What is the Worldwide Disclosure Facility and when should you use it?
Posted on May 1, 2025 Posted in - Blog, Blogs, Business, HMRC
If you have undeclared income or assets held overseas, you may owe tax in the UK. Read more…
Category: Blogs
How trivial benefits can improve employee morale without increasing your tax bill
Posted on April 30, 2025 Posted in - Blog, Blogs
When businesses look to motivate their teams, the focus often lands on salary, bonuses or large-scale perks.
Right to work checks – Financial risks and compliance steps for business owners
Posted on April 29, 2025 Posted in - Blog, Blogs
Right to work checks form an important part of business risk management, particularly now that the Government has increased the financial penalties for non-compliance.
HMRC is closing its free Company Tax Return filing service – what your business needs to do now
Posted on April 24, 2025 Posted in - Blog, Blogs
From 31 March 2026, HM Revenue & Customs (HMRC) will permanently close its free online service for filing Company Tax Returns and annual accounts.
Top Cumbrian accountants respond to fresh dip in business confidence as tax burden bites
Posted on April 24, 2025 Posted in - Blog, Blogs, Press Releases
Leading family-run accountancy firm, Lamont Pridmore, has said business confidence in the North West and across the UK is falling due to the growing burden of taxation. The Cumbrian-based firm, which serves clients
Fewer HICBC penalties – a sign of success, or a reminder to stay compliant?
Posted on April 23, 2025 Posted in - Blog, Blogs, Personal taxes and finances
Recent data from HM Revenue & Customs (HMRC) shows a dramatic fall in penalties issued under the High Income Child Benefit Charge (HICBC) – from over 13,500 in 2018/19 to just 46 in 2024/25.
An overview of filing and payment penalties for businesses
Posted on April 22, 2025 Posted in - Blog, Blogs
Across the major taxes, HM Revenue & Customs (HMRC) issues penalties when tax is not filed or paid on time.
Can nearshoring solve the economic confusion?
Posted on April 17, 2025 Posted in - Blog, Blogs
It is no secret that the ongoing trade wars, tariffs, and tense negotiations have left the world in a perilous place from an economic standpoint.
Making Tax Digital is expanding – here’s what sole traders need to know
Posted on April 16, 2025 Posted in - Blog, Blogs
A significant change is on its way for sole traders, with new rules set to reshape how income is reported and managed.
Time is running out to respond to the open consultation on reforms to APR and BPR
Posted on April 15, 2025 Posted in - Blog, Blogs
The Autumn Budget announced significant changes to reduce Agricultural Property Relief (APR) and Business Property Relief (BPR) under Inheritance Tax (IHT).