HMA ACCOUNTANTS

News

News

New First Year Allowance from 1 January 2026

The new 40% First Year Allowance (FYA) for qualifying main-rate plant and machinery expenditure first...

Suing whistleblowers for a breach of confidence is not a viable strategy

The Court of Appeal has ruled that the initiation of legal or arbitral proceedings by...

Saving to pay tax

For many individuals and business owners, paying tax is one of the largest regular financial...

Learning from mistakes in business

Making mistakes in business is unavoidable. No matter how experienced or careful someone is, decisions...

HMRC’s Time to Pay service

With the 31 January deadline approaching, thousands of taxpayers are using HMRC’s Time to Pay...

Avoiding the car fuel benefit charge

Employees with company cars may be paying unnecessary tax on private fuel, when reimbursing the...

Nominating a property as your home

Owning more than one home can create valuable Capital Gains Tax planning opportunities, but only...

VAT Annual Accounting – filing your return

For eligible businesses, the VAT Annual Accounting Scheme can reduce paperwork, smooth cash flow and...

Payroll annual reporting obligations

As we move into the start of 2026, it is not that long until the...

Are you ready for Making Tax Digital for Income Tax?

Are you ready for Making Tax Digital for Income Tax (MTD for IT)? This new...

Bank of England delivers narrow vote rate cut

The Bank of England’s Monetary Policy Committee (MPC) last met on 18 December and, in...

Taxable company benefits

As an employee, you pay tax on certain company benefits, such as cars, accommodation, and...

Student jobs paying tax

Students that work may need to pay Income Tax and National Insurance. Employers are required...

Could you claim the Small Pool Allowance?

Writing-down allowances (WDAs) are a type of capital allowance that let you deduct a percentage...

Selling your UK home and living abroad

If you live abroad and sell your UK home, you may have to pay Capital...