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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…

With a Budget expected in a few months, and the expectation that taxes will need to rise, it appears to have been leaked that the Government are considering charging landlords NIC on their net rental profits. This has brought into focus the possibility of incorporating a property business, to counter this. Along with this potential…

With the potential tax changes that are making the headlines, is it time to plan ahead?   As the 2025 Autumn Statement approaches, as always, speculation is swirling over the potential tax changes that could be implemented. Having already seen significant hikes in the Spring 2025 budget, and with a rumoured £50billion black hole to…

In a recent feature published by both The Times online and The Times newspaper, 15th August, Jordan Smith, based at our March office, has been spotlighted as part of a growing movement that’s challenging traditional education pathways.  The articles, titled “Kids Are Alright With Jobs Straight From School” and “’Straight from school’ does the job”…

There is a vast array of options available to business owners when choosing accounting software. Choosing the right software for you and the business is an important decision, how well you work with and understand your chosen software can make bookkeeping a chore or a simple task.   What should you be looking for when…

Are We Nearly There Yet? Well, yes is the answer and Making Tax Digital for Income Tax (MTD for IT) will finally begin from 6 April 2026, when it becomes mandatory for landlords and the self-employed whose gross income is over £50,000 in the tax year just passed 2024/25, with the introduction of quarterly returns.…

Farming can happen under many different arrangements. Whether that’s in-house, a tenancy where a landowner lets their land to another to farm, a Contract Farming Agreement (CFA) between a landowner (or tenant farmer) and a contractor, casual contracting on an ad hoc basis or machinery sharing. It’s important to understand each option to consider which…

Making Tax Digital for Income Tax requires self-employed businesses and landlords with qualifying income to maintain digital records and submit tax updates to HMRC using Making Tax Digital – compatible software. Quarterly updates will need to be submitted to HMRC providing a snapshot of income and expenses. These are cumulative so that each submission effectively…

There’s Always Something! Welcome to Issue 26 of our Farming Group Newsletter for Spring/Summer 2025, our first since the shock Inheritance Tax (IHT) announcements were made in the Autumn Budget 2024. Ironically for many, the autumn, winter and spring conditions so far, despite a few pockets of wet and dry spells, have probably been the…

With just 9 months to the start of Making Tax Digital (MTD) for IT (Income Tax) in April 2026 here are 10 common myths about MTD for IT that can lead to confusion:   1. MTD for IT is already mandatory for everyone MTD for IT has been delayed and will be phased in gradually,…