Blog
Increase to CGT on business sales from April 2026
Business Asset Disposal Relief (BADR), which reduces the CGT rate on business sales, will be less advantageous from April 2026, so with 6 months to go until this takes effect, company owners may be looking to sell sooner rather than later.
Corporation Tax Relief Errors Targeted by HMRC
Companies that may have miscalculated their corporation tax marginal relief, likely due to ignoring associated companies, may receive a letter from HMRC as part of a new campaign.
HMRC tighten checks on pension tax relief claims
HMRC has introduced additional checks on pension tax relief claims after finding that a third of claims made by PAYE tax codes were incorrect.
State pension age under review again
Shortly before Parliament closed for its summer holidays, the government announced a review of the State pension age (SPA).
7 Years of TN Accountancy
TN Accountancy was launched in September 2018, so this month we reach our 7th year in business. A big thank you to our clients and professional contacts who’ve supported us along the way.
Crypto transactions under the spotlight
From 1 January 2026, crypto investors will face new reporting requirements when buying, selling, transferring or exchanging cryptoassets, such as Bitcoin. This means HMRC will be able to link cryptoasset activity to your tax record.
Changes to Electric Car Charging Rates from September 2025
Starting from 1st September 2025, two separate advisory fuel rates apply to fully electric cars depending on whether charging is at home or using a public charger.
How to Verify Your ID with Companies House Using GOV.UK One Login
Companies House has mandated that that all directors, people with significant control (PSCs), and those who file information on behalf of a company must now have their identity verified. In this blog, we explain how to do this.
Employment Status, IR35 & the Off Payroll Working Rules
IR35 is a legislation designed to stop workers incorrectly claiming to be contractors, rather than employees, for tax benefits. Contractors and freelancers need to make sure that they are IR35 compliant. Find out more.
Autumn Budget 2024 - Initial Reaction
After months of speculation, the Chancellor, Rachel Reeves, delivered the first Labour Budget for 14 years.
In this article we summarise the main tax changes announced in today’s budget.
Effective strategies for controlling business costs
Implementing effective cost-control strategies can help businesses streamline operations, improve efficiency, and enhance financial stability. In this blog we consider some key strategies.
What Business Expenses Can I Claim as a Limited Company?
We take a look at some of the common types of expenses that limited companies can claim and provide clarity on their tax deductibility.
Understanding VAT Thresholds and Responsibilities of Being VAT Registered
Understanding VAT thresholds and the responsibilities that come with being VAT registered is crucial for businesses to ensure compliance and avoid penalties.
Strategies for Reducing Your Corporation Tax Bill
For business owners, managing corporation tax efficiently is a key aspect of maintaining a healthy bottom line. Here are several strategies to help reduce your corporation tax bill legally and effectively.
Do you earn over £100k? Avoid the 60% tax trap and preserve your tax-free childcare!
Individuals earning between £100,000 and £125,140 could be paying tax at an effective rate of 60%. In this blog we look at why and how this could be avoided.
Spring Budget 2024 Summary
In this blog, we take a look at the key tax announcements made in this year’s Budget as announced by Jeremy Hunt.
Employment Allowance for National Insurance Contributions
Employers can claim to reduce their employers national insurance liability by the employment allowance per tax year. Many employers qualify although there are some exclusions, we explore this in our latest blog.
Gifts out of Income - Inheritance Tax Planning
Inheritance tax is sometimes described as an optional tax. It is possible to give away significant amounts without those amounts falling within your death estate even if you die within seven years. In this blog we explore how this works.
Record Keeping for Tax Residence
The UK has a detailed Statutory Residence Test to determine someone’s tax residency position. Under this, detailed and accurate record keeping is essential to work out someone’s residency position. A small error can have significant tax consequences. In this blog, we take a look at the sorts of records that should be kept.
Latest Changes to R&D Processes
A number of procedural R&D changes have come into force. These are aimed at tightening up on what HMRC believes is a large number of incorrect claims, particularly by smaller entities. These changes are ensuring that claims must be accompanied by minimum supporting information and explanation.