In late September, Andy Burnham announced a £210 million cash injection into high street…
Consultants in the medical sector can expect to receive a letter from HMRC to…
With a noticeable chill in the air and leaves turning darker, many businesses look…
While bookkeeping is rarely the most enjoyable aspect of running a business, keeping accurate…
Unfortunately, a business can be profitable and still face cash flow challenges. While this…
Following the latest Facebook trend? If you’ve started selling cakes, brownies or homemade bread…
The age-old stereotype of a person in the pub giving out dodgy advice with…
Delayed invoice payments combined with upcoming payroll and business costs, can be frustrating and…
The dynamic between employer and employee has shifted, with expectations increasing on both sides.
The Autumn Budget is fast approaching, with the Government set to announce its plans…
Doing payroll can be quite a tricky process for employers. With so many factors…
National Payroll Week is a fitting moment to look again at how payroll actually…
Evolving compliance requirements mean the goalposts for payroll compliance are regularly moving and the…
A quiet but significant shift has taken place in how pensioners are taxed. In…
With temperatures breaking 30 degrees on multiple occasions in 2026, scorching heat is becoming…
New funding rules for apprenticeships have been introduced, impacting any apprenticeships starting after 1…
In June 2026, the Government published a document to gather views on the introduction…
For many people, giving financial support to family members is an important part of…
The rate of inflation has hit 2.9 per cent in July 2026, up from…
For many businesses, short-term finance can provide an essential lifeline when cash flow becomes…
HMRC has issued more than 65,000 warning letters to cryptocurrency investors over the past…
Capital Gains Tax (CGT) receipts increased by 17.6 per cent in July compared with…
As steady rainfall washes away memories of the blazing summer sun, it is clear…
Tax bills are not the only thing that is rising, as higher costs are…
The Small Business Commissioner estimates that late payments are contributing to the closure of…
Keeping up with tax obligations can feel overwhelming for many taxpayers, resulting in a…
While the deadline for Making Tax Digital’s (MTD) first quarterly Income Tax filing arrives…
Late-paying customers can generate a lot of problems for SMEs, specifically when it comes…
In a shocking turn of events, Rachel Reeves has confirmed the ISA tax that…
The first official deadline for Making Tax Digital (MTD) for Income Tax is 7…
After months of delays, the Government has finally confirmed how the Economic Crime and…
The Government has revised its plans for mandatory payrolling of Benefits in Kind (BiK),…
With more than 2,400 businesses now operating through an Employee Ownership Trust (EOT) structure,…
You are likely aware of the upcoming inclusion of unspent pension pots for Inheritance…
Mergers and Acquisitions (M&A) are a core part of business growth and resilience. Done…
15 July is World Youth Skills Day, highlighting the importance of helping young people…
Since the divorce from the EU, the UK has been struggling economically, with estimates…
HMRC is consulting on proposals that could make Direct Debit mandatory for VAT and…
Amid all the noise around Tax Update 2026, one consultation has had less attention…
When Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) was first…
The first quarterly deadline for Making Tax Digital (MTD) is coming up on 7…
Frozen tax thresholds are becoming a growing concern for the British public, after HMRC…
Weak economic growth and tighter regulations on lenders are to blame for the largest…
Chancellor Rachel Reeves announced an increase in HMRC’s approved mileage rates for cars and…
Inheritance Tax (IHT) is paid on all items of your estate after you pass…
When Rachel Reeves announced a temporary cut in VAT from 20 per cent to…
The £2,000 cap on National Insurance (NI) free salary sacrifice pension contributions was sold…
Do you know what your Personal Savings Allowance is? While most taxpayers in the…
New research from online accounting platform Sage has found that £11 billion a year…
We recently reported in an earlier article that 91 per cent of firms were…
People use TikTok for all manner of things in this day and age –they…
‘Nonsense’ is what the Treasury has called the rumours that a 22 per cent tax could…
With National Bike Week just around the corner from 8 – 14 June 2026,…
Recent research from PensionBee has revealed that lower-paid self-employed workers are more likely to…
Tax is something that everybody has an opinion on: it could be an influencer…
The Chancellor’s announcement of the Great British Summer Savings Scheme has generated plenty of…
It can feel that the UK economy is becoming more unpredictable, leaving many businesses…
As workplace demographics change, the way that businesses grow is changing too.
Tax bills are the necessary cost of doing business in the UK and they…
When business owners consider raising capital for growth, the conversation typically centres on two…
Between 1 – 10 May, locations across the UK will be awash with the…
We are proud to announce our inclusion in the respected Accountancy Daily Top 75 Accountancy Firms Survey…
Further administrative changes are on the cards for close companies, as the Government seeks…
For landlords and sole traders bringing in qualifying annual income over £50,000 (not including…
From the end of the 2025/26 tax year, 5 April 2026, you must report…
Directors and employees claiming work-from-home tax relief will no longer be able to claim…
Capital allowances continue to provide an effective method for businesses to reduce their tax…
HMRC and Companies House have confirmed that from 1 April, all businesses must use…
The new 2026/27 tax year has finally arrived and it has brought an array…
Making Tax Digital (MTD) for Income Tax has now become the compulsory way of…
With the launch of Making Tax Digital for Income Tax just days away, HMRC…
New reporting requirements are currently under consultation for close companies that could see them…
Leading London accountancy firm, Macalvins Group, is proud to announce its inclusion in the…
A new dump of sales data from leading online trading platforms, such as eBay…
When selling a business asset, one of the biggest concerns for many business owners…
The latest Spring Statement has done little to steady the nerves of firms across…
Small businesses are facing rising employment costs and business rates in the upcoming tax…
[xyz-ips snippet=”Spring-Statement-2026″]
Spring is often seen as a time to reset. For many individuals, families and…
From April 2026, the Employment Rights Act will come into effect, bringing reforms to…
The Autumn Budget 2025 has brought more changes to business rates and many businesses…
Companies House fees have increased from 1 February 2026, affecting both the cost of…
As the deadline for Self Assessment passes, new data from HMRC shows that taxpayers…
Small businesses have been given a reprieve, after Companies House confirmed that its plans…
Recent media coverage has publicised the possibility of a new tax on people who…
Energy bills, staffing, borrowing costs, taxes and supplier expenses are just a few of…
For sole traders and landlords, Making Tax Digital for Income Tax is no longer…
Over 200 leaders from the UK’s hospitality and leisure sector have urged the Government…
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Salary sacrifice has long been one of the most tax-efficient ways for employers and…
By Rashmi Pandya, FCCA Recent comments from US President Donald Trump about imposing new tariffs sent…
You may have spotted it already. More adverts for accounting apps on television, more…
Pubs sit at the heart of our communities, yet rising costs continue to place…
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The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon…
With the recent Autumn Budget, many expected the major tax changes for the year…
Following the Autumn Budget, it’s clear that the Government is taking a more stringent…
From April 2026, both the Enterprise Investment Scheme (EIS) and Venture Capital Trusts (VCTs)…
The Making Tax Digital (MTD) for Income Tax countdown has begun and landlords and…
The Employment Rights Act 2025 has passed its parliamentary debates and is set to…
Recent research from the Chartered Institute of Credit Management (CICM) has revealed that 82…
From April 2027, all UK employers will be required to payroll Benefits in Kind…
We would really appreciate you taking a moment to share your experience with a…
By Rashmi Pandya, FCCA The Government has been clear in its ambition to position the UK…
With the Self-Assessment deadline just over a week away, failing to pay your tax…
The revised version of FRS 102 has now come into effect for accounting periods…
If you are dreading the annual tax and financial obligations that are coming your…
Whether you are running a small business or are self-employed, you may consider the…
We hope that you have succeeded so far in sticking with your New Year’s…
By Rashmi Pandya, FCCA Many businesses across the world are facing trade uncertainty and having to…
We are thrilled to announce a significant achievement as we climb 12 positions in…
We are pleased to share that we have acquired Cox Costello & Horne, a…
The festive season is rapidly approaching and it is natural to want to treat…
Last year’s Autumn Budget hit business owners hard with the announcements of changes to…
The Chancellor, Rachel Reeves, has confirmed her plans to extend the Income Tax threshold…
A recent report by Purbeck revealed that more than a third of SME loans…
The Autumn Budget confirmed that pensions and tax-efficient saving are entering a period of…
As the Government continues to put preventative fraud measures in place, it is essential…
Employee Ownership Trusts (EOTs) have become one of the UK’s fastest-growing business succession models…
The Christmas period can bring a welcome increase in sales and exciting growth opportunities,…
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Leading London accountancy business, Macalvins Group, is celebrating a major leap in the prestigious…
Over the next 12 months, many businesses will contract as economic pressures grow.
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While the Autumn Budget left many businesses and households uneasy, there is some welcome…
The deadline for submitting an online Self-Assessment tax return is now only two months…
One of London’s fastest growing accountancy groups, Macalvins Group, is urging taxpayers to review…
[xyz-ips snippet=”Autumn-Budget-2025″]
By Rashmi Pandya, FCCA With remote working becoming a more common practice in the workplace,…
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Managing your finances can seem like an overwhelming challenge from the outset, but you…
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With the Autumn Budget coming on 26 November, the Government is under pressure to…
From 1 February 2026, Companies House will be increasing the annual filing fee for…
By Darren Buckley and Tariq Husain Remember when you were younger and you were…
With 2025 entering its final months, it is the perfect time to pause, reflect…
Set to come into effect in April 2026, changes to Inheritance Tax (IHT) are…
With the Autumn Budget looming, Rachel Reeves appears keen to curry favour with business…
The way self-employed individuals, sole traders and landlords submit information to HM Revenue and…
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A major £2.4 billion error from HM Revenue and Customs (HMRC) has offered a…
Individuals and businesses are increasingly using Large Language Models (LLMs) for things such as…
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We had an incredible time hosting our Golf Day at Stanmore Golf Club on…
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At Macalvins, we believe planning for the future starts today. That’s why we’re excited…
The Government’s plan for small businesses, also known as The Backing Your Business Plan,…
The Government’s Making Tax Digital (MTD) for Income Tax is now only a matter…
When the Chancellor unveiled £26 billion in additional taxes and higher employer National Insurance…
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The Treasury is reportedly revisiting Inheritance Tax (IHT) as ministers hunt for extra revenue.…
HM Revenue and Customs (HMRC) has confirmed it uses AI to scan social media…
After months of uncertainty, Companies House has set the identity-verification deadline as 18 November…
Tax challenges are common for business owners as they look to ensure they are…
As a sole trader, it is important that you understand your tax obligations and…
Corporation Tax is a type of business tax that certain companies are required to…
The UK’s inflation rate remained at 3.8% for the second consecutive month, keeping costs…
Changes to the Small Business Rates Relief (SBRR) could arrive in the future with…
HM Revenue and Customs (HMRC) has announced that all pay-as-you-earn (PAYE) pension tax relief…
In the last 12 months, there has been a 60 per cent rise in…
Wednesday, 26 November 2025, has been confirmed as the day the Chancellor Rachel Reeves…
Energy regulator Ofgem has confirmed energy costs will increase by two per cent. The…
Sometimes the smallest mistake can trigger a corporate catastrophe, as WH Smith recently discovered.
HMRC has been working hard to modernise the current tax system to ensure it…
It’s become impossible to ignore the stories about councils across England teetering on the…
If you are a business owner or director of a UK-registered company, you will…
With the UK economy treading water ahead of the upcoming Autumn Budget, uncertainty continues…
Stock options have become a popular form of remuneration used by companies to incentivise…
The National Living Wage and National Minimum Wage continue to spark nationwide discussion as…
You might see us primarily as your tax and accounting advisers, but did you…
In today’s interconnected world, cyber‑risk has gone from a simple technical concern to an…
For a long time, pensions have offered a tax-efficient way to pass on wealth…
It can be confusing trying to keep pace with the changes to Companies House…
The CEO of Macalvins Group, Tariq Husain, has embarked on a month-long visit to…
As the Government continues its efforts to get public finances under control, new figures…
The CEO of Macalvins Group, Tariq Husain, has embarked on a month-long visit to…
HM Revenue and Customs (HMRC) has launched a trial which ends Corporation Tax reminder…
More than 35 million UK taxpayers will need to prepare for a brand-new service…
Anyone with even a passing interest in the UK’s economic landscape will have noticed…
Football is often viewed as the playground of wealthy owners, where fortunes are spent…
Individuals earning outside of their main employment may need to register for Self-Assessment and…
While the 2025 Spending Review focused on long-term investment rather than introducing new taxes,…
The UK Government has confirmed that it will reduce green levies for energy-intensive industries.…
57 per cent of small to medium-sized enterprises (SMEs) have warned of rising costs…
The way families make Child Benefit repayments to HM Revenue & Customs (HMRC) is…
HM Revenue and Customs (HMRC) is working to enhance compliance and improve efficiency with…
The tax gap, the difference between the amount of tax owed and collected, has…
From April 2026, the way you handle sick pay is going to change.
When the Government announced its trade strategy this week, I found myself thinking less…
If you are running a small limited company, there are some big changes coming…
If you are thinking about selling your business, property or other investments, keeping an…
The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a…
Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and…
The International Monetary Fund (IMF) has upgraded the UK’s 2025 GDP growth forecast to…
On 8 April 2025, Companies House introduced identity verification for those who make filings…
How much State Pension you get depends on your National Insurance (NI) record when…
It is not uncommon for directors of a company to take loans from the…
For owners preparing to sell, Business Asset Disposal Relief (BADR) can provide a valuable…
The Macalvins Group is strengthening its position in the accountancy and advisory market through…
There is a date each year when the average person’s earnings finally stop going…
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Effectively managing periods of trading difficulties can turn challenging circumstances into financial wins.
Since 1 April 2025, substantial increases to the National Minimum Wage (NMW) and National…
By Rashmi Pandya, Macalvins’ COO I don’t usually get dragged into courtroom drama, but…
A big change is coming for anyone earning income through self-employment or rental property.…
Recurring sickness and the eight-week trap Payroll errors seldom arise from one-off absences.
The recent rise in employers’ National Insurance Contributions (NICs) to 15 per cent will…
Cryptoassets make up a growing portion of the market, and businesses are increasingly looking…
HM Revenue & Customs (HMRC) will permanently close its free service for submitting Company…
With the abolishment of the specific tax considerations for Furnished Holiday Lets (FHL) from…
Recent Government estimates suggest that as much as £1.8 billion is lost every year…
Business owners who pay themselves through a combination of salary and dividends should revisit…
Capital allowances allow businesses to claim tax relief on money invested in assets like…
The Bank of England has dropped its base rate again, now sitting at 4.25…
The Government has confirmed that the requirement to payroll most benefit in kind (BIK)…
We work closely with individuals and businesses managing international tax, and I’m often asked…
If you have income or assets held abroad that have not been declared to…
HM Revenue & Customs (HMRC) has confirmed it will permanently close its free online…
Tax deadlines can sneak up on even the most organised business owners, but if…
If you’re self-employed and earning more than £20,000 a year, Making Tax Digital for…
VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a…
The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply…
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital…
Submitting your Self-Assessment tax return at the start of this tax year is a…
The new financial year will see many of the proposed changes announced in the…
From 6 April 2025, many directors will need to report dividend income in much…
There’s been a quiet but noticeable increase in interest around management buyouts (MBOs) in…
As of 6 April 2025, late tax payments are now subject to an 8.5…
When President Trump announced a blanket 10 per cent tariff on UK imports, my…
From 1 April 2025, changes to the National Minimum Wage (NMW) and National Living…
New tax reporting obligations are on the way, and they will affect hundreds of…
[spring-statement-2025]
As the 2024/25 tax year draws to a close, you should act now if…
Non-domiciled individuals (non-doms) with international asset portfolios will soon be impacted by some major…
Over the past year, HM Revenue & Customs (HMRC) has been tightening the net…
In a move that simplifies tax compliance and eases the burden on thousands of…
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If you are thinking about selling your business, timing could be everything. Business Asset…
From 6 April 2025, changes to employer National Insurance Contributions (NICs) will take effect,…
As the end of the tax year approaches, it is a good time to…
Upcoming changes to Inheritance Tax (IHT) will be phased in over the next two…
If you have had career breaks, worked abroad, or earned below the National Insurance…
President Trump’s tariff proposals are creating uncertainty in global markets. While the UK has…
From 1 April 2025, electric vehicle (EV) owners will have to start paying road…
With changes to Capital Gains Tax (CGT), Business Asset Disposal Relief (BADR), and Inheritance…
Landlords are constantly dealing with several financial challenges. The tax bills keep creeping up,…
From April 2026, HM Revenue & Customs (HMRC) is rolling out Making Tax Digital…
Running a business without a clear plan is a bit like setting off on…
The National Minimum Wage (NMW) is going up in April 2025. That means higher…
From 6 April 2025, significant changes will be introduced to the Furnished Holiday Let…
From April 2025, the way UK businesses are categorised is set to change, impacting…
If breeding and selling animals has turned into a source of income for you,…
Despite repeated calls for reform, the Government has shown little support for tackling chronic…
No matter how well-prepared you may think you are, things will not always go…
In January, the Government unveiled its Artificial Intelligence (AI) Opportunities Plan, outlining how the…
HM Revenue & Customs (HMRC) has recently issued One to Many (OTM) letters to…
From 1 April 2025, the National Minimum Wage will rise to £12.21 per hour…
Cybercriminals are ramping up their efforts to deceive businesses, using increasingly sophisticated phishing scams…
By Rashmi Pandya, Macalvins’ COO As President Donald Trump pushes ahead with his latest…
The clock is ticking for those looking to enhance their State Pension benefits, with…
The 31 January deadline for Self-Assessment has passed, and for the 1.1 million people…
Imagine this scenario. You have spent years, decades, ever, building your business.
The new tax year is coming up fast, and with it come some important…
Side hustles are a great way to increase your income, whether flipping furniture, running…
Inheritance Tax (IHT) is quickly becoming a larger burden for many families as increasing…
The April 2026 rollout of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA)…
The National Minimum Wage will rise to £12.21 per hour in April, offering a…
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As the 2025/26 tax year approaches, it brings several significant changes to HM Revenue…
HM Revenue & Customs (HMRC) has clarified that if your earnings from interest exceed…
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Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared…
The October Budget delivered a significant shake-up, with the Government hiking Capital Gains Tax…
As more businesses switch to electric vehicles (EVs), employees and directors often find themselves…
Macalvins, one of the UK’s top 100 accountancy firms, has led the successful sale…
Price increases are on the horizon for many UK businesses. With the British Chambers…
Directors’ loan accounts (DLAs) can be very useful – especially for owner-managed businesses –…
The creative sector contributes vibrancy and innovation to the economy, and the Government recognises…
Taxation for company vehicles is changing – again.
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Claiming allowable expenses when calculating taxable profit as a self-employed business owner is an…
Sometimes, paying your tax bill on time can be difficult when costs are high.…
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With Christmas right around the corner, many of you might be looking into ways…
As the 31 January 2025 Self-Assessment deadline looms, how confident are you in spotting…
By Rashmi Pandya, Macalvins’ COO With UK-India trade talks picking up steam, there is…
The Macalvins Group, a London-based accountancy group has made its debut in the prestigious…
How do you know when your startup is ready to scale?
The festive season offers the perfect opportunity to show your appreciation for your employees.
With the news that the United States, which imports around $3.35 trillion (£2.67 trillion)…
HM Revenue & Customs (HMRC) is set to overhaul benefit in kind (BiK) reporting,…
The Autumn Budget has clarified many tax planning areas, with one change set to…
In her Budget Day announcement, Chancellor Rachel Reeves has confirmed the Government’s plan to…
With Christmas just around the corner, businesses across the country are either gearing up…
Have you ever considered how a simple change in the Bank of England’s base…
In the recent Budget, Chancellor Rachel Reeves revealed an increase to the National Minimum…
Capital Gains Tax (CGT) was a significant target for the Chancellor in the Autumn…
In Chancellor Rachel Reeves’ 2024 Autumn Budget, she announced over £40 billion of tax…
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Recent research by Three Business indicates that tech-enabled SMEs could add an impressive £79…
In this year’s Autumn Budget, Chancellor Rachel Reeves announced that the majority of unspent…
The Government estimates that new obligations placed on employers under the Employment Rights Bill…
Career Development Month is the perfect opportunity to focus on nurturing your team’s growth…
The Autumn Budget brought substantial changes for small and medium-sized enterprises (SMEs).
By Rashmi Pandya, Macalvins’ COO When a firm like Blackstone chooses the UK for…
London Harrow and Mayfair-based accountancy firm, Macalvins Chartered Accountants, has warned that sweeping fiscal…
[xyz-ips snippet=”Autumn-Budget-2024″]
Financial forecasting is an essential part of managing a business.
Many business owners aspire to expand, but scaling up brings its own financial challenges.
If you are self-employed or a landlord, you have probably heard of Making Tax…
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The upcoming Budget has everyone talking, and with good reason.
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Capital allowances are a great way to reduce your tax liabilities by claiming deductions…
Taxpayers have a fundamental right to reclaim input tax, also referred to as input…
Labour’s Autumn Budget is just around the corner (30 October) and many businesses are…
Labour shortages, particularly in the hospitality sector, are creating significant challenges for many businesses…
There’s been talk for months that the October Budget might bring big changes to…
By Rashmi Pandya, Macalvins’ COO I’m hearing more and more questions from international businesses…
Supply chain disruptions are becoming an increasingly frequent challenge, affecting businesses of all sizes…
A PAYE Settlement Agreement (PSA) allows employers to cover the tax and National Insurance…
Optimism is on the rise for small and medium-sized enterprises (SMEs). Confidence has grown…
The countdown is on to 30 October and the Budget, which could bring big…
The UK is swiftly positioning itself as a leading destination for foreign investment, with…
International expansion offers exciting growth opportunities but comes with complex tax considerations. As tax…
With the rise of remote working, hiring talented professionals from across the globe is…
Pillar Two, a global tax reform initiative by the OECD, is currently aimed at…
Global trade is becoming increasingly challenging due to rising protectionism and market fragmentation. However,…
For international businesses entering the UK, setting up payroll can seem daunting due to…
By Shailesh Patel FCA, Partner With the next UK Budget scheduled for 30th October…
When you’re self-employed, keeping track of essential dates and deadlines can be challenging. One…
The furnished holiday lettings (FHL) tax regime is set to be scrapped from April…
While we’ve made meaningful progress in the global energy transition, the pace is still…
Your environmental, social and governance (ESG) strategy might just pave the way to growth…
Having the right team that aligns with your goals and values is key to…
HMRC has begun to issue ‘nudge letters’ to cryptoasset owners who may have underpaid…
As a freelancer, you’ve probably experienced the freedom and flexibility that it come with.
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As National Payroll Week rolls around, it’s the perfect opportunity to take a step…
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As National Payroll Week kicks off, Macalvins, a leading London-based accountancy firm, is shining…
Recent data from Xero Small Business revealed that late payments have increased, with delays…
In the past year, there has been a dramatic 63 per cent rise in…
HM Revenue & Customs (HMRC) has issued letters to over 140,000 pensioners who have…
Recent changes introduced by the previous Government have adjusted the thresholds for company size…
The first Budget under the new Labour Government is scheduled for 30 October 2024.…
Last month, King Charles’s address to Parliament highlighted the new Labour Government’s legislative priorities…
As AI increasingly becomes a staple in UK businesses, it’s essential to be aware…
By Rashmi Pandya, Macalvins’ COO Recent news of the UK and Türkiye’s negotiations to…
I am curious to see if the latest developments surrounding the new UK Government’s…
Expanding your business globally is an exhilarating journey filled with numerous opportunities. However, the…
As a business owner in the UK, it’s essential to continuously seek ways to…
You might currently be considering ways to address short-term personal cash needs for financing…
Every visionary entrepreneur understands the importance of a strategic and meticulously crafted plan for…
The fledgling British Government’s commitment to investing in UK industry looks like springing into…
The latest Scottish Widows 2024 retirement report reveals a worsening pensions crisis, with the…
The role of a practice leader is crucial in guiding a firm towards success.…
Political shake-ups such as the recent change of Government can cause uncertainty for small…
Setting up payroll for UK employees can be a complex process, especially for international…
With the recent HM Revenue & Customs (HMRC) warnings, businesses operating workplace nursery schemes…
The Labour Government’s recent announcement of the National Wealth Fund has generated considerable excitement…
The recent resignation of Gareth Southgate as England manager, after an impressive eight-year tenure,…
Recent changes by HM Revenue & Customs (HMRC) have altered the method for processing…
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When developing your business exit and succession strategy, you must consider all possible avenues,…
Whether the hot weather lasts or not, summer is here to stay, bringing with…
HM Treasury has taken £77.2 billion in Income Tax and National Insurance (NI) since…
Invoice fraud, affecting one in three companies, involves deceptive practices that trick businesses into…
The new UK Government has been formed. Despite the Labour Party’s campaign and pledges…
Private equity investment has been a significant force in the financial world for some…
As the sun rose on Friday morning, Labour began its celebration of a significant…
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Running a successful business means keeping a close eye on your company’s financial health.…
As an employer, it’s important to support your team not just in the workplace,…
HM Revenue & Customs (HMRC) has issued its updated guidance on salaried members in…
The Consultative Committee of Accountancy Bodies (CCAB) has released the 2024 edition of its…
HM Revenue & Customs (HMRC) has warned that a new wave of fraudulent text…
As of 1st May 2024, Companies House has implemented revised fees, marking a significant…
HM Revenue & Customs (HMRC) has recently announced new Advisory Fuel Rates (AFRs) that…
We often find that clients begin to show signs of stress when the Self-Assessment…
By Pankaj Rajani, Partner & Co-Founder With the rise of remote work, hiring talented…
With inflation and price rises over the last few years, many businesses may find…
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Expanding your business internationally presents exciting opportunities for growth. However, it also involves navigating…
Have you recently started an online business?
The rates have risen for statutory pay such as maternity or sick pay, so…
Struggling to pay your tax bill and not sure what you should do? Here’s…
Hong Kong has recently introduced a new patent-box tax incentive aimed at fostering innovation…
When considering the essential components of a high-performing team, an accountant’s role may not…
An international secondment involves temporarily transferring one of your employees to work in a…
When you’ve found the perfect candidate for your business, you don’t want to waste…
The Government continues to freeze both the personal allowance and the higher-rate income tax…
Child benefit supports parents or guardians of children under 16, or under 20 if…
With the 6 July deadline nearing, it is essential to understand the updated reporting…
In its latest research into the UK’s SME economy, NatWest Group has identified an…
If you are a Self-Assessment taxpayer, it is almost time to make your second…
The Department of Business & Trade (DBT) has released the finalised draft of the…
Starting and growing a business is an aspiration that many entrepreneurs have. However, ensuring…
If your net income is between £100,000 and £150,000, you should expect a letter…
There are different tax reliefs and reductions available for Furnished Holiday Lets (FHLs) and…
From company cars to private medical insurance and travel expenses to childcare vouchers, benefits…
By Mridul Khariwal, Partner at Macalvins Once your business transitions into a Public Interest…
Late payments can significantly impact small businesses across the UK, affecting cash flow, growth…
We recently had some interesting news from the Spring Budget 2024. The UK Government…
The way our society is working has changed, with the ability to now earn…
Accountants are vital to the success of small businesses, offering expert guidance through the…
Management Accounts are regularly prepared reports intended for internal management and external stakeholders and…
From 6 April 2026, self-employed individuals must comply with Making Tax Digital (MTD) for…
There is an inherent degree of risk in any business growth strategy – but…
A survey by the Bank of England (BoE) and the Department of Business and…
New research by Marktlink suggests that around 33 per cent of UK business owners…
HM Revenue & Customs (HMRC) recently reported a £2 billion increase in income tax…
From 6 April 2024, UK redundancy rules will change, particularly surrounding pregnant employees and…
With the start of the new tax year, taxpayers can expect significant changes that…
Reviewing your payroll and ensuring it reflects the latest tax, holiday, and minimum wage…
HM Revenue & Customs (HMRC) has rolled out a new policy aimed at reducing…
Currently, 1.2 million people use the HMRC app every month as a simple and…
To be a successful business owner, you need to be many things.
The Government are trying to tackle housing shortages in areas of high demand for…
By Aarohi Shah, FCCA, BCom, Partner Employment Allowance offers a significant opportunity for SMEs…
By Mridul Khariwal, Partner 2024 has presented us so far with some serious economic…
The introduction of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is…
In a significant development for the hospitality industry, the Employment (Allocation of Tips) Act…
The initial provisions of the Economic Crime and Corporate Transparency Act 2023 came into…
If you are a business owner and work or run your business from home,…
Following changes to the Working Time Regulations 1998 in January 2024, further amendments are…
You may have already heard that the Chancellor, Jeremy Hunt, has announced an end…
The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face of an…
From April, the rates of Statutory Sick Pay and the National Minimum Wage will…
Pension contributions can be an excellent way to reduce your tax obligations.
These days, many businesses are already familiar with cloud accounting software and its benefits.
Amongst the changes made by the Chancellor in the Spring Budget, there was a…
A very common question you hear is, “Do you need to be good at…
As an employer, it is your responsibility to ensure that your staff are being…
Unincorporated businesses like sole traders and partnerships, are subject to different taxes than limited…
Dividends can be a great way to earn supplementary money to your normal salary…
Apprenticeships offer a great opportunity for individuals to gain lifelong skills, but the benefits…
Value Added Tax (VAT) impacts how businesses price their products and services, manage their…
Recently, we’ve been answering a lot of questions about the Economic Crime and Corporate…
On 4 March 2024, new regulations came into force affecting UK-registered businesses that file…
By Muntazir Bhimji, FCCA, Partner The UK economy is built on SMEs and innovative…
Deciding to outsource your accounting is a substantial move and you need to make…
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By Mridul Khariwal, Partner We often help our clients with business planning strategies and techniques…
The dynamic landscape of the film industry sees an increasingly significant contribution from India,…
By Tariq Husain, CEO, Macalvins With over 11.5 million returns submitted by the 31…
By Rashmi Pandya, COO of Macalvins and David Kerr, Commercial Director of Macalvins Historically…
HM Revenue & Customs (HMRC) has made a significant change to the way that…
There is a series of impending changes to UK company law as a result…
Starting in April 2026, UK employers will have to include the benefits they give…
The Government plans to introduce new legislation to help parents who earn more money…
Businesses may be able to reclaim significant amounts of National Insurance Contributions (NICs) and…
Are you a sole trader or a member of a partnership? Here is what…
Making Tax Digital (MTD), a key part of HM Revenue & Customs’ (HMRC) strategy…
By Munatzir Bhimji, FCCA, Partner. Tax represents one of any company’s most significant expenses.
When it comes to retirement, we all want things to run smoothly.
If you run a business, you will no doubt be acutely aware of the…
By Mridul Khariwal, Partner In 2022, the London Stock Exchange – one of the…
By Rashmi Pandya, FCCA, COO Expanding a successful UK business globally is an exciting…
In recent news, HM Revenue & Customs (HMRC) has stepped up its game in…
HM Revenue & Customs (HMRC) is now using new powers granted to them by…
As a small business owner, embracing environmentally friendly practices not only supports a sustainable…
In 2024, small and medium-sized enterprises (SMEs) will face a brand-new set of challenges…
Despite many owners’ fears, insolvency is avoidable through well-thought-out financial strategies and careful planning.…
For limited companies registered and operating in the UK, one of the requirements that…
As the crypto asset sector grows, with an annual growth rate predicted to reach…
Making employees feel valued is critical for their morale, engagement, and overall well-being. Often,…
The Self-Assessment deadline is rapidly approaching and there’s a growing sense of urgency among…
Business owners, both big and small, argue that the right team is a determining…
As we go into the new year, businesses need to be prepared for the…
As 2024 approaches, many business owners are seeking to embrace the season of change…
In the world of business, cash flow is king and, for small business owners,…
During the 2023 Autumn Statement, Chancellor Jeremy Hunt made a significant announcement about investment…
In retirement planning, you may encounter a multitude of options and strategies to increase…
Alongside measures designed to support growing businesses and workers, the Chancellor’s 2023 Autumn Statement…
Designed to reduce the tax gap and simplify tax management for individuals and businesses,…
Chancellor Jeremy Hunt has announced a number of reforms to policies concerning businesses and…
Recent announcements from HM Revenue & Customs (HMRC) have indicated significant changes to the…
If you run your own business, you may have considered receiving or providing director’s…
In the UK, Income Tax is a significant consideration for individuals and businesses. Understanding…
Crypto assets, an investment that was previously thought to be tax-free and unregulated, are…
In today’s fast-paced financial landscape, digital assets are becoming an increasingly prominent part of…
Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is a cornerstone of the…
The London Harrow and Mayfair-based accountancy firm Macalvins Chartered Accountants warns that measures announced…
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Last week, His Majesty the King set the stage for a series of potential…
His Majesty the King’s speech is a pivotal moment for businesses and financial experts,…
The recent survey by the British Chambers of Commerce (BCC) reveals a concerning lack…
The recent update to HM Revenue & Customs’ (HMRC) Employment Income Manual is a…
Inheritance tax (IHT) can be a sore subject for some taxpayers, especially when it…
Recent years have held a lot of uncertainty for small and medium-sized enterprises (SMEs)…
Financial initiatives to support business growth are continually being announced by the Government, local…
Making sure you’re paying the right amount of tax can be taxing! If you…
The recent Royal Assent of the Economic Crime and Corporate Transparency Act introduces robust…
Accounting, for many, may feel like a realm fraught with shadows.
Audits are often viewed as daunting and stressful endeavours, but they need not be.
Recent findings from the #SBS State of the Nation Roundtable report indicate that a…
HM Revenue & Customs (HMRC) has initiated a consultation on revising the rules for…
HM Revenue and Customs (HMRC) has announced a notable surge in Corporation Tax receipts…
HM Revenue & Customs (HMRC) is actively campaigning to ensure that workers from abroad,…
Companies are anxiously awaiting the forthcoming Autumn Statement, which could significantly alter taxation obligations.…
Research and development (R&D) tax credits serve as an essential means to counterbalance your…
Accounts receivable is often a confusing term for business owners and entrepreneurs alike.
When it comes to managing your business finances, choosing the right accounting method can…
Many business owners look into stocks and shares when seeking to diversify their investment…
The Chancellor of the Exchequer has committed to a rise in the National Living…
The numerous tax liabilities involved with owning and managing a limited company make efficient…
HM Revenue and Customs (HMRC) has recently introduced an array of innovative digital tools…
By Mridul Khariwal, Audit Director at Macalvins Group In the field of auditing within…
Partnerships have unique tax considerations that set them apart from other businesses like sole…
One thing that can significantly limit your business – even from its very inception…
In an era where technology is continually transforming industries, it is imperative for small…
Companies House is cautioning businesses to submit their company accounts on time to evade…
Following the fourteenth successive rise in interest rates since 2021, a common question among…
A period of stagnation, characterised by minimal or no economic growth, can pose serious…
If you operate a business within the creative sector, you might be able to…
Running a small business comes with its own set of challenges, especially when it…
HM Revenue & Customs (HMRC) has rolled out a new initiative known as “open…
If you’re a director, shareholder, or closely related party in a company, having an…
The deadline for your online Income Tax Self-Assessment (ITSA) is 31 January 2024.
A legislative proposal to broaden the scope of the auto-enrolment (AE) programme has successfully…
In the ever-changing world of business, monetary foresight is not just a luxury, but…
One of the most important rules of growing and maintaining your business is the…
Managing your finances effectively is crucial for the growth and survival of a business.
Hong Kong has been a port of trade and economic prosperity since ancient times.
In December 2022, the timetable for the introduction of Making Tax Digital for Income…
Investing in financial markets can seem complex, full of numerous strategies and choices. A…
Income protection insurance, a key aspect of financial planning, is often brushed aside. People…
Over the past five years, an astounding £1.3 billion of pension tax relief has…
Starting from 8 August 2023, all claims for Research and Development (R&D) Tax Credits…
Pension tax overpayments shot up to £56 million in the second quarter of 2023.…
Introduced in 2014, Employee Ownership Trusts (EOTs) give a good alternative to the usual…
Many people think accountants only deal with taxes and ensure their clients remain compliant…
The High-Income Child Benefit Charge, or HICBC, is a tax, impacting households where at…
Recently, the Government identified over 200 businesses, of various sizes and from diverse sectors,…
The journey of starting and nurturing a business from its infancy is both exhilarating…
The UK Government is considering a legislative adjustment that could see taxi operators across…
Tax disputes can put a significant strain on your business, so knowing how to…
Despite predictions that the rate of inflation would slow down, figures had only fallen…
HM Revenue & Customs (HMRC) have stated that despite predictions, the tax gap has…
Recent research has revealed an increase in the number of individuals earning income through…
Even the most successful businesses can face bumps in the road when the stability…
New studies from a money management company called Evelyn Partners show that most people…
For a while now, small and medium-sized businesses (SMEs) have had a hard time…
As a director or business owner, you may be able to pay less tax…
Running a successful business requires careful attention to numerous critical aspects, and staying on…
If you’re a small business owner, you have a lot of responsibilities to juggle…
The recent advances in trade between the UK and the US indicate a potentially…
The impending Renters Reform Bill is set to be the most significant change in…
As a business owner, you need to be aware of IR35, especially if you…
You work hard to make your business successful, so you want to make sure…
People with pensions based in Hong Kong or those looking to work in the…
For non-profit organisations, securing grants and funding can be a daunting task.
Staff at London-based accountancy firm Macalvins are celebrating the promotion of Aarohi Shah and…
If you aim to grow your business, you must consider whether your staff have…
Many businesses assume that audits are only necessary when legally required or requested by…
Cash flow management is an essential aspect of monitoring your business’s growth and being…
While the rise in interest rates is welcome to many, savers are facing the…
For many individuals in the UK, gifting to grandchildren can be a great way…
If you own a small business and are also a shareholder director, you may…
Keeping on top of your business’s financial health is critical to its success. A…
A major overhaul of VAT penalties came into effect at the beginning of 2023.…
Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will now come into…
Small business owners need to take measures to avoid costly mistakes when it comes…
Making a real difference to our clients’ business and personal finances has always been…
Every business needs sound financial planning and oversight in order to thrive. With the…
Grants provide a great opportunity to fund projects and research that will support your…
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If you are a small business owner, you may be wondering whether you need…
Harrow and Mayfair-based international accountancy firm Macalvins has taken the next step in the…
You can’t predict the future, but your business will inevitably face challenges as we…
VAT returns can be a complex part of your business and you may have…
Parents fretting about childcare during the school holidays are being reminded that they can save…
Taxpayers who use QR codes to make payments on their mobile devices have been…
Keeping on top of your VAT responsibilities as a small business can be difficult.
The Government has announced a consultation into the allocation of R&D tax credits following…
As a business owner, you should always be looking for ways to improve your…
Taxpayers claiming rebates via third parties like repayment agents will be protected under proposed…
With the nation’s Net Zero goal in mind, we’re all working towards becoming more…
Businesses across the UK are bracing themselves for a financial shock when support with…
SME business owners, including serial entrepreneurs, are set to benefit from enhanced opportunities to…
If you are looking to grow your business, trading internationally can be a great…
You might not be planning on selling your business for a long time. But…
It’s been a year of change, with three Prime Ministers, three Budgets, roaring inflation…
The deadline for updating the Register of Overseas Entities is approach on 31 January…
Millions of new taxpayers will be created by the extended freeze on the income…
Planning for the future is essential when running a business and, ideally, you should…
Chancellor Jeremy Hunt has announced a series of changes to the UK research and…
Companies House has gone fully digital after the announcement of the closure of its…
The exemption for paying Capital Gains Tax (CGT) is changing. The CGT annual exemption…
Just relying on your state pension in later life could leave you suffering a…
Given the pandemonium around the gilts market after the Mini-Budget in September, it would…
We are delighted to announce that Macalvins has become a member of PrimeGlobal, an…
As more and more Hong Kong citizens settle in Britain, a survey found 42.5…
It is compulsory for businesses to register for VAT if your taxable turnover for…
When you come to retirement age, you want to make sure you are receiving…
Achieving Net Zero is a milestone that many businesses are hoping to reach. So,…
The message from the Chancellor, Jeremy Hunt, in the days before he rose to…
Inflation has been described as paying £15 for the £10 haircut you used to…
The season of goodwill is just around the corner as Christmas approaches. It is…
If you are an owner of a limited company, taking money out of your…
Investing in property can still provide a strong return, but it needs careful planning…
HM Revenue & Customs (HMRC) is introducing a new point-based VAT penalty system from…
It is a fairly cliched saying, but you really shouldn’t “put all your eggs…
Many landlords and property investors, including a significant number of people investing to supplement…
As a business owner, you have a lot on your plate, especially with inflation…
There are many reasons to be concerned in light of the current climate and…
The message from the Chancellor, Jeremy Hunt, in the days before he rose to…
More than 80 percent of SMEs want to switch to EVs, could you be…
Management accounts are monthly or quarterly reports, providing you with regular updates on the…
Another tax deadline is rapidly approaching, and Self-Assessment taxpayers are being reminded that they…
From 1 January 2023, new VAT late filing and payment penalties will apply to…
British industry is still struggling to recruit staff, with manufacturing and hospitality firms the…
Businesses involved in Research & Development (R&D) are being invited to give their views…
Whether you’ve dreamed of starting your own business for years or it has been…
The markets have experienced considerable volatility as a result of the ‘Growth Plan’ delivered…
We are all trying to be a bit more eco-conscious. An electric car might…
It is compulsory for your business to register for VAT if your taxable turnover…
No one wants to be paying too much tax and if you are, you…
The Government’s mini-Budget has been welcomed by many businesses, following a raft of measures…
Ask anyone who either uses their vehicle for business reasons, or puts fuel in…
HM Revenue & Customs (HMRC) has announced plans to offer a recurring direct debit…
A new study has revealed the cashflow struggles faced by small businesses across the…
With fluctuating incomes and the costs of living hitting businesses and individuals alike, people…
The Recovery Loan Scheme, which helped businesses throughout the pandemic, has been extended for…
The current high levels of inflation are having a wide range of effects on…
Until you come face-to-face with the reality of selling a business, it is easy…
The Government has unveiled its plans to help cut energy bills for businesses, capping…
With a new King at the Palace and a new Prime Minister at Number…
The British pound has fallen significantly in value against the US dollar in the…
There will inevitably be a time when you either wish, or have, to leave…
The National Lottery Community Fund has re-launched The People’s Projects, which provides important funding…
The regulation of the duties of pension trustees and advisers will change next month.
From 1 November 2022, VAT-registered businesses will have no choice but to use Making…
