HMA ACCOUNTANTS

News

News

Exit planning, an essential step for business owners

Many business owners spend years building their companies but give far less attention to planning...

Tax Diary April/May 2026

1 April 2026 - Due date for corporation tax due for the year ended 30...

Still time to top up your pension contributions

With the end of the 2025-26 tax year approaching on 5 April 2026, there is...

Who will be subject to MTD for IT from 6 April 2026

Taxpayers who are self-employed or receive rental income should check whether they will be subject...

Seven million people started new jobs in 2025

New figures published by HMRC show that more than 7 million people started a new...

Tax allowances frozen for 2026-27

It was confirmed as part of the Autumn Budget that the Income Tax thresholds will...

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...