Industry News & Updates

 

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.

Spending Review 2025: What It Means for Your Business

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 👇

Read more »

HMRC’s Digital Overhaul: What Small Business Owners Should Expect

HMRC is undergoing a major digital transformation, backed by a £500 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 delivery—changes that will directly impact how small businesses manage their tax affairs.

Read more »

UK Small Businesses Turn to Accountants Amid Soaring Costs

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.

Read more »

HMRC Suffers ÂŁ47M Loss in Sophisticated Tax Fraud

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 money—only HMRC itself has suffered financial losses.

Read more »

New Identity Verification Rules for Company Directors

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.

Read more »

New Buy-Now, Pay-Later Rules Announced

From next year, Buy-Now, Pay-Later (BNPL) firms will need to work within a stricter regulatory framework. Following last year’s consultation, the government has now laid legislation before Parliament to bring BNPL under formal regulation, aiming to end what’s been called the “wild west” of unregulated borrowing.

Read more »

What the New UK-EU Deal Could Mean for Your Business

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.

Read more »

Trade news: Progress, but no big breakthrough

Just as the Bank was cutting rates, the UK government struck a limited tariff deal with the United States. This isn’t 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.

Read more »

Thinking About Your Tax Return?

HMRC have reported that a record number of people- nearly 300,000 - have already filed their 2024–25 tax return, just weeks into the new tax year. While the deadline isn’t until 31 January 2026, it’s worth thinking about it sooner rather than later.

Read more »

Helping Employees Save on Childcare: What Employers Need to Know

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 government’s Tax-Free Childcare scheme can save them up to £2,000 a year per child – and this could be good news for employers as well as employees.

Read more »

New Rules Aim to Curb Sudden Bank Account Closures

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.

Read more »

MTD for Income Tax: Less Than a Year to Go

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.

Read more »

Cuts to import tariffs

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.

Read more »

Over 1,000 Company Directors Banned

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.

Read more »

Child Benefit Increases from 7 April: What Employers Need to Know

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 £26.05 for the eldest or only child and £17.25 for each additional child. This means an annual payment of £1,354.60 for the first child and £897 for each subsequent child. These payments, usually made every four weeks, are automatically into claimants’ bank accounts.

Read more »

Spring Statement: How is your business affected?

The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances.

Read more »

New legislation aims to drive building boom

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.

Read more »

Wages growing faster than inflation

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.

Read more »

Stay Informed. Stay Ahead.

Follow us on social media for the latest industry news, updates, & expert advice!