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.

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…

Five reasons to outsource your bookkeeping to an accountant
Running a business means spinning a lot of plates. Between customers, staff, suppliers and growth plans, bookkeeping can quickly become the task that gets pushed to the bottom of the…

CITB Levy: Does It Apply to Your Business?
If your business works in or around construction, the CITB Levy is something worth checking properly. Many firms assume it only applies to traditional builders, but the rules can reach…

Cycle to Work Scheme: A Tax-Efficient Benefit for Employers and Employees
As businesses continue to look for ways to strengthen their employee benefits packages without significantly increasing payroll costs, the Cycle to Work scheme remains a practical and tax-efficient option. Designed…

Spring Statement leaves businesses exposed as global issues intensify, warns Thorne Widgery
One of Hereford and Shropshire’s leading accountancy firms, Thorne Widgery, has voiced concern after Chancellor Rachel Reeves delivered a Spring Statement that included no direct support for businesses and made…

Budget Statement 2026
Going into the latest Spring Statement, the Chancellor made it very clear that this would not be a full fiscal event and that any new policy changes would be off…

Have You Got the Right MTD Software?
Making Tax Digital (MTD) for Income Tax isn’t “coming soon” anymore. It’s here. And for many sole traders, landlords and self-employed individuals, that means one thing: the way you report…
