HMA ACCOUNTANTS

News

News

Expanding workplace benefits relief

From 6 April 2026, new tax rules will expand workplace benefits relief. The changes will...

IHT treatment of unused pension funds and death benefits

The 2027 reforms will shift more responsibility to personal representatives, who may need to manage...

Agricultural and business property relief changes

Agricultural and business property relief changes that were first announced at Autumn Budget 2024 will...

Winter Fuel Payment tax charge

The June 2025 reforms introduce a £35,000 income limit for keeping the Winter Fuel Payment...

VCT and EIS changes

The new rules will allow companies to raise more capital under the following schemes although...

Property and savings income subject to new tax rates

The government announced at Budget 2025 that dividend income, property and savings income, will be...

The value of an overhead audit

Many businesses regard their overheads as fixed, predictable, and largely outside their control. In reality...

Avoid over-stocking

Accountants often see the impact that excess stock has on a business long before the...

Who pays Income Tax in Scotland

The rules that govern who pays Income Tax in Scotland is determined by whether an...

Defer paying Class 1 National Insurance on a second job

Employees with a second job, third job or more may be able to defer or...

Work out your VAT fuel scale charge

VAT road fuel scale charges are fixed, standardised amounts that businesses must use to account...

Less than 1 month to self-assessment filing deadline

There are now less than 2 months to the self-assessment filing deadline for submissions of...

Update from HMRC on MTD testing

HMRC has published a new Making Tax Digital newsletter. This newsletter is mainly intended for...

Increase in savings guarantee for bank deposits

The Financial Services Compensation Scheme (FSCS) has raised its savings guarantee for bank deposits, increasing...

When disciplinary processes and non-compete clauses implode

Many modern companies insist on the inclusion of restrictive covenants to limit the freedoms of...