If you've ever wondered why the UK tax year starts on 6th April, you're not alone.

The proposed reforms, including expanding the definition of a “public interest entity” (PIE), were set to bring hundreds of private firms under tighter audit scrutiny.

There are several areas that HMRC has flagged for additional focus in the short to medium term.

In simple terms, an FIC is a limited company created to manage broad family assets tax- efficiently.

Imagine filing your tax return correctly, only to receive a surprise bill months later due to a system error.

Starting April 2025, company size classifications are changing - and for many businesses, this means fewer compliance burdens, reduced costs, and new strategic opportunities. But are you prepared?

How IHT Changes Could Impact Your Pension Legacy

It's safe to say that announcements in the October budget are significantly impacting estate planning.

Companies House recently released draft ID verification rules to clamp down on fraudulent activity as part of a broader programme.

At the start of the 2024/25 tax year, HMRC switched the default tax return for the self-employed, sole traders, and some partnerships from an accrual basis to a cash basis.