News – Tide Accounting

Expanding workplace benefits relief

From 6 April 2026, new tax rules will expand workplace benefits relief. The changes will [...]

IHT treatment of unused pension funds and death benefits

The 2027 reforms will shift more responsibility to personal representatives, who may need to manage [...]

Agricultural and business property relief changes

Agricultural and business property relief changes that were first announced at Autumn Budget 2024 will [...]

Winter Fuel Payment tax charge

The June 2025 reforms introduce a £35,000 income limit for keeping the Winter Fuel Payment, [...]

VCT and EIS changes

The new rules will allow companies to raise more capital under the following schemes although [...]

Property and savings income subject to new tax rates

The government announced at Budget 2025 that dividend income, property and savings income, will be [...]

The value of an overhead audit

Many businesses regard their overheads as fixed, predictable, and largely outside their control. In reality, [...]

Avoid over-stocking

Accountants often see the impact that excess stock has on a business long before the [...]

Who pays Income Tax in Scotland

The rules that govern who pays Income Tax in Scotland is determined by whether an [...]

Work out your VAT fuel scale charge

VAT road fuel scale charges are fixed, standardised amounts that businesses must use to account [...]

Less than 2 months to self-assessment filing deadline

There are now less than 2 months to the self-assessment filing deadline for submissions of [...]

Update from HMRC on MTD testing

HMRC has published a new Making Tax Digital newsletter. This newsletter is mainly intended for [...]

Increase in savings guarantee for bank deposits

The Financial Services Compensation Scheme (FSCS) has raised its savings guarantee for bank deposits, increasing [...]

The likely direction of interest rates in 2026

As we look ahead to 2026, there is growing speculation about how the Bank of [...]

Outlook For Food And Energy Prices In The Year Ahead

Food and energy costs remain central concerns for households and businesses because they influence everything [...]

Autumn Budget 2025 – Pension changes

The Chancellor has kept the main pension allowances unchanged but has confirmed a new cap [...]

Autumn Budget 2025 – Minimum Wage increases

The Chancellor of the Exchequer, Rachel Reeves announced increases to the Minimum Wage rates on [...]

Autumn Budget 2025 – Personal Tax changes

The chancellor Rachel Reeves announced as part of the Autumn Budget measures that the Income [...]

How a business grows financially by retaining profits

Many business owners focus on sales as the main driver of growth. Sales matter, but [...]

The link between planning and progress

Most business owners know that progress matters, but many still hesitate when it comes to [...]

Claim flat rate expenses for work clothing and tools

If you use your own money to buy items for work, you may be eligible [...]

Taxable & tax-free state benefits

While there are many state benefits available, it is not always clear which of these [...]

What is a demerger?

A demerger involves splitting the trading activities of a single company or group into two [...]

Christmas crafters and tax

If you earn fees or sell goods as a side hustle, you may need to [...]

MTD – qualifying income

Making Tax Digital for Income Tax (MTD for IT) will become mandatory in phases from [...]

Preparing for tighter credit conditions in 2026

Many small businesses rely on a mix of overdrafts, card facilities and short term loans [...]

Increase in the London congestion charge from January 2026

The daily charge for driving within the London Congestion Charge zone will rise from £15 [...]

Penalty points for late filing of VAT returns

Many businesses are still unaware that the VAT late filing and late payment rules now [...]

Paying tax arrears using HMRC payment plans

If you are unable to pay your tax bill, it's important to reach out to [...]

Set up your tax app with HMRC

The free HMRC tax app now provides quick access to tax codes, income history, self-assessment [...]

Check when you can expect a reply from HMRC

HMRC offers a helpful online tool that allows agents and taxpayers to check when they [...]

HMRC contacting sole traders

HMRC is currently contacting certain sole traders by email to reiterate the importance of adjusting [...]

Enforcement of the minimum wage

The Department for Business & Trade has recently published a report that outlines the government's [...]

How many businesses are there in the UK?

Current estimates suggest that there are around 5.6 million businesses operating in the UK. This [...]

Directors liability for company debts

A limited company is a separate legal entity. In normal circumstances, its debts belong to [...]

Tax Diary December 2025/January 2026

1 December 2025 - Due date for Corporation Tax payable for the year ended 28 [...]

Updating your tax code

It is quite common for tax codes to be wrong, particularly if your income or [...]

P45s, P11Ds and P60s – what are they?

Most employees will come across forms such as the P45, P11D and P60 during their [...]

Company Voluntary Arrangements

A Company Voluntary Arrangement (also known as a CVA) is a special arrangement that allows [...]

Tax and trivial benefits

There is a trivial benefit-in-kind (BiK) exemption that applies to small, non-cash gifts (such as [...]