How to Protect Sensitive Personal Information in Your Business
The National Cyber Security Centre (NCSC) has released new guidance to help businesses understand and manage the risks of storing sensitive personal information (SPI).
We understand the importance of keeping informed about the latest industry news and updates on accounting regulations.
Our 'Latest News' section is dedicated to bringing you valuable insights, updates, and news that can impact your business.
Whether it's changes in tax laws, new accounting regulations, or industry trends - we've got you covered.
20 Jun 2025 08:00
The National Cyber Security Centre (NCSC) has released new guidance to help businesses understand and manage the risks of storing sensitive personal information (SPI).
18 Jun 2025 08:00
New figures from the Office for National Statistics (ONS) show that UK businesses are easing off on recruitment, with job vacancies dropping by 63,000 between March and May.
16 Jun 2025 15:37
Last week, the Chancellor set out her plans for how government spending will be managed over the next few years. While much of the focus was on public services like the NHS and schools, there are a few key takeaways that business owners should know about đ
14 Jun 2025 09:00
HMRC has released new figures showing that more families are taking advantage of the Tax-Free Childcare schemeâand it could be worth checking if youâre eligible too.
12 Jun 2025 10:43
HMRC is undergoing a major digital transformation, backed by a ÂŁ500 million investment aimed at making 90% of taxpayer interactions digital by 2029/30. This shift is designed to streamline tax processes, reduce paperwork, and improve service deliveryâchanges that will directly impact how small businesses manage their tax affairs.
10 Jun 2025 08:40
As of early June 2025, small businesses across the UK are increasingly turning to their accountants for support as they face mounting financial pressures. A new report from the Office for National Statistics (ONS) reveals that record inflation, rising energy bills, and growing tax burdens are pushing many SMEs to seek expert advice.
6 Jun 2025 11:45
Cybercriminals have targeted HMRC in a complex fraud scheme, using stolen personal data to create or hijack PAYE tax accounts in an attempt to claim fraudulent repayments. Despite the scale of the attack, HMRC has confirmed that no individual taxpayers have lost moneyâonly HMRC itself has suffered financial losses.
5 Jun 2025 09:11
From autumn 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity with Companies House. This is part of the Economic Crime and Corporate Transparency Act 2023, aimed at preventing the misuse of UK companies for illegal activities.
2 Jun 2025 14:48
As we move into the second half of 2025, the UK economy is showing signs of strain, with mixed signals that small business owners should watch closely. Here's a breakdown of the key trends and what they could mean for your business.
30 May 2025 10:00
From next year, Buy-Now, Pay-Later (BNPL) firms will need to work within a stricter regulatory framework. Following last yearâs consultation, the government has now laid legislation before Parliament to bring BNPL under formal regulation, aiming to end whatâs been called the âwild westâ of unregulated borrowing.
29 May 2025 10:00
UK inflation rose to 3.5% in April, according to official figures, up from 2.6% in March and higher than many economists had expected. This is the highest annual rate in more than a year and comes at a time when both households and businesses are facing a mix of rising costs.
27 May 2025 10:00
The UK government has agreed a new trade deal with the European Union, aimed at making it easier to do business across the Channel. This follows recent agreements with the US and India and is being presented as part of a wider effort to support jobs and help businesses grow.
25 May 2025 08:30
Just as the Bank was cutting rates, the UK government struck a limited tariff deal with the United States. This isnât a full trade deal (despite some headlines), but it does make it easier to sell certain goods to the US - like cars, steel and aluminium.
23 May 2025 08:30
If youâre a parent of a 16 to 19-year-old whoâs staying in full-time education or training, HM Revenue and Customs (HMRC) is reminding families to extend their Child Benefit claim by 31 August to avoid the payments stopping altogether.
21 May 2025 10:00
HMRC have reported that a record number of people- nearly 300,000 - have already filed their 2024â25 tax return, just weeks into the new tax year. While the deadline isnât until 31 January 2026, itâs worth thinking about it sooner rather than later.
20 May 2025 08:30
In the last couple of weeks, the Bank of England cut interest rates from 4.5% to 4.25%, and a new âtrade dealâ was announced between the UK and the US. Letâs see what these news items can tell us about the latest developments in the economy.
19 May 2025 08:30
With many families finding out where their child will be starting school this September, now is a good time for working parents to start planning childcare. The governmentâs Tax-Free Childcare scheme can save them up to ÂŁ2,000 a year per child â and this could be good news for employers as well as employees.
16 May 2025 08:30
The government has published its Impact Assessment on the Planning and Infrastructure Bill, which indicates benefits to the economy of potentially up to ÂŁ7.5 billion over the next decade.
15 May 2025 08:30
From 1 July 2025, UK businesses involved in cross-border disputes will benefit from a major change in how their legal judgments are recognised overseas, thanks to new international rules being introduced under the 2019 Hague Convention.
14 May 2025 08:30
The UK government has published draft legislation that would bring cryptoasset services such as exchanges, brokers and custody providers within the scope of financial regulation for the first time. The announcement was made by the Chancellor during a major summit in London as part of UK Fintech Week.
12 May 2025 13:07
The recent wave of cyber attacks on UK retailers, including Marks & Spencer, Co-op and Harrods, is a reminder that no organisation is too big - or too prepared - to be targeted. But while the headlines may focus on the big names, there are important lessons here for businesses of all sizes.
10 May 2025 12:15
From April 2026, banks and payment service providers will face stricter rules around how and when they can close customer accounts, under new legislation aimed at improving transparency and giving people and small businesses more time to respond to account closures.
9 May 2025 12:25
The government has announced plans to address the growing issue of small, forgotten pension pots - a problem affecting millions of workers who change jobs frequently and accumulate multiple small pensions over time.
7 May 2025 12:20
James Murray, the Exchequer Secretary to the Treasury, made a Written Ministerial Statement last week that included a number of tax simplification, administration and reform measures. In total, 39 measures were announced.
2 May 2025 09:11
According to new research, small and local businesses across the UK are increasingly embracing artificial intelligence (AI) tools to improve efficiency and streamline everyday operations.
1 May 2025 09:03
For most businesses today, digital technology is fundamental to operations. With that comes the growing reality that cyber security is no longer just an IT issue - itâs a business owner and board-level responsibility.
29 Apr 2025 08:52
If you're a sole trader or landlord with annual income over ÂŁ50,000, a major change is coming your way. From 6 April 2026, you may be required to keep digital business records and submit quarterly updates to HM Revenue and Customs (HMRC) under Making Tax Digital (MTD) for Income Tax.
25 Apr 2025 09:00
Amidst all the news about increased tariffs in the US, the UK government has announced a cut to zero in import tariffs on a range of 89 foreign products.
23 Apr 2025 09:00
The Insolvency Service has published its latest enforcement outcomes report for 2024-25, and it carries an important message for business owners. More than 1,000 company directors were disqualified over the year, with the majority of cases linked to abuse of Covid support loans.
22 Apr 2025 12:45
In a small bit of good news, Marchâs inflation figures have been released showing a drop to 2.6% from 2.8% in February. The main reason? Lower petrol prices, which has offered some relief for households and businesses alike.
16 Apr 2025 11:39
During April, the Health and Safety Executiveâs (HSE) Working Minds campaign is inviting employers to follow five simple steps that can help to prevent and reduce workplace stress.
9 Apr 2025 15:07
In response to security concerns, HMRC has ceased processing Self Assessment (SA) repayment requests through telephone and webchat services, including the Agent Dedicated Line (ADL).
8 Apr 2025 13:04
The UK Government is currently considering its response to the âreciprocal tariffsâ announced by the US President Donald Trump on 2 April.
4 Apr 2025 13:09
From 7 April 2025, families receiving Child Benefit will see an increase in their payments. HM Revenue and Customs (HMRC) has announced that the weekly rate will rise to ÂŁ26.05 for the eldest or only child and ÂŁ17.25 for each additional child. This means an annual payment of ÂŁ1,354.60 for the first child and ÂŁ897 for each subsequent child. These payments, usually made every four weeks, are automatically into claimantsâ bank accounts.
2 Apr 2025 13:26
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31 Mar 2025 13:12
The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the governmentâs economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances.
31 Mar 2025 11:31
Goldman Sachs published their âThe Growth Agendaâ report last week. This is a report that puts forwards the ideas of small business owners that could help to boost the UK economy.
28 Mar 2025 11:19
As part of the changes being gradually introduced by the Economic Crime and Corporate Transparency Act (ECCT), identity verification is set to become a Companies House requirement.
26 Mar 2025 11:29
The new National Living Wage and National Minimum Wage rates will come into force from 1 April 2025.
25 Mar 2025 09:38
The Bank of England held its regular meeting to discuss interest rates last Thursday.
24 Mar 2025 09:37
The government has just announced that thousands of government credit cards will be cancelled as part of a crackdown on wasteful spending. With spending on these cards reportedly increasing fourfold in the last four years, itâs a reminder that keeping an eye on expenses is crucial.
19 Mar 2025 08:57
The Planning and Infrastructure Bill was introduced to Parliament last week. The legislation is being heralded as bringing transformative reforms to the UK building sector that will boost homebuilding and remove obstacles to needed infrastructure.
17 Mar 2025 08:36
Last week, the tax minister responsible for HM Revenue and Customs (HMRC), James Murray, delivered a speech marking the 20th anniversary of HMRC. Previously, the UKâs tax authority was known as Inland Revenue.
11 Mar 2025 14:22
News reported last week said that the Chancellor has put together draft plans for spending cuts to welfare and other government departments.
7 Mar 2025 13:18
A letter from the governmentâs Non-Domestic Rates Team to councils has confirmed the Business Rates Relief measures for 2025/26 announced at the 2024 Autumn Budget. Hereâs a summary...
5 Mar 2025 10:15
The Institute of Chartered Accountants in England and Wales (ICAEW) have published an insight piece based on a study carried out by technology market analyst, IDC.
1 Mar 2025 09:00
Latest figures released by the Office for National Statistics (ONS) show that average wages are continuing to grow faster than inflation. After adjusting for consumer price inflation (CPI), wages rose 3.4% between October and December 2024 when compared with the same period in 2023.
28 Feb 2025 14:09
Inflation figures for January 2025 were released last week and showed a surprising jump to 3.0%, up from 2.5% in December.