The Chancellor has kept the main pension allowances unchanged but has confirmed a new cap on salary sacrifice arrangements that will apply from April 2029. There had been heated speculation that the Chancellor would change the pension rules to help the government raise taxes, but no changes were announced to the annual allowance (which remains at £60,000) […]

A demerger involves splitting the trading activities of a single company or group into two or more independent entities. This can be facilitated by distributing the assets of a holding company to its shareholders. There are special statutory demerger provisions that are designed to make it easier to divide and put into separate corporate ownership the […]

1 December 2025 – Due date for Corporation Tax payable for the year ended 28 February 2025. 19 December 2025 – PAYE and NIC deductions due for month ended 5 December 2025. (If you pay your tax electronically the due date is 22 December 2025). 19 December 2025 – Filing deadline for the CIS300 monthly […]

The Chancellor’s Autumn Budget, delivered on November 26, 2025, sets the stage for a period of considerable fiscal change over the coming years. While headline income tax rates on earned income remain unchanged for now, the extensions of existing tax threshold freezes, and the introduction of targeted tax increases elsewhere, amount to a significant tax-raising […]

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 […]

The degree of speculation about this year’s Budget announcements was further compounded when the Office of Budgetary Responsibility uploaded their report on Budget changes prior to Rachel Reeves announcements to Parliament. However, there are to be no changes to the main rates of Income Tax, NIC and VAT that affect wage earners across the UK, […]

Most business decisions are shaped by the pressure of the moment. Cash flow, deadlines, staffing changes, and new opportunities often push long term questions to one side. Yet the most resilient businesses tend to be those that step back and take a wider view. Long term planning is not an abstract exercise. It is a […]

From 18 November 2025, Companies House introduced major identity verification requirements for all company directors and people with significant control. This is part of a wider shift towards greater corporate transparency and a stronger response to economic crime. The changes may appear administrative at first glance, but they carry real implications for businesses of all […]

Artificial intelligence has moved rapidly from being a futuristic idea to an everyday business tool. For small firms, AI now offers genuine, low-cost benefits that save time, reduce stress, and improve decision-making. Many of these tools are already built into accounting, marketing, and communication systems that businesses use daily. Below are ten practical ways AI […]

There is growing speculation that the Chancellor may soon raise the basic rate of Income Tax from 20% to 22%. At the same time, it is thought that a corresponding 2% cut in employee National Insurance contributions could be introduced. Together, these changes would shift how the overall tax burden is shared, particularly between working […]