HMRC recently confirmed that the mandatory payrolling of Benefits in Kind (BiKs) has been moved to April 2027. While that sounds like a long way off, 2026 is actually your “Year of Preparation.” What’s happening? Currently, most employers report benefits like health insurance or gym memberships at the end of the year via a P11D. From April 2027, […]

The 2026/27 tax year brings a sting in the tail for business owners. With the new rates now in effect, the “standard” way you pay yourself might not be the most tax-efficient anymore. The Key Changes: What should you do? If you typically take a small salary and large dividends, your tax bill is about to

Making Tax Digital for Income Tax is Here: Are You Ready for the £50,000 Threshold? As of 6 April 2026, the biggest shake-up to the UK tax system in decades has officially arrived. If you are a sole trader or a landlord with a combined qualifying income of over £50,000, you are now legally required to follow Making

The start of 2026 marks one of the most significant periods of change in the UK tax and accounting landscape for years. Whether you’re running a sole-trader business, managing payroll for your team or preparing your accounts for the year ahead, now is the time to understand what’s coming and how proactive planning can save