Vale & West Chartered Accountants Blog

The realities of rising energy costs: How can you manage the changes?

It has been confirmed that energy costs will increase by two per cent from October, affecting both households and businesses.

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What happened to WH Smith? How to protect your business from accounting errors

Sometimes small mistakes can have devastating consequences, as WH Smith recently discovered.

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Making Tax Digital for Income Tax: How many will be impacted?

HM Revenue and Customs (HMRC) is continuing to innovate and modernise how taxpayers file their returns and report information. It is committed to its digital transformation roadmap and part of this is the Making Tax Digital (MTD) initiative.

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HMRC urging parents to extend Child Benefit claim with deadline on the horizon

Parents have until 31 August 2025 to extend their child benefit claim and HM Revenue and Customs (HMRC) are urging parents to act fast and submit their extension claim before the deadline.

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Is an audit reformation finally happening? Have your say before it’s too late!

Think your business doesn’t need an audit? The chaos with the local councils says otherwise

It’s no secret that many of the local councils throughout England are on the verge of bankruptcy or have already crossed that threshold.

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Have you validated your identity with Companies House?

Companies House’ voluntary window to validate your identity is coming to end on the 18 November 2025 with the checks becoming mandatory from that date.

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Are further Inheritance Tax reforms on the horizon?

Inheritance Tax (IHT) has proven a popular avenue for the Chancellor Rachel Reeves as she attempts to balance the Government’s books and there is growing belief that she could introduce further measures on IHT later this year.

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If my business shrinks, should I deregister for VAT?

Record numbers face Dividend Tax bills: How does this affect taxpayers and investors?

The UK’s economic picture remains uncertain ahead of the Autumn Budget and with the economy growing at a very slow pace, investors and taxpayers are feeling the pinch with a record number set to face a Dividend Tax bill. Read More

Government announce commitment to deliver a genuine living wage: What does that mean for businesses?

Next year’s National Living Wage and National Minimum Wage have been hot topics of discussion with experts warning they must go up to meet the Government’s goal for it to match two thirds of median earnings.

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Taxpayers face the prospect of heavy tax bill on their savings: How can you protect your money?

As the Government attempts to balance its books, HM Revenue and Customs (HMRC) has revealed over 2.6 million taxpayers will be hit with tax bills on their savings.

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