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Read all the latest news from Cunningtons Accountants

Playday: HMRC remind parents to use the Tax-Free Childcare Scheme
HMRC is using Playday, the national day for play, to remind working parents about the Tax-Free Childcare scheme, which can help eligible families meet the cost of nurseries, childminders, holiday clubs, breakfast clubs and after-school clubs.

Why every business needs a 12-month profit improvement plan
Many businesses start the year with ambitious sales targets. The problem is that increased sales do not always translate into increased profits.

Proposed offence for reckless, untrue tax statements
HMRC have proposed a new criminal offence for making reckless, untrue statements or declarations about what’s known as ‘direct taxes’ – Income Tax, National Insurance and the like.

UK Hiring Trends
The June ‘UK Report on Jobs’ shows subdued business confidence driving a preference for short-term staff.

Temporary VAT reduction on children’s meals, tickets and family attractions
The government has announced a temporary reduced rate of VAT for children’s meals in restaurants and family leisure activities over the summer.

Shared Office Spaces and Business Rates – What Businesses Need to Know
Shared and serviced office spaces continue to be a popular choice for startups and small businesses, offering flexibility, shorter commitments, and access to highquality facilities.

Government Crackdown: New Rules to Tackle Late Payments
Late payments cost the UK economy an estimated £11 billion annually.

Companies House WebFiling Security Issue
Following a security issue with the Companies House website Companies House have issued the following statement.

Spring Statement 2026
The Chancellor held the Spring Statement on 3 March 2026

Salary Sacrifice: Tax Efficient Options for Employers and Employees
With costs rising, many employers and employees are looking for practical ways to reduce outgoings without cutting benefits.

Getting Ready for Making Tax Digital
With just 10 weeks or so to go until the new tax year, many businesses are preparing for the changes that Making Tax Digital (MTD) will bring.

Self-Assessment: A Reminder That You Can Spread Your Tax Payments
If you are worried about paying your tax bill in one lump sum, you may be able to spread the cost.

Autumn Budget 2025
We have provided an overview of the Autumn Budget 2025 which you can download here.

Making Tax Digital (MTD) Registration Guide for Sole Traders and Landlords
Executive Summary From 6 April 2026, sole traders and landlords with income over £50,000 must keep digital tax records and send quarterly updates to HMRC

Could Your Child Be Sitting on £2,000 Without Knowing It?
New figures show that more than 750,000 young people haven’t claimed their matured Child Trust Funds

Winter Fuel Payment Clawback
The Winter Fuel Payment is a UK government scheme that provides financial support tohelp older people pay their heating bills during the winter months.

US De Minimis Exemption Changes: What UK Exporters and Small Businesses Need to Know
From August 29, 2025, the United States will remove its de minimis exemption for low-value imports — a decision set to affect thousands of UK exporters and small e-commerce businesses.

Should You Own a Property Through a Company or Personally?
If you’re considering buying a property, especially as an investment, one of the key decisions you’ll face is whether to hold it personally or through a limited company. This choice can have long-term tax, financial, and administrative implications, and there’s no one-size-fits-all answer.

When is Diversification a Good Business Strategy?
It’s long been said that putting all your eggs in one basket is risky. Many small business owners may fear that risk of becoming a reality.

Making Tax Digital for Income Tax – FAQs
Making Tax Digital for Income Tax (MTD for IT) will be introduced from 6 April 2026. Below are some frequently asked questions and answers.