HMA ACCOUNTANTS

News

News

Are you claiming all your allowable business expenses?

If you are self-employed, claiming all of your allowable business expenses can reduce your taxable...

Where do we draw the line between free speech and racism?

The volatile boundary between workplace speech, belief, and discrimination was recently ignited in a case...

Tax Diary August/September 2026

1 August 2026 - Due date for Corporation Tax due for the year ended 31...

When did you last check your credit rating?

Many business owners regularly monitor their bank balance, sales and cash flow, but overlook another...

Company filing penalties you should avoid

Most company directors are aware that they must file annual accounts and a confirmation statement...

Child Benefit and the High Income Child Benefit Charge

The High Income Child Benefit Charge (HICBC) applies where an individual or their partner receives...

Avoid 60% Income Tax band

A ‘60% Income Tax band’ can arises when an individual’s income exceeds £100,000 in a...

Meaning of Carried Interest

Carried interest is essentially a share of the profits from an investment fund that is...

Construction Industry Scheme responsibilities

The Construction Industry Scheme (CIS) is used within the UK construction sector to help manage...

Don’t forget to pay your Class 1A NICs

Employers are reminded that Class 1A National Insurance contributions (NICs) for the 2025-26 tax year...

Meaning of Permanent Establishment

The term permanent establishment (PE) is an important tax concept for businesses that operate across...

Are you too dependent on one customer?

Many successful businesses begin by working closely with one major customer. While this can provide...

Five ways to improve customer retention

Winning new customers is important, but many businesses overlook the value of keeping the customers...

Employee travel expenses

There is no requirement to report certain travel and subsistence expenses where an exemption applies...

Tax treatment of loans to employees

Employees may receive a taxable benefit where an employer provides a loan that is interest-free...