Making Tax Digital – Understanding the new penalty regime
With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled out, many sole traders are still not ready. A survey carried out by IRIS earlier this year found that 45
Identity verification deadline confirmed – Are you prepared?
After months of uncertainty, Companies House has set the identity-verification deadline as 18 November 2025. From that date, all new company directors and People with Significant Control (PSCs) must verify their identity. Existing directors and PSCs will then have 12
Could your latest LinkedIn post expose you to tax penalties?
HM Revenue and Customs (HMRC) has confirmed it uses AI to scan social media posts as part of criminal investigations into suspected tax and benefits fraud. That means, if you are posting content that could be viewed as advocating for,
Government may be setting sights on Inheritance Tax
The Treasury is reportedly revisiting Inheritance Tax (IHT) as ministers hunt for extra revenue. While the Chancellor considers several options, IHT reforms remain a likely avenue, and now may be a good time to restructure your assets to avoid a
The danger of uncertainty – How the economy and Autumn Budget may be holding back investment
With UK growth slowing to just 0.3 per cent in Q2, business confidence is fragile. Momentum has faded after a surge in exports ahead of new tariffs earlier this year, while weaker consumer confidence and persistently high household savings add
How have the increases in employment costs affected wage growth and hiring?
When the Chancellor unveiled £26 billion in additional taxes and higher employer National Insurance contributions (NIC) last autumn, the impact on business confidence was immediate. Businesses are now trying to manage: The new adult National Minimum Wage rate, which has
Just over half a year left to prepare for MTD for Income Tax – Act now
The Government’s Making Tax Digital (MTD) for Income Tax is now only a matter of months away. It is important that you are prepared and understand how the changes could affect you as the phased introduction of this new tax
What does the Government’s plan for small businesses mean for you?
The Government’s plan for small businesses, also known as The Backing Your Business Plan, is being introduced to support SMEs growth and development. The plan has been created to give businesses the ability to grow and help them realise their
The cybercriminals are coming – Is your business ready?
In today’s interconnected world, cyber‑risk has gone from a simple technical concern to an existential threat for businesses. Every business should be preparing itself to defend against cyber criminals, but the number of those doing so is worryingly low. We
How can AI deliver unexpected savings within your business?
Many business owners assume artificial intelligence (AI) is only relevant for large corporations. However, modern tools are already helping smaller firms reduce costs in subtle but powerful ways. Better supplier pricing Software can now track pricing trends across your industry,
