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 the 2024/25 tax year, you will generally be required to follow the new rules from 6 April 2026. One of your main responsibilities is…
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 may now be reassessing whether these schemes still work for their business. Research from the Standard Life Centre for the Future of Retirement found…
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 with the day-to-day pressure of running the business. But when you don’t have a clear picture of how your business is performing, it becomes…
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 list, until it starts creating pressure. That’s why more businesses are exploring outsourcing. Not to “hand off responsibility”, but to free up time, reduce…
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 to HMRC is changing, and your current system might not cut it. From 6th April 2026, anyone with gross income over £50,000 (from self-employment…
Pay Less Tax Spring 2026: What you need to know now
As we move through Spring 2026, there are several tax changes and planning points that could affect individuals, families, business owners and executors. Some of these changes are about compliance (making sure you report things properly), while others are about planning ahead so you do not pay more tax than necessary. In this guide,…
Personal Tax Changes Coming in April 2026
With the new tax year just weeks away, a number of personal tax changes will come into effect from 6 April 2026. For many people, the day-to-day impact may feel modest at first. However, several changes could affect how much tax you pay, how you plan income, and how you approach longer-term decisions such…
Celebrating 80 years of Thorne Widgery
This year marks a significant milestone for Thorne Widgery as we celebrate our 80th anniversary. While we are rightly proud of our long history, this milestone is not just about looking backwards. It is about recognising how far we have come while staying firmly focused on the future and on helping our clients succeed…
Should high-net-worth individuals consider a management buyout?
A management buyout (often shortened to MBO) is when the people already running a business buy it from the current owner. For high-net-worth individuals, an MBO can be a smart way to take control of a business you know well, or a sensible exit route if you’re looking to step back while keeping the…
Biggest tax wins before 5th April 2026 (and what to do about them now)
The UK tax year has an annoying habit of sneaking up on people. One minute it’s “we’ve got ages”, the next it’s April and you’re wishing you’d done a few simple things that could’ve saved tax (or at least made your paperwork less painful). The good news: most of the best year-end moves aren’t…