has introduced a landmark new Bill aimed at tackling the growing problem of late payments to small businesses,…May 25, 2026
Read more
Landlord tax and National Insurance considerations
When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is…May 21, 2026
Read more
VAT Cash Accounting
The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers…May 21, 2026
Read more
Can you claim Business Asset Disposal Relief
Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company, or an individual’s…May 21, 2026
Read more
Verify your ID at Companies House
Identity verification requirements at Companies House became a legal requirement for directors and people with significant control (PSCs) from 18…May 21, 2026
Read more
Fiscal drag explained
The freezing of tax thresholds can result in a phenomenon commonly referred to as 'fiscal drag'. This occurs when tax…May 21, 2026
Read more
Making Tax Digital – which software to use
Making Tax Digital (MTD) for Income Tax is now in force for many self-employed individuals and landlords. Since 6 April…May 21, 2026
Read more
Speak With ABC
If you would like to learn more about the ABC way, and how we can support you, get in touch