Posts by Nettie Buss
ID verification for company directors
ID verification for company directors New legal requirements will take effect from 18 November 2025, requiring both directors and persons with significant control (PSCs) of companies to verify their identities with Companies House. This is part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA), for which the objective is to improve the quality…
Read MoreHMRC sends 65,000 ‘nudge’ letters to crypto traders
HMRC sends 65,000 ‘nudge’ letters to crypto traders In a push to improve tax compliance, HMRC has sent out over 65,000 nudge letters to ‘hobby crypto traders’ it suspects are underpaying tax on gains. There is an estimated £12.9bn held by UK taxpayers in crypto, up from £7.8bn in 2022. HMRC has decided it is…
Read MoreCompanies House announces fees will escalate from 2026
Companies House announces fees will escalate from 2026 Companies House has announced it plans to increase their fees. With company incorporation increasing to £100 from the current £50, and confirmation statements to £50 from £34, affecting both companies and limited liability partnerships (LLPs) filing digitally. While anybody still filing via paper will also see their…
Read MoreBonfire Night and the Sparkler of Good Accounting
Bonfire Night and the Sparkler of Good Accounting As the skies light up with fireworks this Bonfire Night, it’s a great reminder that — much like a dazzling firework display — a successful business needs careful planning, timing and control. Behind every impressive firework show lies meticulous budgeting, risk assessment, and organisation. Too little planning,…
Read MoreThe Economic Crime and Corporate Transparency Act at Companies House – what are the changes?
The Economic Crime and Corporate Transparency Act at Companies House – what are the changes? Company name abuse Previously – Companies House had limited powers to combat misleading company names being registered. Now – Companies House can reject names at incorporation, request changes and annotate or remove records. Companies House investigated a number of cloned restaurant companies in 2024,…
Read MoreTax or Treat? Face your financial frights this Halloween!
Tax or Treat? Face your financial frights this Halloween! Many people, especially children, love the thrill of being scared and startled by ghosts, witches, and vampires at Halloween. While many enjoy the fear and excitement associated with this horror-filled holiday, don’t let your taxes and financial future bring you a fright this Halloween. Let’s face…
Read MoreThe impact of the Economic Crime and Corporate Transparency Act on Companies House
The impact of the Economic Crime and Corporate Transparency Act on Companies House In March last year, the first reforms brought about by the Economic Crime and Corporate Transparency Act 2023 came into effect and the changes granted Companies House enhanced powers to tackle corporate abuse and fraud. Before the act became law, company registration…
Read MoreAre you taking accounting advice from TikTok posts – check out the advice and some of the misleading findings below.
Are you taking accounting advice from TikTok posts – check out the advice and some of the misleading findings below. Here are seven top tips on common TikTok myths, why they are wrong and what to look out for to avoid a HMRC penalty down the road. Myth 1. You can claim anything as a…
Read MoreChanges at Companies House continue to impact – are you ready?
Changes at Companies House continue to impact – are you ready? From 18 November 2025, if you are a company director or a person with significant control (PSC), you must verify your identity, as this is the date the Companies House register will be updated. There are 2 ways to verify your identity for Companies…
Read MoreSelf Assessment tax up £3.3bn in July 2025
Self Assessment tax up £3.3bn in July 2025 PAYE income tax and employee national insurance contribution (NICs) receipts for April 2025 to July 2025 were £160.6bn, which is £13.5bn higher than the same period last year. In July 2025 the total self-assessment income tax hit £15.48bn, up from £12.76bn in July 2024. A similar hike in employees…
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