Posts by Kate
July 2025 Newsletter
As we move into July and the height of summer, it’s a good time to review your tax planning and stay ahead of key deadlines. This month’s Mercian Accountants newsletter covers efficient profit extraction for owner-managed companies, tax-free childcare accounts for summer costs, pension salary sacrifice schemes, and MTD reporting for jointly held property. We…
Read MoreJune 2025 Newsletter
As we move into June and the early days of summer, it’s an ideal time to take stock of the latest tax developments and deadlines. With longer days and a new quarter approaching, now is the moment for businesses and individuals alike to stay ahead of upcoming obligations and opportunities. In the June 2025 edition…
Read MoreMay 2025 Newsletter
As we step into May and welcome the brighter days of spring, it’s the perfect time for a fresh look at the latest tax developments. Just as the season brings renewal and growth, significant changes are on the horizon for both taxpayers and businesses. In the May 2025 edition of the Mercian Accountants newsletter, we…
Read MoreNew Companies House Requirement: Identity Verification Coming Soon
As part of the evolving changes under the Economic Crime and Corporate Transparency Act (ECCT), identity verification will soon become a mandatory requirement for Companies House filings. These reforms aim to enhance the accuracy and security of the UK’s corporate register and prevent misuse of UK companies for fraudulent activity. Key Dates to Know Dates…
Read MoreApril 2025 Newsletter
As spring blossoms and Easter approaches, we welcome you to the April 2025 edition of the Mercian Accountants newsletter. As this season brings renewal, the new tax year offers fresh opportunities to get your finances in order. With key updates from the Spring Statement, now is the time to review your tax position – whether…
Read MoreMarch 2025 Newsletter
The sun is shining, which means it’s time for the March 2025 edition of the Mercian Accountants newsletter! As spring starts to peek around the corner, it’s a perfect time to get a jump on your tax planning. With deadlines looming and new rules on the horizon, now’s the moment to ensure you’re fully prepared…
Read MoreFebruary 2025 Newsletter
Welcome to the February 2025 edition of the Mercian Accountants newsletter. February might be the shortest month, but there’s still plenty to think about when it comes to tax planning. As the tax year-end creeps closer, now’s the time to ensure you’re not leaving money on the table – or worse, accidentally donating it to…
Read MoreFour Taxes on Pension Death Benefits
Do you know what will happen to your pension pot when you pass away? Understanding the tax rules as a pension holder is crucial for your beneficiaries (those who will inherit). There are four different types of taxes that can apply to pension death benefits: If you’re looking for help with your pension and later-life…
Read MoreClient and Supplier Entertainment – Is It Tax Deductible?
Entertaining clients and suppliers is an important part of many companies’ marketing budgets, in order to maintain and grow business relationships. However, the tax rules on business entertainment are frequently misunderstood. In most cases, these expenses, along with business gifts, are not tax deductible, so you must add them back to Corporation Tax computations –…
Read MoreStaff Entertainment – Tax Exempt or Benefit-in-Kind?
Do you provide occasional entertainment to your employees? There’s a common misconception that staff entertainment is automatically exempt from tax – and with a lack of clear guidance from HMRC, many businesses are under-reporting it for benefit-in-kind (BiK) purposes. In this article, we’ll help you understand when entertainment is and isn’t taxable, so you can…
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