The revised version of FRS 102 accounting standards has already brought new reforms for accounting periods starting on or after 1 January 2026 and now the rules are changing again. The Financial Reporting Council (FRC) has announced further amendments to FRS 102 and FRS 105, affecting how certain businesses present their financial statements. With the […]
The new tax year is just a few weeks away, starting on 6 April, so allow us to refresh your memory of the key changes in store for 2026/27. Personal tax The Government has decided to continue the Income Tax threshold freeze until at least April 2031, while keeping the tax-free personal allowance at £12,570. […]
For business owners preparing to sell or exit their company, a stricter interpretation of the qualifying conditions for Business Asset Disposal Relief (BADR) and increased scrutiny from HMRC will soon be introduced. These changes may affect the timing of a sale, the structure of your business and the tax you will pay on any gains. […]
From April 2026, the National Minimum Wage rates will increase once again, driving up employment costs for many businesses and requiring them to review their payroll processes. If you haven’t considered how these new rates will affect your business, you should do so now. What’s changing in minimum wage rates? From April 2026, the new […]
Since November 2025, it has become a requirement for all company directors and Persons with Significant Control (PSCs) to verify their identity with Companies House. As this must be completed by November this year, it is concerning that many have still not done so. This verification process is part of the UK Government’s efforts to […]
We are thrilled to announce that The Surrey Probate Practice Ltd has been officially shortlisted for ‘Specialist Probate Provider of the Year’ at this year’s Probate Industry Awards. The Probate Industry Awards are affectionately known as ‘The Probies’ and are dedicated to recognising the elite professionals in the probate industry who provide essential support to […]
During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts. The Chancellor focused on how the government’s policies are delivering economic […]
We are continuing to work with a number of our clients as they prepare for Making Tax Digital (MTD) for income tax. This is the new regime for self-employed individuals and landlords that will start to apply from April 2026 if they have business and/or property income (i.e. total takings, not net profits) of more […]
If you have paid too much tax, perhaps because you made an error on a return, or because you believe a sum determined by HMRC as being due is incorrect, there is a general rule that a refund cannot be claimed more than 4 years after the end of the relevant tax year. For example, […]
HMRC have published new advisory fuel rates from 1 March 2026. These are the suggested reimbursement rates for employees’ private mileage using their company car. Where the employer does not pay for any fuel for the company car, these are the amounts that can be reimbursed in respect of business journeys without the amount being […]
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