Vale & West Chartered Accountants Blog

Government boost for SMEs ahead of Small Business Saturday 

Small Business Saturday takes place this week, and this year it comes with exciting news for small business owners.   Read More

What Christmas perks can your employer offer tax-free? 

With Christmas just around the corner, it is time to embrace the festive season, but as a business, you will want to do so without falling foul of tax rules.   Read More

How the latest HMRC advisory fuel rates impact your business travel costs 

The HM Revenue & Customs (HMRC) advisory fuel rates, updated quarterly, play an important role in how businesses manage employee reimbursements for company car travel.   Read More

How to stay secure ahead of the Self-Assessment deadline  

As the 31 January Self-Assessment tax return deadline approaches, HM Revenue and Customs (HMRC) has issued a stark warning about an increase in scams.   Read More

What does HMRC’s new benefit in kind reporting mean for your payroll system? 

HM Revenue & Customs (HMRC) is introducing real-time reporting for benefits in kind (BiKs) starting in April 2026, meaning businesses must prepare for changes in how they manage payroll.   Read More

Succession or sale? The case for selling your business before the 2026 Inheritance Tax changes 

The Autumn Budget brought clarity to many areas of tax planning, but for family-run businesses, one announcement could prove particularly challenging.   Read More

Are you prepared for the payroll challenges of hiring seasonal workers?  

With Christmas just over a month away, many businesses are finalising their plans for seasonal recruitment or are already welcoming temporary staff on board.   Read More

How to stay ahead of HMRC interest rate changes and avoid late payments 

The Bank of England’s decision to reduce the base rate to 4.75 per cent has triggered changes to HM Revenue & Customs’ (HMRC’s) interest rates, with late payment and repayment rates due to adjust on 18 and 26 November 2024.   Read More

A landlord’s guide to HMRC’s Let Property Campaign 

The Let Property Campaign is an initiative designed by HM Revenue & Customs (HMRC) designed for landlords who may have undeclared income from letting out residential property, whether in the UK or abroad.   Read More

Steps for employers to remain compliant with National Minimum Wage increases 

In the recent Budget, Chancellor Rachel Reeves announced that National Minimum Wage (NMW) rates would increase as of April 2025.   Read More