The latest Budget included several important changes that will affect how small businesses and taxpayers will manage tax reporting, digital record-keeping, and payment deadlines over the next few years. Here are the key changes to income tax payments, penalties, and Making Tax Digital (MTD) you should know about. If you run a small business, it’s […]
Author Archives: Priya Raja-Motala
Corporation Tax, Myers Clark Updates, Personal Tax, Tax Tips
Key Takeaways from Monday’s Post-Budget Event
03
Dec
Dec
After five years, this last Monday, we held a networking session in the wake of last week’s Budget announcements. We covered a wide range of changes, some expected, some strange, and some that genuinely matter more than the headlines would suggest. While the media has been busy being shocked by things everyone already knew, our […]
27
Nov
Nov
Chancellor Rachel Reeves presented her highly anticipated second Budget to Parliament yesterday. After the 2024 tax measures, the government was hopeful that broad tax increases would not be necessary in 2025. However, due to ongoing economic challenges, despite a short-term growth upgrade from the Office for Budget Responsibility (OBR), tax increases proved unavoidable. Let’s take […]
05
Nov
Nov
The recent passing of the Renters’ Rights Act marks the most significant change in the English property market in decades. Although this outcome was anticipated for several years, it is now important to take a step back and reevaluate your approach. Let’s examine the new Renters Rights Act and the practical advice for landlords. The […]
29
Oct
Oct
It may come as a surprise to you that nearly 500 employers in the UK have been fined a total of £10.2 million for failing to comply with the National Minimum Wage (NMW) regulations, according to the latest government report following investigations by HM Revenue and Customs (HMRC). This is the continuation of the government […]
22
Oct
Oct
Since the recent overhaul of the Inheritance Tax (IHT) rules, many people in the UK are wondering if giving away their assets while they are still alive will reduce the final IHT bill. The answer is somewhat complicated. Apart from IHT, which is the tax you pay on death, there is another capital tax, Capital […]
06
Oct
Oct
The countdown to Making Tax Digital (‘MTD’) has begun. We are now just over six months from April 2026, when the first group of individuals will be required to comply with MTD. You may recall that we published a blog in April 2025 to help and inform you on this topic. You can revisit this […]
HM Revenue & Customs, Personal Tax, Tax Advice, Tax Planning, Tax Tips
Are you ready for the IHT Overhaul?
03
Oct
Oct
It’s old news now that Rachel Reeves has long had her eyes on inheritance tax (IHT) as an area for reform. The announcements in the last Budget have sharpened the focus by removing reliefs for businesses, including farmers and bringing your pension savings into your Estate when you die. So, are you ready for the […]
01
Oct
Oct
Running a business has never been simple, but the landscape feels more unpredictable than ever. From HMRC’s ongoing upheaval to the upcoming second Budget from the Labour government on 26th November, the pace of change is relentless. It’s not only the major headline reforms that matter. Sometimes, it’s the more subtle changes, like the recent […]
24
Sep
Sep
Customers and businesses alike often shy away from the dreaded words: “price increase.” But as a business owner, you shouldn’t fear doing what’s sometimes necessary. Adjusting your prices is part of running a sustainable and profitable company, and there are several valid reasons why you might need to make that move. There is a right […]