Knowledge Keep up to date with the latest in accounting amendments & requirements

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Welcome to our Knowledge Base

Here you will find lots of useful information relating to HMRC guidelines and the latest in guidance.

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Why industry expertise matters when starting a business

Why industry expertise matters when starting a business

Starting your own business can be an exciting and liberating decision. But passion and ambition alone are rarely enough. One of the most overlooked factors in business failure is a lack of direct

Choosing the right KPI’s for your business

Choosing the right KPI’s for your business

Key Performance Indicators (KPIs) are not just numbers on a dashboard; they are tools to help business owners make better decisions. But with so many metrics available, how do you know which ones

Don’t forget to pay your Class 1A NIC

Don’t forget to pay your Class A NIC

Employers must act now to meet the deadline for paying Class 1A NICs for 2024-25 to avoid HMRC penalties. These contributions are due by 19 July 2025 if paying by post, or by 22 July 2025 for

File and paying CGT after property sales

File and paying CGT after property sales

Capital Gains Tax on certain residential property sales must be reported and paid within 60 days to avoid penalties and interest.

The annual exempt amount applicable to Capital Gains Tax (CGT) is

Struggling to fund your July tax payment?

Struggling to fund your July tax payment?

The second 2024-25 payment on account for self-assessment taxpayers is due on 31 July 2025. If you are finding it difficult to meet this tax bill, there are options available to ease the

Goodbye remittance basis hello FIG

Goodbye remittance basis hello FIG

Since 6 April 2025, the remittance basis of taxation for non-UK domiciled individuals (non-doms) has been replaced by the Foreign Income and Gains (FIG) regime. This shift marks a significant change,

The impact of frozen personal allowances

The impact of frozen personal allowances

The impact of frozen personal allowances often leads to fiscal drag, a situation where individuals pay more tax as their earnings rise without a corresponding increase in allowances.

This occurs

The Employment Allowance – what you can claim

The Employment Allowance – what you can claim

As of April 2025, more employers can claim the increased £10,500 Employment Allowance thanks to relaxed eligibility rules. This increase will help employers reduce some of the impact of the recent

Being paid directly is not a confirmation that you are an employee

Being paid directly is not a confirmation that you are an employee

A Tribunal has provided a landmark ruling over employer-employee status in the context of direct payments made under the Care Act 2014, ruling that an LA was not in fact the direct employer of a

Tax Diary August/September 2025

Tax Diary August/September

1 August 2025 – Due date for corporation tax due for the year ended 31 October 2024.

19 August 2025 – PAYE and NIC deductions due for month ended 5 August 2025 (If you pay your tax electronically the

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