NEWS Catch up with the latest in accounting news

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

Rolling Over Capital Gains

Rolling Over Capital Gains

Business Asset Rollover Relief, allows taxpayers to defer Capital Gains Tax (CGT) on gains arising from the sale or disposal of certain business assets, provided the proceeds are reinvested into new

Employers, don’t forget to pay Class 1A NIC

Employers, don’t forget to pay Class A NIC

Employers must pay Class 1A NICs for 2024-25 benefits by 19 July (post) or 22 July (electronic). These apply to perks like company cars and private health cover—late payment risks penalties from

Repay private fuel provided for company cars

Repay private fuel provided for company cars

Employees using company fuel for private journeys can sidestep a hefty benefit charge by repaying the full private fuel cost to their employer by 6 July 2025. Miss the deadline, and tax becomes

Company changes you must report

Company changes you must report

Certain company changes—like a new registered address, email, or director—must be reported to Companies House promptly. Failure to update records risks penalties and non-compliance with UK

A return to gender rationality in the office? What does the Supreme Court ruling mean for trans people in the workplace?

A return to gender rationality in the office? What does the Supreme Court ruling mean for trans people in the workplace?

In a landmark ruling, the Supreme Court clarified the legal interpretation of the words ‘sex’, ‘woman’ and ‘man’ in Sections 11 and 212(1) of the Equality Act (EA) 2010 with respect to gender

Top 10 skills every business owner should acquire

Top skills every business owner should acquire

Running a business involves wearing many hats. Whether you are just starting out or looking to grow, developing the right skills can make all the difference. Here are ten practical skills that will

Buying a business – a simple due diligence checklist

Buying a business – a simple due diligence checklist

Before you agree to buy a business, it is essential to carry out due diligence. This means carefully checking the facts and risks so that you can make an informed decision. Here is a basic checklist

Pension tax-free lump sums

Pension tax free lump sums

Turning 55 soon? From April 2028, the minimum pension access age rises to 57. If you are planning to draw your pension, you could take up to 25% tax-free. Make informed choices about your remaining

Deferring gains using Incorporation Relief

Deferring gains using Incorporation Relief

Thinking of transferring your sole trader or partnership business into a limited company? Incorporation Relief can help defer any capital gains tax on assets like goodwill. If the entire business is

Changes to tax status of non-UK domiciles

Changes to tax status of non UK domiciles

From 6 April 2025, the remittance basis for non-doms is abolished. A new UK tax regime now applies to non-domiciled individuals, focused solely on residence. New arrivals can benefit from a 4-year

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