The UK's accounting environment is becoming more demanding. Audit quality remains firmly on the agenda. Corporate governance expectations around internal controls have increased. Financial reporting is becoming more digital. Accounting standards continue to evolve.
Making Tax Digital for Income Tax is now live and, for many sole traders and landlords, the first major deadline is fast approaching. If you’re required to use MTD for Income Tax from the 2026/27 tax year, your first quarterly update must reach HMRC by 7 August 2026. But what exactly are you submitting? How accurate do the figures need to be? And is this simply a mini tax return four times a year? Let’s clear up some of the confusion.
For decades, the role of the accountant has been clearly defined - centred on compliance, accuracy, and the preparation of historic financial information. But today, that model is being fundamentally reshaped by technology, client expectations, and the rapid advancement of artificial intelligence (AI).
Are you one for New Year resolutions? We kick off 2025 with a look at the most effective financial resolutions you can make and how to make them work for your business all year round.
It was a month ago that Chancellor Rachel Reeves presented her first Budget. Here’s a reflection at the changes and what they might mean for you.
HMRC has been busy recently, briefing MPs on their approach to R&D compliance. The key question they've focused on is this …
In the four months since the new Labour government came to power, the thoughts of the Chancellor have been subject to much fevered speculation. As she prepares for her first budget since winning the election in July, Rachel Reeves faces the complex task of balancing public finances while promoting economic growth. This article explore the critical factors influencing the upcoming budget.
As home working becomes more common, many people are considering building a dedicated office space at home. Whether it's converting a spare room, an attic, or even constructing an office in the garden, there are important tax considerations to keep in mind. Understanding these will help you make informed decisions and maximise potential reliefs. This article takes a look at a few of these implications.
There's encouraging news on the way for companies who are currently just over the UK's official company size thresholds. From October 2024, the government plans to raise those thresholds. What does this mean? How will companies be affected?
In a bid to encourage Research and Development (R&D) ventures across the UK, HMRC has rolled out a fresh wave of regulations concerning R&D tax claims.
