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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…
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“So, Who Do You Think You Are? ” ID Checks Incoming!
New reforms at Companies House mean that the 7.5 million or so of registered UK Company Directors and Persons of Significant Control [PSCs] will need to carry out a formal ID verification process, either directly or through Authorised Corp Service Providers [ACSPs]. This is all part of the Government’s desire to deal with illegal activities…
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Company Taxation matters – Do not get caught or lose out over missing a deadline
In addition to filing the statutory accounts and corporation tax return there are several other tax matters and filing requirements which could be relevant to a company and require attention. To avoid a deadline being missed, penalties or missing out, we have summarised these below. As always, should you require any more information or would…
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Key UK Tax Deadlines for 2025: Stay Ahead of Your Obligations!
As we step into 2025, businesses and individuals must keep track of key tax deadlines to ensure compliance and avoid unnecessary penalties. Here’s a comprehensive guide to the most important tax dates for the year ahead, along with useful tips to help you stay on top of your financial obligations. February 2025 April 2025 July…
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Reputation, Reputation, Reputation!
During the dark times of the Covid 19 pandemic many of us felt warmed by the efforts of our fellow humans to raise money for NHS Charities Together. One such inspirational individual was the late Captain Sir Tom Moore, which makes the recent news of the Charity Commission’s inquiry into The Captain Tom Foundation a tough…
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You’re On Mute!!!
In July 2024 the Charity Commission issued updated guidance on how charity meetings are held, to reflect the developments in the way we communicate since the pandemic. Whilst so many of us are happy to jump on a Zoom call rather than brave the dark nights that are rapidly drawing in, trustees need to ensure…