Blog

The Autumn 2024 Budget has introduced significant changes to Capital Gains Tax (CGT) and the taxation of carried interest, aiming to ensure asset owners contribute a fair share while maintaining the UK’s competitiveness in international tax markets. But how will these changes impact you, and what steps can you take to manage them effectively?…

The Autumn 2024 Budget introduced several changes to Business Asset Disposal Relief (BADR), a vital tax relief for business owners seeking to reduce Capital Gains Tax (CGT) liabilities when selling all or part of their business. The changes, though not as drastic as anticipated, still have significant implications for business owners. Our Head of…

The Autumn Budget introduced important changes to inheritance tax reliefs that directly affect farmers and rural business owners. These updates make it essential for agricultural families and rural businesses to plan effectively for the future. In this article, Sophie Powell Senior Manager of our Rural Business Team provides a breakdown of what’s changed and…

The bookkeeping profession is experiencing rapid change driven by digital transformation, automation, and regulatory demands.  In this blog piece, Katy Davies shares her perspective on key issues and impacts. Q1: How do you see digital transformation and automation impacting bookkeeping? "Digital transformation in bookkeeping, especially with cloud-based software like Xero has become a game-changer…

Late filing and late payment penalties will be waived for one month to give taxpayers more time to prepare their 2020 to 2021 Self Assessment tax return, it has been announced. It means small business owners, directors, and landlords have until 28 February 2022 to submit their return without incurring penalties. But interest –…