A Complete Guide for Innovative Businesses For many UK tech startups, innovation is the key to growth. Whether you’re developing software, building AI-powered solutions, creating fintech platforms, or advancing cybersecurity technology, your business could be eligible for valuable Research and Development (R&D) Tax Credits. Yet thousands of eligible businesses fail to claim each year, leaving […]
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Running a business in London comes with exciting opportunities — but also complex financial responsibilities. From tax compliance and bookkeeping to payroll and HMRC deadlines, managing your finances properly is essential for long-term success. That’s why many businesses turn to professional accounting firms like TT Accountancy Services (TTAS) for expert support. In this article, we […]
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Introduction Environmental, Social, and Governance (ESG) reporting has rapidly evolved from a “nice-to-have” into a strategic necessity for organisations across the UK and globally. Investors, regulators, and stakeholders increasingly demand transparency on how businesses impact the environment, manage social responsibilities, and uphold governance standards. At TTAS, we recognise that accountants are no longer confined to […]
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Introduction Every year, tens of thousands of UK taxpayers receive what HMRC calls a ‘nudge letter’ — an official communication that stops short of a formal investigation but strongly implies that HMRC believes something may be wrong with your tax returns. If one has arrived in your post — or increasingly, in your HMRC online […]
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Introduction For decades, pensions were one of the most powerful tools in UK estate planning — largely because unused pension funds sat outside your estate for Inheritance Tax (IHT) purposes. That is about to change. The October 2024 Budget announced that from April 2027, unused pension funds and death benefits will be brought within the […]
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Changes to registration From 18 May 2026, HMRC will introduce an online registration system for agent services accounts. This will replace the current way to register. You may be legally required to register with HMRC. This means you’ll need an agent services account if you do not already have one. We’re introducing the requirement to […]
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Introduction R&D tax credits have long been one of the most generous reliefs available to UK small businesses — and one of the most misunderstood. But the landscape changed dramatically from April 2024, when HMRC merged the long-standing SME R&D scheme and the Research and Development Expenditure Credit (RDEC) into a single merged scheme. For […]
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Introduction If you sold — or are planning to sell — a rental property or second home in the UK this tax year, Capital Gains Tax (CGT) is probably your biggest concern. With rates adjusted following the Autumn Budget and HMRC’s 60-day reporting window now firmly embedded in law, getting the details wrong can be […]
READ MOREIntroductionFor decades, pensions were one of the most powerful tools in UK estate planning — largely because unused pension funds sat outside your estate for Inheritance Tax (IHT) purposes. That is about to change.The October 2024 Budget announced that from April 2027, unused pension funds and death benefits will be brought within the scope of […]
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Introduction Ask any accountant what kills most sole trader businesses and the answer is rarely a lack of customers — it is running out of cash. You can be profitable on paper and still be unable to pay your suppliers, your VAT bill, or your Self Assessment tax demand when it arrives. 2026 brings specific […]
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