9 Jan 2026 | Accounting, Business owners, Financial planning, FK news, Tax planning
The new year marks our move into the final months of the tax year; a time when many businesses face a familiar but increasingly challenging environment. Margins are tighter than they were a few years ago, thresholds remain frozen, borrowing costs are higher, and both...
9 May 2025 | Accounting, Business owners, Financial planning, FK news, Making tax digital, Payroll services, Tax compliance, Tax planning
The change of government and advancement in technology has brought about significant changes over the last few years. And – as we’re probably all aware – there’s more still to come. With the aim of keeping you abreast of what these changes mean for you, the...
8 Apr 2025 | Audit & assurance, Business owners, Financial planning, FK news, Owner managed business, Payroll services
You may remember our article from July 2024 – Changes to the UK company size thresholds – what you need to know. In this article we outlined the proposed changes to the thresholds that were being reviewed as part of the governments aim to modernise the UK corporate...
27 Mar 2025 | Accounting, Audit & assurance, Bookkeeping, Business owners, Business strategy, Inheritance tax, Making tax digital, Payroll services, Personal tax, Professional services, Self assessment, Tax compliance, Tax investigation, Tax planning, Trusts, VAT
October last year marked the first Labour budget in over a decade – and as expected, it held a large number of changes that affected individuals and businesses in unequal measure. As a ‘halfway point’ designed to give the Chancellor an opportunity to outline progress...
14 Mar 2025 | Accounting, Business owners, FK news
The cash basis of accounting 2024/25 brought a shift in how profits are calculated for sole traders and partnerships. In the majority of cases, profits have historically been calculated on the accruals basis. This means income and expenses are recorded when the...
28 Feb 2025 | Accounting, Audit & assurance, Business owners, Charities & not for profit, Construction, Corporate finance, Financial planning, FK news, Manufacturing & engineering, Professional services, Property, Tax planning
Last month we reported on a series of changes announced to the Financial Reporting Standard 102 – known as the 2025 Triennial Review. One of the major impacts on many small businesses will be changes to lease accounting. This will directly affect how SMEs accounts are...
