Vale & West Chartered Accountants Blog

Over 100,000 jobs lost – The cost of rising National Insurance on employers

The release of the latest employment data should serve as a wake-up call for business owners.

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Maximising trading losses with Corporation Tax relief

Managing trading losses effectively can transform periods of difficulty into strategic opportunities, yet many businesses remain unclear about how to achieve the greatest benefit from Corporation Tax relief.

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Directors and the minimum wage – The compliance risks you may be overlooking

Since 1 April 2025, new National Minimum Wage (NMW) and National Living Wage (NLW) rates have applied across the UK, bringing substantial increases that affect employers of all sizes.

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Is your business ready to go viral? The financial risks (and rewards) of sudden success

The annual search for the UK’s most amusingly named small business is back, with entries flooding in for Simply Business’s £2,500 prize.

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Could the new IHT rules damage your business’s value on paper?

The Government’s decision to halve Business Property Relief (BPR) and Agricultural Property Relief (APR) from April 2026 is already changing how family businesses and farms operate.

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Class 2 NICs – The hidden issue affecting self-employed taxpayers

Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers.

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Are rising tax arrears putting your business at risk?

Businesses in the UK are facing increasing financial strain, with new data from HM Revenue & Customs (HMRC) showing that tax arrears have hit £28 billion per month on average across the first quarter of 2025.

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Do you need to report that loan? The £10,000 rule and P11D implications

Many businesses routinely offer financial support to their directors or employees in the form of loans.

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HMRC or a scam – can you trust the letters you receive?

There are always going to be bad actors looking to scam reputable businesses out of money and data.

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The countdown to Making Tax Digital for Income Tax – Who is affected first?

With less than a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory for sole traders and landlords earning over £50,000, it is important to start preparing.

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