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.
VAT Flat Rate Scheme – what is a limited cost trader?
The VAT Flat Rate Scheme is designed to simplify the way a business accounts for VAT and, in doing so,…April 16, 2026
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Settlor retains interest in settled property
The settlements legislation is designed to ensure that where a settlor retains an interest in settled property, the income arising…April 16, 2026
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Car and travel expenses if self-employed
If you are self-employed, it is important to understand which car and travel costs are allowable for tax purposes. You…April 16, 2026
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Tax relief when incorporating a business
When a sole trader or partnership transfers a business to a company, a chargeable gain may arise. This is calculated…April 16, 2026
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Filing obligations for private limited companies
Those responsible for the accounts and tax compliance of private limited companies must ensure they are fully aware of the…April 16, 2026
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Reducing domestic energy costs
Energy costs remain a significant pressure on household budgets, and reducing consumption continues to be one of the most reliable…April 13, 2026
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Increase in employment costs 2026-27
From April 2026, the National Minimum Wage and National Living Wage rates have increased, and businesses should ensure payroll systems…April 13, 2026
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Tax Diary May/June 2026
1 May 2026 - Due date for corporation tax due for the year ended 30 July 2025. 19 May 2026…April 13, 2026
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New rules for working from home from April 2026
The rules on claiming tax relief for working from home are changing for the new 2026-27 tax year. In most…April 9, 2026
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MTD – when the quarterly returns to HMRC are due
Making Tax Digital (MTD) for Income Tax began on 6 April 2026 for qualifying taxpayers. Those with qualifying income over…April 9, 2026
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Vaping products duty schemes
The new Vaping Products Duty (VPD) and Vaping Duty Stamps (VDS) are being introduced from 1 October 2026. In advance…April 9, 2026
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Living away from home?
Private Residence Relief (PRR) is a valuable Capital Gains Tax relief that can eliminate the tax due when you sell…April 9, 2026
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