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Autumn Budget Alert: Potential Tax Rises Ahead
Chancellor Rachel Reeves may need to raise taxes this Autumn to meet her self-imposed borrowing rules, according to recent news reports. Burgis & Bullock is advising clients to prepare for possible changes, as the government is currently projected to miss its fiscal target by £41.2 billion. Experts are recommending a moderate but sustained increase in…
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Reminder – Self Assessment Payment deadline
If you are registered for Self Assessment, this a reminder if you make payments on account, that the deadline is 31 July. What is a payment on account Payments on account are advance payments towards your next tax bill. Most people make 2 payments each year: • 31 January — first payment on account •…
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Are you ready for the next phase of Making Tax Digital?
From April 2026, Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) will change the way sole traders and landlords report their income to HMRC. At Burgis & Bullock we are offering free monthly sessions to help you get ahead of the curve. So, whether you’re a seasoned business owner or just starting…
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So, You’re a Trustee: Now What?
It can sometimes feel like the Charity Commission is launching a new enquiry into a different charity every week. Common failings identified by the Commission include the misuse of funds, failure to comply with the governing document, ineffective management of conflicts of interests and failure to meet filing requirements. And where these failings are severe…
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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…
Last week, our trainees took part in an internal audit training session designed to strengthen their technical knowledge and support their professional development. While gaining practical skills was the key objective, we also wanted to make the learning experience engaging and enjoyable, so we incorporated some games. At Burgis & …
October 14, 2026
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