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All of the latest tax and finance information

HMRC powers to raid bank accounts for unpaid tax revived

HMRC has once again been given powers to take money owing to it directly from people’s bank accounts when people persistently fail to pay the tax due. Most taxpayers, those who pay on time and in full, will have nothing to worry about. But the small minority that...

Why Year-End Accounts Are Not as Simple as They Look

Every business in the UK must file year-end accounts, but many owners underestimate how complex the process really is. What starts as a checklist of tasks—tidying up your books, reconciling bank statements, and reviewing invoices—quickly becomes a technical exercise...

How to Plan for a Smooth Family Business Succession in London

1. Start Early — Much Earlier Than You Think Succession isn’t a single document; it’s a long-term process. In the UK, experts recommend starting planning 5–7 years before transition to prepare both financially and emotionally. According to PwC’s 2023 Family Business...

Three ‘finfluencers’ in court for first appearances

Three financial influencers – known as ‘finfluencers’ – have appeared in court having been charged as part of a global crackdown on illegal promotions led by the Financial Conduct Authority (FCA), one of the UK’s financial regulators. Charles Hunter from Exeter, Kayan...

Proposed contactless changes could help customers

The Financial Conduct Authority (FCA) is consulting on proposals to give card providers the flexibility to decide what contactless limit would be most suitable for their customers, which could bring greater convenience to people making larger purchases. Many card...

Common Tax Planning Mistakes Every Family Business Must Avoid

Running a family business in the UK isn’t just about growing your profits—it’s also about securing your legacy and making smart decisions for future generations. Yet many family businesses stumble into preventable tax mistakes that can cost time, money, and peace of...