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.
Tax diary: October and November 2026
1 October 2026 - Corporation Tax payment is due for companies with an accounting period ending 31 December 2025, unless…September 11, 2026
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Business expenses when costs have a private element
Self-employed people can deduct allowable business expenses when calculating their taxable profits. However, where a cost has both a business…September 10, 2026
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Could simplified expenses save you time and money?
Self-employed people can choose to use simplified expenses to calculate certain business costs using flat rates rather than working out…September 10, 2026
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Are you paying your staff the correct minimum wage?
Employers must make sure their staff receive at least the National Minimum Wage or National Living Wage rate that applies…September 10, 2026
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When is a company dormant for Corporation Tax?
A company does not have to be formally closed to become dormant for Corporation Tax. A company is usually considered…September 10, 2026
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When can a trading loss generate a tax refund
Making a trading loss whilst not ideal can sometimes generate a tax refund. If you are a self-employed individual or…September 10, 2026
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Is your company paying Corporation Tax at the right rate?
The rate of Corporation Tax payable depends mainly on the level of a company’s taxable profits. The main rate is…September 10, 2026
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Could company dividend rules be changing?
The Government has announced plans to consider major changes to the rules governing when companies can make distributions to shareholder.…September 7, 2026
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Nearly 660 employers named for minimum wage failures
The Government has named nearly 660 employers for failing to pay workers the National Minimum Wage, highlighting how costly National…September 7, 2026
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Is your VAT control system strong enough?
A strong VAT control system should clearly identify who is responsible for VAT, document the processes involved and regularly check…September 3, 2026
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Could company distribution rules change?
The tax rules concerning what constitutes a distribution for tax purposes have remained largely unchanged since Corporation Tax was introduced…September 3, 2026
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Predevelopment costs on major developments
Businesses planning major infrastructure and development projects should be aware of a new government consultation on the tax treatment of…September 3, 2026
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