Business
Are You at Risk from HMRC Spotlight 63? | Kennedys Accounting
Are You at Risk from HMRC Spotlight 63? | Kennedys Accounting Find out whether you could be affected by HMRC Spotlight 63. Expert advice for landlords and property investors from Kennedys Accounting. Book your confidential consultation today. If you’re a landlord or property investor, you could be affected by HMRC Spotlight 63 if you’ve used,…
Read MoreWhat is HMRC Spotlight 63? Expert Advice for Landlords | Kennedys Accounting
What is HMRC Spotlight 63? Expert Advice for Landlords | Kennedys Accounting Learn what HMRC Spotlight 63 means for landlords and property investors. Discover who is affected, the risks involved and how Kennedys Accounting can help you stay compliant. HMRC Spotlight 63 is guidance issued by HMRC warning against certain hybrid partnership arrangements used by…
Read MoreHoliday Carry-Over After Maternity Leave: What Employers Need to Know
Holiday Carry-Over After Maternity Leave: What Employers Need to Know When an employee returns from maternity leave with untaken holiday, employers need to manage both the legal position and business cover. The key point is that holiday continues to accrue during maternity leave and, where the employee could not take it because they were on…
Read MoreHMRC Is Sending Thousands of Crypto Tax Letters — Here’s What UK Crypto Holders Need to Know
HMRC Is Sending Thousands of Crypto Tax Letters — Here’s What UK Crypto Holders Need to Know Crypto tax is no longer something investors can afford to ignore. HMRC is increasing its focus on digital assets, and a growing number of UK investors are being contacted about possible Capital Gains Tax liabilities. Why this matters…
Read MoreCompanies House is cleaning up the register — here’s what SMEs need to know
Companies House is cleaning up the register — here’s what SMEs need to know Companies House has published its latest update on the Economic Crime and Corporate Transparency Act 2023 — and for small and medium-sized businesses, the message is simple: the register is becoming more active, more scrutinised and harder to ignore. Since March…
Read MoreHMRC and Directors’ Loans: What Small Business Owners Need to Know
HMRC and Directors’ Loans: What Small Business Owners Need to Know If you run a limited company, HMRC may soon want more detail about money moving between you and your business. Proposed reporting changes for close companies could affect how directors’ loans, dividends, reimbursements and other payments are recorded. HMRC says the proposals are intended…
Read MorePaternity Leave update
Paternity Leave update What are the paternity leave rules if a father is hired after their baby is born? Question: We have a new employee starting at the business on 27 June 2026. Their baby was born on 7 June 2026. They have asked to take a week of paternity leave in September 2026. Are…
Read MoreVAT and PAYE payments to be made by direct debit
VAT and PAYE payments to be made by direct debit HMRC has set out plans that require mandatory direct debit payments for VAT and PAYE affecting up to 87% of current registered businesses and sole traders. This will equate to a massive change for VAT and PAYE as HMRC consults on the plan, which requires…
Read MoreCompanies House – Keeping your standard industrial classification (SIC) code accurate
Companies House – Keeping your standard industrial classification (SIC) code accurate When you incorporate a company, one of the first things you need to tell Companies House is what your business does. This is undertaken by selecting a standard industrial classification (SIC) code – a 5-digit code that describes your company’s activity. SIC codes might seem like a…
Read MoreApril 2028 – Profit & Loss mandatory for Small Companies
April 2028 – Profit & Loss mandatory for Small Companies After months of delay, the government has decided to go ahead with balance sheet and profit and loss (P&L) filing for small companies and micro-entities from 1 April 2028, but with a major caveat after intense lobbying against the plans. While it has been confirmed…
Read More