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HMRC are beginning the process of phasing in taxpayers who are self-employed or with income from property over a number of years, so you may be wondering ‘When Will It Affect Me?’.   The limits will be calculated from your latest Self Assessment Tax Return so the current tax year ending 5th April 2025! If…

Ahead of the upcoming 2025 Autumn Budget, which will take place on Wednesday 26th November 2025, we have been considering what taxes might change.   Frozen Tax Allowances The current freeze on income tax allowances, as well as Inheritance Tax nil rate bands, are currently scheduled to end in April 2028.   Over time wage…

On Wednesday 24th September, we were delighted to welcome 19 trainees from across all our offices to our Ely office for an introductory training session. The event was designed to provide an overview of the AAT, ACA, and ACCA training programmes available through the firm, and to help our new starters feel informed and supported…

Are You Ready For The New Way To Do Tax Returns? If you earn an income from a sole trade business or from property, the way in which you complete your tax return is changing. From 6th April 2026 anybody with a total combined income exceeding £50,000 from these two income sources will be mandated…

Business owners returning from holiday might well now be toying with the idea of ‘selling up’. Being away from the business was great for your wellbeing and there were no never ending e-mails or tricky people problems to sort out. With Inheritance Tax changes on the horizon and a rapidly changing business landscape, perhaps you…

The UK’s Childcare Voucher Scheme was replaced by Tax-Free Childcare in October 2018. Although the voucher scheme is still in use, it was closed to new applicants at that time.   From 1st September 2025, free childcare has been extended from 15 to 30 hours per week for children aged nine months to three years…

Every employer must assess all their workers every three years. If any worker has chosen to opt-out more than 12 months before the re-declaration date, they must be re-enrolled into the pension scheme. The employer must then complete a re-declaration to the Pensions Regulators. If your re-enrolment date is approaching, you should receive several emails…

Adopters who are employed are usually entitled to adoption leave and may be eligible to adoption pay.   Employees may be eligible to Adoption leave of up to 52 weeks. If a couple is adopting, only 1 person in the couple can take adoption leave. The partner would be eligible for paternity leave instead.  …

There is now less than a calendar month before the Self Assessment (SA) deadline for registering with HMRC (5 October 2025). Do not delay – register today!!   If you are unsure whether you need to file a SA tax return, did you, between 6 April 2024 and 5 April 2025: Commence working for yourself…

At some point or another, any long-established company will have received a PAYE charge they do not agree with. Until now, the process to query or dispute this charge has been convoluted and time consuming at best. In it’s ongoing drive to simplify all things payroll, HMRC has now launched an online web link to…