Vale & West Chartered Accountants Blog

As energy costs rise, is now the time for your business to go green?

As the conflict in the Middle East disrupts the global economy, many businesses are eyeing their energy bills with dread.

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Do you know how to manage the increased director’s loan tax charge?

We are officially a few days into the 2026/27 tax year and directors need to be positive on how the latest reforms affect them.

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Making Tax Digital has started – Are you ready for the first submission?

Making Tax Digital (MTD) for Income Tax has now begun, years after it was first announced and when it was due to take effect.

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HMRC confirms how sole traders and landlords can exit Making Tax Digital for Income Tax

Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold.

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Only 57 per cent of UK SMEs rely on accountants – Could the rest be holding their business back?

Running your business can feel like a constant juggling act of trying to manage rising costs and staying on top of compliance.

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Are close companies about to have more reporting requirements?

As the steady expansion of reporting obligations continues, it seems that the time has come for close companies to face greater scrutiny.

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Has your payroll accounted for an early Easter Bank Holiday?

I am sure many of us can’t wait for the long Easter weekend to get here. If it feels like it has come early this year, you are correct.

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Are you paying yourself as tax efficiently as possible in 2026?

Not everyone has the freedom to decide how they are paid or to structure their income in the most tax-efficient way.

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Does being on maternity leave make you exempt from Making Tax Digital?

Given that it is the biggest overhaul to the way that taxes are filed in decades, it is no wonder that Making Tax Digital (MTD) for Income Tax has a whole host of additional considerations to manage.

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HMRC sets its sights on side hustlers again

More than £55 billion worth of side hustle sales data is to be handed to HMRC by platforms, as the tax authority ramps up compliance on small online traders and service providers.

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