Do you need a company audit in the UK?
Not every UK limited company needs a statutory audit. Many smaller companies qualify for audit exemption, but it is important to understand the rules, as an audit may still be required in certain situations.
For financial years starting on or after 6 April 2025, a company is generally audit exempt
HMRC to End Most Postal Letters from Spring 2026
By Jennie Brown, Tax Partner HMRC has confirmed that from spring 2026, it will begin phasing out traditional postal letters in favour of a digital by default communication model. Taxpayers who use the HMRC app or their Personal Tax Account will stop receiving paper letters automatically and will instead receive email notifications when new correspondence […]
Changes to Agricultural Property Relief from April 2026
By Clare Slattery, Tax Director The government has announced significant reforms to Agricultural Property Relief (APR) and Business Property Relief (BPR), which will take effect from 6 April 2026. These changes are designed to balance continued support for farms and businesses with the government’s aim of improving public finances and funding public services. Under the […]
What banks look at when a small business applies for a loan
When a small business applies for a bank loan, the bank is mainly trying to answer one question, “How likely is it that we will be repaid, on time and in full?” To reach that decision, they will review a mix of financial evidence, trading performance and the overall risk profile of the
Company liquidations and insolvencies are still elevated
The Insolvency Service data for England and Wales shows monthly company insolvencies remain high by historical standards, even though they move up and down month to month. For example, November 2025 recorded 1,866 registered company insolvencies, down on October 2025 and also below the same month a
Learning from mistakes in business
Making mistakes in business is unavoidable. No matter how experienced or careful someone is, decisions are made with imperfect information, time pressure and changing conditions. What separates resilient businesses from those that struggle is not the absence of mistakes, but the ability to learn
Implications of The Autumn Budget 2025 – changes for SMEs
The recent Autumn Budget delivered stability for businesses but introduced several measures that will impact SME owners, employers, and individuals. While markets welcomed the lack of major surprises, the changes signal higher personal taxes, increased labour costs, and reduced generosity in long-term tax reliefs. This is a summary of the key implications for SMEs and […]
Cash flow pressures
Cash flow remains one of the most pressing concerns for small businesses, even where trading appears stable. Many businesses are finding that rising costs, cautious lenders and slower customer payments are combining to create ongoing pressure on day to day finances. In our experience, cash flow
Funding options for asset acquisition
Acquiring new assets is often essential for small businesses looking to grow, improve efficiency or remain competitive. Whether the investment is in vehicles, machinery, IT systems or specialist equipment, choosing the right funding method can have a significant impact on cash flow, tax efficiency
Avoid over-stocking
Accountants often see the impact that excess stock has on a business long before the business owner realises what is happening. Over-stocking drains cash, fills storage space, increases waste, and restricts flexibility at key moments. Many business owners still treat high stock levels as a sign of