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By Paul Dickson

26th March 2025

Spring Statement 2025

The Chancellor Rachel Reeves announced a string of spending cuts to repair the Government’s finances. And while she didn’t introduce any significant new challenges, she also failed to provide substantial relief, particularly for businesses facing growing financial pressures. 

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By Graham Poles

21st March 2025

Spring Forecast 2025 – will the Chancellor announce further changes?

The Chancellor Rachel Reeves has said previously that there would only be one major fiscal event in a year so that individuals and businesses would have stability. However, she will stand up in the Commons to make a statement in response to the latest forecasts from the Office of Budget Responsibility (OBR) on March 26 and potentially be in a very different situation to what she expected just a few months ago.

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By Justin Rourke

18th March 2025

Have you got a good financial plan for 2025/2026 and beyond?

A new tax year is the ideal time to review your financial position and a key area to consider is maximising all available tax allowances.

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By Lindsey Cooper

18th March 2025

What is an HMRC Time to Pay Arrangement and when might you need one?

For some businesses, a formal Time to Pay Arrangement (TTP) with HMRC may afford them some valuable breathing space and enable them to get back on an even keel by rescheduling their PAYE or VAT debts over a period of time.

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By Rich Cowell

12th March 2025

Airbnb, Amazon, Vinted and Etsy sellers – have you registered your ‘side hustle?’

Individuals receiving additional income from side hustles are being urged to report to HMRC if they bring in more than the annual Trading Allowance, which allows individuals to earn up to £1,000 additional tax free income each tax year.

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By Justin Rourke

12th March 2025

Fighting ‘the family farm tax’ with good financial planning

Life insurance could provide alternative proceeds to pay an IHT bill and preserve the farm and farm assets to pass to the next generation. It can also play an important role in the continuation of the business during your lifetime. 

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By Steve Williams

10th March 2025

The new charity SORP – get ahead of the game now

Two key changes to the Charity SORP are income recognition and leases - two of the biggest amendments to UK accounting in recent years – and will impact how charities report their financial activities from 2026.

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By Stephen Green

5th March 2025

6 things to look out for when undertaking financial due diligence on the acquisition of a law firm

While there may have been a time when financial due diligence was performed ‘in-house,’ it is now almost unheard of for a legal sector transaction not to have external financial due diligence. Here are 6 things to look out for when acquiring a law firm. 

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By Becky Fraser

5th March 2025

BlueCrest case highlights importance of LLPs’ compliance with Salaried Member Rules

A significant legal development has once again highlighted the need for Limited Liability Partnerships (LLPs) to carefully consider HMRC’s Salaried Member Rules.

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Computer on a desk

By Rebecca Wilson

3rd March 2025

Growing cyber security risks facing the Legal Sector

The Legal sector is increasingly vulnerable to cyber-attacks. With law firms handling vast amounts of sensitive client information, including financial records, intellectual property, and confidential case details, this makes them a prime target for cybercriminals seeking financial gain or competitive advantage. 

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