The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessment tax return. HM Revenue and Customs (HMRC) has introduced measures that will mean company directors will need…
From 18 November 2025, identity verification will be mandatory for company directors, members of LLPs and Persons with Significant Control (PSCs). Companies House will not be prosecuting these individuals for failure to comply for the first 12 months, but from…
From January 2026, FRS 102 is going to be changing in a significant way and businesses need to be ready. Any business that prepares accounts under UK GAAP should be aware of the impact the changes will have on how…
A recent survey by Capital on Tap revealed that 79 per cent of small business owners do not have an exit plan. The survey highlighted a mix of reasons behind the lack of preparation for an exit. Emotional attachment was…
With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled out, many sole traders are still not ready. A survey carried out by IRIS earlier this year found that 45…
Small and Medium Enterprises (SMEs) are finding the current economic climate challenging, with many reluctant to invest for fear of losing their business entirely.
As the UK economy continues to be held back by the anticipation of the Autumn Budget, it can feel like many businesses are not able to invest or grow at the moment.
If you are about to start your business or are currently running a small business, it is important that you understand your tax obligations and when you need to pay them.
AI is rapidly becoming a part of every aspect of life and business and you may have been implementing your own AI services to make life easier.
For the second consecutive month, inflation in the UK has stayed at 3.8 per cent which effectively means general costs have stayed at the same price.