Well you can blame the Romans, especially Julius Caesar and Europe. Back in 1582 the Pope Gregory X111 commanded the change from the Julian calendar as there was a problem. It ran for 30 or 31 days for 11 months and it was only February that had 28 days (29 every 4...
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Sir Geoffrey Vos believes AI will change principles and practices of common law
Artificial intelligence (AI) is poised to revolutionise the practice of law, potentially reshaping the principles of common law, according to Sir Geoffrey Vos, the Master of the Rolls. Speaking at the Manchester Law Society, Sir Geoffrey offered an optimistic view of...
Agricultural Property Relief – Changes Ahead
Government initiatives often shape the landscape of various sectors, and agriculture is no exception. Recent developments in the UK's environmental policies are set to bring significant changes to agricultural property relief (APR). Background In 2023, the UK...
Advisory fuel rates for company cars
HMRC has published new advisory fuel rates for company car users which take effect from 1 March 2024. The new rates reflect a reduction of 1p per mile for most petrol and diesel engine cars compared to the previous quarter. Petrol cars with an engine size over 2000cc...
Government U-turn on double cab pickup tax
Government U-turn on double cab pickup tax After just one week the government has u-turned on plans to classify double cab pickup trucks as cars for tax and VAT purposes which would have resulted in huge tax increases. This U-turn comes after huge criticism from...
Streamlining Success: The Role of Accounting Software for Small Businesses
In the dynamic landscape of small business management, effective financial management is the key to sustained success. Accounting plays a pivotal role in this process, and thanks to the development of technology, accounting software has become a powerful tool for...
What is an Audit?
An audit is an investigation conducted by an independent party into a company’s financial report. An audit aims to provide assurance (different from a guarantee) that when audits are performed, the financial statements are true and fair according to the relevant...
Mandatory payrolling of employment benefits from 2026
HMRC have announced that from April 2026, the reporting and payment of income tax and Class 1A National Insurance Contributions (NIC) on benefits in kind will be required to be made through payroll software. This is a significant development and will affect all...
Tax benefits of marriage
Considering popping the question on Valentine’s Day? Here we look at some of the various tax credits and breaks married couples can benefit from and how it can pay to get married. The Marriage Allowance | Inheritance Tax | Pay less Capital Gains Tax | Reduce Income...
The tax year ends on 5th April each year, why is this?
Well you can blame the Romans, especially Julius Caesar and Europe. Back in 1582 the Pope Gregory X111 commanded the change from the Julian calendar as there was a problem. It ran for 30 or 31 days for 11 months and it was only February that had 28 days (29 every 4...
Sir Geoffrey Vos believes AI will change principles and practices of common law
Artificial intelligence (AI) is poised to revolutionise the practice of law, potentially reshaping the principles of common law, according to Sir Geoffrey Vos, the Master of the Rolls. Speaking at the Manchester Law Society, Sir Geoffrey offered an optimistic view of...
Agricultural Property Relief – Changes Ahead
Government initiatives often shape the landscape of various sectors, and agriculture is no exception. Recent developments in the UK's environmental policies are set to bring significant changes to agricultural property relief (APR). Background In 2023, the UK...