Changes to company accounts on the horizon
Big changes from Companies House from 1 April 2027: digital filing only, fewer options for small firms, and more financial info made public.
Employment status revised for hair and beauty salons
New HMRC guidance helps salon owners clarify employment vs self-employment when renting out chairs – vital for avoiding tax issues.
VAT late payment penalties
It is now more expensive to be late when it comes to making a VAT payment. The slowest payers now face a 250% increase to an annualised rate.
Small employers’ relief
Statutory payments can be problematic to administer for smaller employers, but in a rare instance of generosity HMRC compensates for this.
Lost pensions worth billions unclaimed
EMI reforms from April 2026 expand eligibility and limits, making tax-efficient share options more accessible for growing companies.
Long freeze on individual savings accounts
The experts at Gilberts Chartered Accountants discuss the recent ‘long freeze’ on individual savings accounts.
New company size thresholds from April 2025
Thresholds defining company sizes have not changed since 2016, but revised thresholds are now set to be introduced from 6 April 2025.
The truth about student loans
Freshers starting university this autumn face higher costs for their education due to changes in student loan repayment rules in England.
Tips and troncs – what does it mean for your business?
The cost for both employer and employees for tips can be circumvented if a tronc arrangement is used to distribute tips.
Student loan threshold frozen
The student loan repayment threshold for England and Wales has been frozen at £25,000 until 2027, a detriment to new students this September.