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Could Your Child Be Sitting on £2,000 Without Knowing It? New figures show that more than 750,000 young people haven’t claimed their matured Child Trust Funds – savings pots worth an average of £2,242 each. If your children, employees, or even apprentices are aged between 18 and 23, there’s a…
Welcome to the October Tax Update. In this issue we take a look at the upcoming Autumn Budget, umbrella companies, VAT error correction, sideways loss relief, advisory fuel rates for company cars and upcoming dates on the Accounting Horizon. BUDGET 2025 DATE – 26 NOVEMBER The Chancellor will deliver Autumn…
Preparing for Recovery as Well As Defence Cyber incidents continue to feature in the news headlines, with airports now joining large UK retailers and manufacturers in experiencing serious disruption to supply chains and services. While small businesses are unlikely to grab the same headlines, the risks are just as real.…
New Legal Requirement: Directors and PSCs Must Verify Their Identity from November 2025 From 18 November 2025, identity verification will become a legal requirement for all company directors and people with significant control (PSCs). This is part of a wider reform under the Economic Crime and Corporate Transparency Act 2023,…
Cyber-attacks are on the increase and smaller businesses are by no means immune. Have you been the victim of an online scam or cyber-attack? Or worried that something like that may happen? If so, a collection of resources from the National Cyber Security Centre (NCSC) could be helpful to you.…
Be Ready for 2026 The Valuation Office Agency (VOA) is encouraging businesses to sign up for a business rates valuation account so they can find out their new commercial property valuation. Every three years the VOA updates the rateable values of all business properties in England and Wales. The next…
On Tuesday 23rd September, our phone systems are being upgraded. This may cause some disruption with incoming calls throughout the day. Please bear with us while we carry out this essential work to improve our communications systems and e-mail enquiries@fwca.co.uk and we will call you back as quickly as possible.…
Welcome to the September Tax Update. In this issue we take a look at adjustments for private use, statutory sick pay, stamp duty land tax, winter fuel payments, VAT, Artificial Intelligence and upcoming dates on the Accounting Horizon. ADJUSTMENTS FOR PRIVATE USE HMRC will be running a digital campaign aimed…
One of our Audit Partners, John Hegney, is leaving the business to work from home on his new venture. We would like to thank John for his hard work over the past two and a half years and wish him all the best for the future. We look forward to…
The government is pressing ahead with Making Tax Digital (MTD) for Income Tax – and it will affect many sole traders and landlords over the next few years. Here’s what’s changing, when it’s changing, and how to get ready. What is MTD for Income Tax? Under MTD, sole traders and…