HMA ACCOUNTANTS

News

News

Changes to the calculation of Income Tax

A number of changes to the taxation of dividends, property income and savings income were...

Increase in company late filing penalties

After the end of its financial year, a private limited company must prepare full annual...

Accelerate Return on Investment

The speed with which a business can achieve a return on investment is often just...

Reducing energy consumption

Reducing energy intensity is one of the most practical ways for small businesses to protect...

Loans to Participators

There are special rules to prevent close companies, generally companies controlled by a small group...

What Is a person with significant control?

A person with significant control (PSC) is someone who owns or exercises significant influence over...

Meaning of “bona vacantia”

Bona vacantia is Latin term meaning “ownerless goods”. The bodies that deal with bona vacantia...

Reclaiming VAT on a self-build home project

Reclaiming VAT on a self-build home project can significantly reduce the overall cost of building...

Claiming a tax refund from HMRC

If you have paid too much tax to HMRC, you may be able to claim...

Changes to reporting of BiKs

Mandatory payrolling of benefits in kind (BiKs) and taxable employment expenses will be introduced from...

Spring Statement 2026

The Chancellor’s Spring Statement, presented to Parliament 3 March 2026, was packed with political content...

Why disregarding the minimum wage constitutes modern slavery

The National Minimum Wage (NMW) Act 1998 remains contentious, especially after the introduction of the...

AI and the future of work: why healthcare remains resilient

As artificial intelligence becomes embedded in everyday business activity, many clients are asking how it...

Renewed conflict in the Middle East

Renewed conflict in the Middle East is already having knock on effects for the global...

Meaning of trade for tax purposes

The meaning of trade for tax purposes, often referred to as HMRC’s “badges of trade”...