Business
Garden Office – What You Need to Know!
Garden Office – What You Need to Know! With people continuing to work from home, many UK business owners, freelancers, and remote workers are eyeing up their garden as the perfect spot for a dedicated home office. But the question is: Can you put your garden office through your business and claim it as a…
Read MoreNational living wage rate goes up 4.1%
National living wage rate goes up 4.1% The government has confirmed above inflation rises in the national living wage with a 4.1% rise, while national minimum wage will go up 8.5% from 1 April 2026. This year’s hike to national living wage is down on last year’s 6.7%, which caught employers off guard. This time…
Read MoreEmployer NI up 23% with a record amount paid of £93.7bn
Employer NI up 23% with a record amount paid of £93.7bn Businesses hit by soaring employer national insurance (NI) raise billions in extra tax for the Treasury in first eight months of the tax year. The latest HMRC figures for November 2025 showed the tax take from employer NI was up 23%, with a record…
Read MoreHMRC cuts late payment interest rate to 7.75%
HMRC cuts late payment interest rate to 7.75% Following the recent cut in base rate, HMRC is going to reduce interest rates on late payments in the second week of January. HMRC interest rates for late payment and repayment will reduce by 0.25%. Late payment rates reduce to 7.75% from 9 January, while repayment rates reduce…
Read MoreKennedys Accounting Ltd becomes the First Odoo Silver Accounting Partner in the UK
Kennedys Accounting Ltd becomes the First Odoo Silver Accounting Partner in the UK Kennedys Accounting is proud to announce that we are now the first Odoo Silver Accounting Partner in the United Kingdom, marking a major milestone for both Kennedys Accounting and the UK Odoo community. This recognition makes Kennedys Accounting the largest provider of…
Read MoreBudget 2025 – Dividend tax up 2% from 2026
Budget 2025 – Dividend tax up 2% from 2026 From the next tax year in April 2026, the base and higher rates of tax on dividend income will increase by 2% to 10.75% for basic-rate taxpayers and 35.75% for higher and additional rate taxpayers. The current £500 of exempted tax-free dividend income will not change,…
Read MoreBudget 2025 – Homeworking tax relief abolished
Budget 2025 – Homeworking tax relief abolished An estimated 300,000 employees who work from home will be out of pocket after the abolition of £62 homeworking tax relief from April. In a minor announcement which appears to have gone under the radar, the government scrapped non-reimbursed homeworking expenses. This measure only applies to those employees…
Read MoreBudget 2025 – Late Corporation Tax filings – Penalties have doubled
Budget 2025 – Late Corporation Tax filings – Penalties have doubled As part of the November 2025 budget, the government announced that the penalty regime needed to be updated to ‘counteract the effect of inflation since the penalties were introduced’ nearly 30 years ago back in 1998. This measure was one of many in the…
Read MoreID 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 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…
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