Welcome to the “Latest News” section of Thorne Widgery.
Explore the latest news, all the developments, industry insights and essential updates in the world of finance and accounting.

Key person insurance: what businesses need to know about tax
Many businesses rely heavily on the knowledge, experience and relationships of a small number of key people. These could be directors, senior employees or other individuals whose contribution is central…

HMRC is preparing to sign up MTD no-shows automatically
The first Making Tax Digital (MTD) for Income Tax quarterly update deadline has now passed, but HMRC is already turning its attention to those who have not yet joined the…

Tips, Service Charges and Troncs: What Hospitality Businesses Need to Know
Tips and service charges are a normal part of the hospitality industry, but the tax treatment behind them is not always straightforward. Whether a payment is made in cash, by…

Using Your Own Vehicle for Work: HMRC Mileage Rates Explained
Employees who use their own vehicle for business journeys may be entitled to receive mileage payments from their employer. Provided these payments remain within HMRC’s approved limits, they can normally…

Can You Trust Financial Advice from Social Media and AI?
Social media and artificial intelligence are changing how business owners find answers to accounting and tax questions. Instead of contacting an accountant, many people now turn to Google, an AI…

We’ve joined DJH!
We're excited to share that Thorne Widgery has joined DJH, one of the UK's fastest-growing accountancy groups, marking a fantastic new chapter for our firm. Over the past 80 years,…

Mandatory Payrolling of Benefits: What Employers Need to Know
The way employers report benefits in kind is changing. For many years, employers have reported taxable benefits provided to employees after the end of the tax year, usually through forms…

Your first MTD quarterly deadline is approaching: Are you ready for 7 August?
Making Tax Digital (MTD) for Income Tax is now underway for the first group of sole traders and landlords. If your qualifying income from self-employment and property exceeded £50,000 during…

Nearly 40% of employers could pull back from salary sacrifice pensions: Is it still worth it?
Salary sacrifice pension schemes have long been seen as one of the most tax-efficient ways for employees to save for retirement. However, following the Autumn Budget 2025 announcement, some employers…

Why your small business needs management accounts
Running a small business can feel like a constant balancing act. You’re managing costs, chasing payments, keeping customers happy, planning ahead and trying to protect your margins, all while dealing…

