HMRC is moving forward with its digital transformation of the UK tax system. Here’s what you need to know about the latest developments in Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA). Key Dates & Thresholds From April 2026: MTD will be mandatory for individuals with gross income over £50,000 from self-employment and/or…
You may have received an email from Companies House requesting that all Directors and Persons with Significant Control (PSCs) verify their identity. This is an important legal change that will affect all UK companies. Currently, identity verification for UK companies is voluntary, however, this will become mandatory from 18 November 2025 during a 12-month transition…
As we step into the new financial year, several significant tax changes are set to take effect in the UK from April 2025. These changes, announced in previous budgets and statements, will impact both individuals and businesses. Here’s a comprehensive overview of the key updates: From April 6, 2025, Employers’ NIC will increase from 13.8%…
Following the Budget announcement today, please see the following key takeaways: Business implications Capital allowances – writing down allowance main rate is being reduced. This was previously at 18% however we are awaiting confirmation of level & timing of the decrease. Business rates – From April 2026, lower rates to be introduced for over 750,000…
Behind the Numbers. How Griffin was built from ground up Griffin’s Managing Partner, Misty Nickells, recently joined Jevon and Maddi on The Konkering Pod to share the story behind the business and the lessons learned along the way. In the episode, Misty takes listeners behind the scenes of Griffin Chartered Accountants, a firm she…
HMRC is moving forward with its digital transformation of the UK tax system. Here’s what you need to know about the latest developments in Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA). Key Dates & Thresholds From April 2026: MTD will be mandatory for individuals with gross income over £50,000 from self-employment and/or…
You may have received an email from Companies House requesting that all Directors and Persons with Significant Control (PSCs) verify their identity. This is an important legal change that will affect all UK companies. Currently, identity verification for UK companies is voluntary, however, this will become mandatory from 18 November 2025 during a 12-month transition…
As the 2024–2025 tax year draws to a close, HMRC has introduced significant changes affecting how sole traders report personal expenditure in their Self-Assessment tax returns. These updates are part of a broader campaign to improve compliance and ensure that only legitimate business expenses are claimed. HMRC is intensifying its scrutiny of personal expenses that…
As we step into the new financial year, several significant tax changes are set to take effect in the UK from April 2025. These changes, announced in previous budgets and statements, will impact both individuals and businesses. Here’s a comprehensive overview of the key updates: Employers’ National Insurance Contributions (NIC) From April 6, 2025, Employers’…
Approaching the end of the tax year, most business owners are looking for ways to bring their tax bill down. Here are our Top 5 Tax Tips for 2025: Maximise your pension contributions Companies can make employer pension contributions on behalf of the directors and these payments are tax-deductible for corporation tax. This reduces the…