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The Business Viability Perspective
Will Your Business Survive You? IHT Reform Could Threaten Its Future The upcoming IHT reforms are not just about tax- they’re about the future of your business. From April 2026, the government will limit full BPR to the first £1 million of business assets For many SMEs, this could mean a crippling tax liability on death. This change…
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The Family Impact Perspective
The Hidden Cost of Inaction: How IHT Changes Could Burden Your Loved Ones When a business owner passes away, families are often left to grieve while also managing complex financial affairs. From April 2026, the emotional toll could be compounded by a significant IHT bill on business assets exceeding £1 million. Imagine a grieving spouse or children…
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The Strategic Perspective
Business Owners: Why the £1M IHT Relief Cap Demands Immediate Action From April 2026, the UK government will cap full Business Property Relief (BPR) from Inheritance Tax (IHT) at £1 million per person. Any business assets above this threshold will only qualify for 50% relief, significantly increasing the potential IHT liability on death For many business owners,…
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Winter Fuel Payment 2025/26: What Pensioners Need to Know About the New Tax Recovery Rules
The UK Government has announced a significant update to the Winter Fuel Payment scheme for the 2025/26 winter season. While the payment remains a vital source of support for pensioners during colder months, a new income-based recovery mechanism has been introduced to ensure the system remains fair and fiscally sustainable. What’s New? From winter 2025/26, all pensioners in…
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Important Update on HMRC Online Account Security
In recent days, HM Revenue & Customs (HMRC) has alerted the public to incidents of unauthorised access to certain online tax accounts. We believe it is vital to share a clear summary of the issue and outline the steps you can take to protect yourself. What Happened? HMRC’s security systems recently detected attempts by fraudsters…
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Reporting Taxable Benefits 2024/25
All employers must report any taxable benefits provided to employees during the year ending 5 April 2025 (unless exempt under the payrolling taxable benefits and expenses online service) to HMRC by 6 July 2025. If your business has provided taxable benefits and requires assistance with reporting, or if you’re unsure about your obligations, please get in touch. Examples…
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Unlock a World of Efficiency: Are You Missing Out on the Xero App Store?
We all know of Xero’s powerful accounting features, being the digital heart of countless businesses, keeping track of income, expenses, and everything in between. But have you ever felt like there’s something more it could do? A way to connect it seamlessly with other crucial parts of your business? If you’ve ever thought, “Wouldn’t it…
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Online Selling and HMRC: What You Need to Know in 2025
As more individuals and businesses turn to digital platforms to sell goods and services, HMRC has introduced new reporting rules to ensure tax compliance in the online economy. While no new taxes have been introduced, the way information is reported to HMRC has changed significantly—and online sellers need to be aware of the implications. What’s…
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Final Call: Respond Today to the UK Government’s E-Invoicing Consultation
Today marks the final opportunity for businesses, industry bodies, and technology providers to respond to the UK Government’s consultation on the future of electronic invoicing (e-invoicing). The consultation, launched by HM Revenue & Customs (HMRC) and the Department for Business and Trade (DBT), closes at 11:59 PM tonight, 7 May 2025. Why This Matters The…
Understanding your business finances is about far more than meeting your statutory obligations. While many business owners focus on sales and turnover, a deeper understanding of profitability, cash flow and overall financial performance can lead to better decision-making and long-term business success. The financial statements produced by your accountant can …
August 14, 2026
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