Category Archives: Uncategorised

Many successful small businesses have one person at their centre. The owner knows the customers, agrees prices, deals with suppliers, manages the bank account, supervises employees and makes most of the important decisions. Often, this is one of the reasons the business has succeeded. But it can also become a weakness. If too much depends […]

Running a limited company brings with it a considerable amount of administration. The government is now considering whether some of the UK’s corporate reporting requirements can be simplified. A consultation launched in September 2026 looks at modernising corporate reporting, reducing duplication and making reporting requirements more proportionate. For smaller businesses in particular, the proposals could […]

Landlords in England need to be aware of updated Right to Rent guidance taking effect from 1 October 2026. The Right to Rent scheme requires landlords and letting agents to check that prospective adult tenants have the legal right to occupy privately rented residential property in England. Getting the procedure right is important because landlords […]

The new Chancellor of the Exchequer, John Healey has confirmed, in a video message, that the next UK Budget will take place on Wednesday, 28 October 2026. Details of all the Budget announcements will be made on a special section of the GOV.UK website which will be updated following completion of the Chancellor’s first Budget […]

Households should see a modest reduction in their electricity costs from 1 October 2026, when VAT on qualifying domestic electricity supplies in Great Britain is temporarily reduced from 5% to 0%. When does the VAT reduction apply? The temporary zero rate will apply from 1 October 2026 until 31 March 2027. Other domestic fuels, including […]

Making Tax Digital for Income Tax became compulsory for the first group of sole traders and landlords from 6 April 2026. HMRC is now taking the next step. From September 2026, HMRC is starting to sign up people who it believes should already be using Making Tax Digital, but who have not registered themselves. If […]

When a sole trader or the partners in a partnership transfer a business to a limited company, Capital Gains Tax (CGT) may arise. This is because business assets are normally treated as being transferred at their market value, which may be considerably more than their original cost. However, Incorporation Relief can allow some or all […]

Businesses that register for VAT may be able to reclaim VAT paid on certain goods and services purchased before VAT registration. There are specific time limits for claiming pre-registration VAT. VAT on goods can generally be reclaimed where the goods are still held by the business or have been used to produce other goods that […]