The marginal tax trap in 2026-27
For the 2026-27 tax year, individuals with income between £100,000 and £125,140 face an effective marginal income tax rate of...
New rights to sick pay and parental leave for millions of workers
The UK government has introduced significant employment law reforms that expand access to Statutory Sick Pay (SSP) and parental leave...
When does a hobby become a business
Many people start an activity as a hobby, perhaps selling handmade goods online, offering occasional services, or generating small amounts...
Price gouging and the governments new response
Recent global instability, particularly tensions affecting oil and energy supply chains, has increased concerns about price gouging, where businesses take...
MTD for Income Tax – are you affected
If you have not yet checked whether you need to use Making Tax Digital (MTD) for Income Tax, now is...
Companies House blunder
A Companies House blunder has raised concerns after a flaw in the WebFiling service briefly exposed sensitive company data. The...
Tax allowances frozen for 2026-27
It was confirmed as part of the Autumn Budget that the Income Tax thresholds will continue at their current levels...
Changes to reporting of BiKs
Mandatory payrolling of benefits in kind (BiKs) and taxable employment expenses will be introduced from 6 April 2027. This represents a major...
Tax Diary April/May 2026
1 April 2026 – Due date for corporation tax due for the year ended 30 June 2025. 19 April 2026...
External business threats and how planning can help counter them
External risks can affect even well managed businesses. Many threats arise outside the control of business owners, yet they can...