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On the 26th of November 2025, The Chancellor Rachel Reeves set out her Autumn Budget. Read here for key details and access to a full breakdown.

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FRS102 changes

Important Changes Are Coming to FRS 102

Effective for accounting periods beginning on or after 1 January 2026, significant changes are being introduced to FRS 102. Small (or micro) businesses that currently apply section 1A of FRS 102 will also be affected by these changes.

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Named and Shamed: Employers Failing to Pay Minimum Wage

Named and Shamed: Employers Failing to Pay Minimum Wage

In its latest round of investigations, HM Revenue and Customs (HMRC) have named 518 employers who have failed to pay the National Living or National Minimum Wage correctly to their staff.

A total of £7.4 million will be paid by these employers to almost 60,000 workers. In addition, the employers face financial penalties of up to 200% of the amount they underpaid.

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When is Diversification a Good Business Strategy?

When is Diversification a Good Business Strategy?

It’s long been said that putting all your eggs in one basket is risky. Many small business owners may fear that risk of becoming a reality. Take the UK’s farming sector as an example. Faced with extreme weather, policy shifts and volatile prices, farmers have increasingly turned to other sources of income to keep their businesses viable.

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IMF Upgrades UK Growth Forecast: Steadier Ground Ahead?

IMF Upgrades UK Growth Forecast: Steadier Ground Ahead?

The International Monetary Fund (IMF) has released its annual review of the UK economy and the message this year is more positive than many might have expected. The IMF has upgraded its forecast for UK growth in 2025 to 1.2%, noting that “an economic recovery is underway.”

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Bonus as Salary or Dividend: Which Pays Off?

Bonus as Salary or Dividend: Which Pays Off?

If you run your own company, you might have the option to take a bonus either as salary or as a dividend. But which one leaves you better off? The answer depends on several factors: how much profit your company has, your existing income, the current rates of tax and National Insurance, and whether you’re taking advantage of available allowances.

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Why You Shouldn’t Ignore Old Tech - New Guidance from the NCSC

Why You Shouldn’t Ignore Old Tech: New Guidance from the NCSC

The National Cyber Security Centre (NCSC) has released new guidance on how to properly retire old digital systems and devices – a process known as decommissioning. The guidance is aimed at IT teams, but there are useful takeaways for any small business that uses computers, software or online systems.

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Spring Statement: How is your business affected?

Spring Statement: How is your business affected?

The Chancellor of the Exchequer, Rachel Reeves, delivered her Spring Statement last week in which she outlined the government’s economic plans, including spending decisions, tax policies and efforts to boost growth while managing public finances. The Statement came on the back of the latest forecasts prepared by the Office for Budget Responsibility (OBR).

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Making Tax Digital for Income Tax regime extended to smaller businesses

Making Tax Digital for Income Tax regime extended to smaller businesses

The Spring Statement announced that Making Tax Digital for Income Tax (MTD for IT) regime will be further extended to smaller businesses. Making Tax Digital for Income Tax (MTD for IT) is a government initiative that requires self-employed individuals and landlords with income over a certain limit to keep digital records and submit quarterly tax updates to HM Revenue and Customs (HMRC) using compatible software.

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