Latest blogs for Services

Planning Ahead in a Changing World As we write this edition of our Farming Newsletter we are still knee deep in Inheritance Tax (IHT) planning with our clients. There are many points to consider, and we dive straight into some IHT planning thoughts from one of our Corporate Tax Directors, Jeannette Hume. This is followed…

It’s National STEM Day today and what better time to share our Ely Team’s recent exhibition at the annual East Cambridgeshire Careers & Skills Fair 2025, held in the magnificent Ely Cathedral.   Budding future accountants from all of the local schools had a chance to learn about business and to see if accountancy is…

The Governments Making Tax Digital for Income Tax (MTD for IT) will finally begin from 6 April 2026, just 150 days away, when it becomes mandatory for landlords and the self-employed whose gross income is over £50,000 in the past tax year 2024/25, with the introduction of quarterly returns.   How Should You Be Getting…

Clearly thinking that they would join in with the scary Halloween activities, Companies House announced on 30th October that they would be increasing filing fees for various company forms including new incorporations and the annual Confirmation Statement. Following some increases in 2024 and, in what they’re now calling an annual review of their fees, Companies…

Charities were in for a treat this Halloween with the new, highly anticipated Charities SORP 2026 being published on Friday 31st October 2025.   The new SORP comes into play for periods commencing 1 January 2026 onwards, therefore affecting most Dec-26 and Mar-27 year ends.   Key changes include a new three-tier reporting system based…

The countdown has begun to file your Self Assessment Tax Return and pay your tax by 31st January 2026 as there are only 100 days remaining to file and pay before deadline.   The deadline for submitting a paper return is just a week away 31st October 2025.   The deadline for submitting an online…

In many situations a tax planning review may identify opportunities to minimise the tax you are liable to pay on a transaction or situation.   These ’opportunities’ will relate to:   1. Do not make the transaction/action If being reviewed in advance, don’t do something that triggers a tax charge (eg extracting money from a…

HMRC’s Connect Tool Raises £4.6bn in Just One Year as Tax Investigations Surge HMRC’s powerful data analysis tool, Connect, has raised an additional £4.6bn in the 2024/25 tax year alone. This translates to a 35% jump on its previous annual average of £3.4bn, according to data released under a Freedom of Information request by Pinsent…

On Tuesday 7th October 2025, I attended the 2025 Xero UK Roadshow for accountants and bookkeepers of small businesses, which was held at Tobacco Docks, London.   The day started with time to network with other accountants and bookkeepers in attendance and a chance to look around the exhibition and speak to different app partners…

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…