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The Chancellor of the Exchequer, Rachel Reeves, presented her 2025 Autumn Budget on Wednesday 26th November. With an aim of addressing the UK’s £22bn fiscal shortfall, she outlined a package of tax and economic measures to be introduced over the next five years. These include the freezing of personal tax thresholds, the extension of National […]
Author Archives: Bayley McTaggart
29
Oct
Oct
When you’re running a business, expenses are an inevitable part of the journey. From supplies and travel to equipment and utilities, most business owners spend money to keep their operations running smoothly. But understanding what counts as a business expense and what you can claim for tax purposes is essential to managing your finances effectively. […]
29
Sep
Sep
For directors of companies, deciding how to pay themselves is more than just a question of income. It’s about achieving tax efficiency, staying compliant with legal obligations, and safeguarding the financial health of the company. This is where a well-thought-out directors’ remuneration strategy becomes essential. Directors’ remuneration refers to all the financial compensation a director […]
04
Sep
Sep
Hiring your first employee is an exciting milestone. But it also brings a series of legal and administrative responsibilities. Getting these right from the start will help you create a strong foundation for your business. Here’s everything you need to know when employing someone for the first time in the UK. Pay and Entitlements You’ll […]
06
Aug
Aug
Switching accountants might seem like a daunting process, but in reality, it’s much simpler than most people think. There are several reasons why you might start looking for a new accountant. One of the most common is poor communication. If you’re constantly chasing your accountant for responses or updates, that’s a red flag. A good […]
07
Jul
Jul
From April 2026, a significant change will come into effect regarding how businesses report tax to HMRC. Under the Making Tax Digital (MTD) initiative, businesses with annual income over £50,000 will be legally required to use compatible digital software to keep tax records, submit tax data, and make payments. This change marks the beginning of […]
26
Jun
Jun
From autumn 2025, individuals involved in UK companies will need to comply with new identity verification rules introduced by Companies House. This legislative change is a major step toward improving corporate transparency, tackling economic crime, and ensuring the UK remains a trusted place to do business. The new rules will apply to anyone who plays […]