TOPIC
MTD for IT’s slower countdown: a mixed blessing?
At a glance Mandatory software filing for company accounts begins 1 April 2027. The changes aim to increase transparency. Small companies will no longer be able to file abridged accounts. Some firms face new software costs. Making Tax Digital (MTD) for Income Tax...
What are the key incentives and tax breaks to unlock EV savings?
At a glance 80% of small businesses want to improve sustainability, with many investing in EVs—making up 75% of UK EV sales in 2023. Businesses...
UK businesses face a big tax hike. So what does it mean for workers and the economy?
Unsurprisingly, business owners are not happy. Since the change was announced last autumn, many have complained about the effect it will have on...
An essential end-of-year reporting checklist for accountants
As the end of the tax year looms on 5 April, it’s crunch time for accountants. Now's the time to ensure you're on top of any changes, such as...
5 compliance challenges UK accountants face in 2025
UK accountants are facing a maze of compliance challenges in 2025. At a glance The IFA's Tim Pinkney identifies five major compliance challenges...
MTD for income tax self-assessment is coming. Here are 5 steps to make sure you are prepared
Image: DDP Law At a glance MTD for Income Tax is set to roll out for sole traders in April 2026 Many small businesses aren’t ready, and their...
Global sustainability heavyweights outline how the new standards will transform UK’s finance profession
Mark Babington, board member of the International Ethics Standards Board for Accountants (IESBA) and Executive Director of Regulatory Standards...
The UK would be lucky to avoid US tariffs – but a global trade war would hurt everyone
One of the first decrees centred on Trump’s favourite word: tariffs. He announced that US consumers and businesses would be taxed an extra 25%...
What are the benefits and risks of outsourcing in accounting?
For accountants, outsourcing certain areas of work can lower costs, free up resources and fill skills gaps. At the same time, outsourcing...
Businesses spend billions to navigate tax system as trust wanes
Image: 160402-UKGH16-101 by W N Bishop under Attribution-NonCommercial 2.0 Generic licence. At a glance British businesses are spending a...
Why supermarkets are siding with farmers over inheritance tax
The proposals to cut certain agricultural reliefs sparked protests by farmers across the UK. Currently, farms benefit from 100% relief on...
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