Research and Development (R&D) tax relief has helped thousands of innovative UK businesses recover some of the costs of developing new products, improving processes and overcoming technical challenges. However, recent reports suggest that many genuine businesses are no longer making claims because they fear becoming…
Month: July 2026
VAT cut on electricity bills
What it could mean for households and small businesses The Government has announced that VAT on domestic electricity bills will be reduced from 5% to 0% from 1 October 2026 as part of its latest package of cost of living measures. The change is intended…
Using AI in your business without creating unnecessary risk
Artificial intelligence is rapidly becoming part of everyday business. From drafting emails and analysing data to producing marketing content and improving customer service, AI offers exciting opportunities for businesses of every size. However, as recent guidance from the accountancy profession makes clear, adopting AI successfully…
Thousands of taxpayers affected by HMRC State Pension error
If you complete a Self-Assessment tax return, or expect to do so in the coming months, it is worth taking a few minutes to check that the information HMRC holds about your State Pension is correct. HMRC has recently identified an issue affecting some taxpayers…