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Company cars are having a revival

Recently published statistics show that the company car is making something of a comeback, with the number of recipients for 2023/24 up 80,000 from the previous year.

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Stamp Duty - If in doubt, take advice!

In early September (which already feels like a very long time ago), the Deputy Prime Minister resigned after discovering that she had underpaid Stamp Duty Land Tax (SDLT) on the purchase of a flat in Hove after not taking appropriate advice. We take a look at what went wrong and how you can avoid similar mistakes.

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Updated method of correcting VAT return errors

HMRC have withdrawn form VAT652. Companies with large VAT return errors must now submit corrections online or in writing. Larger VAT return errors are entered as method 2 type corrections, whereas method 1 is used when correcting smaller errors.

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Companies House ID verification underway

Companies House identity verification starts on 18 November 2025. For individual directors, the date will vary when they will need to confirm they have verified their identity, depending on when their company’s next confirmation statement is due.

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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.

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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.

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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.

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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.

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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.

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