Beware of trading when your company is insolvent
19 November 2025 | Mrge_Acontants
Continuing to trade while your company is technically insolvent could lead to big problems for the directors, as it could lead to limited liability no longer applying, and leave them on the hook personally...
Voluntary repayment window for Covid grants opens
12 November 2025 | Mrge_Acontants
Individuals and businesses that received Covid payments they weren’t entitled to have until December to pay back any money owed under a voluntary repayment scheme. This period offers the grace of a ‘no questions...
HMRC powers to raid bank accounts for unpaid tax revived
05 November 2025 | Mrge_Acontants
HMRC has once again been given powers to take money owing to it directly from people’s bank accounts when people persistently fail to pay the tax due. Most taxpayers, those who pay on time...
Three ‘finfluencers’ in court for first appearances
29 October 2025 | Mrge_Acontants
Three financial influencers – known as ‘finfluencers’ – have appeared in court having been charged as part of a global crackdown on illegal promotions led by the Financial Conduct Authority (FCA), one of the...
Proposed contactless changes could help customers
22 October 2025 | Mrge_Acontants
The Financial Conduct Authority (FCA) is consulting on proposals to give card providers the flexibility to decide what contactless limit would be most suitable for their customers, which could bring greater convenience to people...
Are we seeing the end of the ‘Bank of Mum and Dad’?
15 October 2025 | Mrge_Acontants
Children hoping they will get financial help from their parents as they get older may find they’re disappointed, as more than one in 10 retirees are cutting back on gifting, according to research from...
Clock is ticking for parents saving for university fees
08 October 2025 | Mrge_Acontants
The university year has just started for the latest undergraduates, but parents putting money aside for later cohorts have the pressure of time against them as they save to pay for future university fees....
HMRC sending letters to self-assessment payers about CGT
24 September 2025 | Mrge_Acontants
Self-assessment taxpayers who have submitted their 2024/25 tax return are now being sent letters by HMRC as they may not have applied the correct rate of Capital Gains Tax (CGT) on disposals after October...
Companies may have claimed the wrong amount of marginal relief
17 September 2025 | Mrge_Acontants
HMRC is contacting companies that it believes may have failed to include the correct number of associated companies in their Corporation Tax return and consequently claimed marginal relief in error. The main rate of...
Are you using the best scheme for your VAT?
10 September 2025 | Mrge_Acontants
Value Added Tax (VAT) is something sole traders and companies must charge once their turnover exceeds £90,000 in a rolling 12-month period, or if they will exceed this amount within a three-month period. At...
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