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Catch up on the latest news in accounting here, from cutting edge bookkeeping technology to self-assessment updates.

What is the High Income Child Benefit Charge?

What is the High Income Child Benefit Charge?

If your income exceeds £60,000 and you or your partner receive Child Benefit, you can now choose to pay the High Income Child Benefit Charge through your PAYE code instead of filing a Self-Assessment

The Marriage Allowance if circumstances change

The Marriage Allowance if circumstances change

Married couples and civil partners could save up to £252 a year by transferring part of one partner’s unused personal allowance to the other, but you may need to cancel the claim if your income or

Understanding the tax implications of divorce

Understanding the tax implications of divorce

When a couple is separating or undergoing divorce proceedings, tax issues are often not the first thing on their minds. However, alongside the emotional challenges, it is important to understand the

Inheritance Tax and CGT relief for national heritage assets

Inheritance Tax and CGT relief for national heritage assets

Certain buildings, land, works of art, and other objects of national significance may be exempt from Inheritance Tax and Capital Gains Tax (CGT) when they are transferred to a new owner. This

Check if you can cash in a Child Trust Fund

Check if you can cash in a Child Trust Fund

HMRC has issued a press release urging 18-23 year olds who have yet to claim their Child Trust Fund (CTF) cash to do so as soon as possible. According to HMRC, over 758,000 young adults in this age

Tax Diary November/December 2025

Tax Diary November/December

1 November 2025 – Due date for Corporation Tax due for the year ended 31 January 2025.

19 November 2025 – PAYE and NIC deductions due for month ended 5 November 2024. (If you pay your tax

Risks of engaging employees as sham contractors

Beware of the risks of engaging employees as sham contractors

Recently, a clear legal precedent confirmed that the nature of an individual’s work is determined by the reality of the actual employment relationship rather than by arbitrary titles. Mr. Gooch worked

Profitability through better management information

Improving profitability through better management information

Many business owners make decisions based on instinct, but intuition alone can be unreliable. Having timely, accurate management information replaces guesswork with insight and leads to stronger

Building financial resilience in uncertain times

Building financial resilience in uncertain times

Every business faces unexpected challenges. Rising costs, supply delays, late payments and sudden changes in demand can all place pressure on cash flow. The businesses that cope best are usually those

State benefits taxable and non-taxable

State benefits taxable and non taxable

Many people rely on state benefits, but it is not always obvious which payments are taxable and which are tax-free.

HMRC’s guidance outlines the following list of the most common state benefits on

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