Modern accounting
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UK Company Size Thresholds: An Update
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...
Key takeaways from the Chancellor’s Spring Statement
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...
Deal Announcement: Acquisition of RK Silver Limited
We are pleased to announce that Palehouse Group Limited, a special purpose vehicle set up to make the acquisition, has completed the purchase of the trade and assets of RK Silver Limited. David Harris contacted Foxley Kingham for assistance. Steve Sansom explained the...
Deal Announcement: Design and Management Consultants Limited
We are pleased to announce that Design and Management Consultants Limited, a special purpose vehicle set up to make the acquisition, has completed the purchase of the trade and assets of Elluc Projects Limited. Design and Management Consultants Limited provides...
Understanding Cash Basis – Is It Right For You?
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...
2025 Triennial Review: What SMEs Need to Know About Lease Accounting Changes
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...
Guidance for GPs – how to run a successful practice
General Practitioners are facing a number of challenges in today’s economic climate – increasing patient demand, pressure on services, and incoming National Insurance hikes. All of these combined with the demand of the job mean it’s more important than ever to ensure...
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