From school leaver to manager: Abi’s story
Starting my career as a school leaver trainee at Kilsby Williams, I’ve had the opportunity to grow both professionally and personally, progressing to my current as an ACA Chartered Audit and Accounts Manager. The firm has provided invaluable support throughout my journey, offering significant development opportunities, exciting work and a strong emphasis on relationships, which […]
Kilsby Williams invests in future talent
The independent firm’s audit and accountancy apprenticeships have been designed with school leavers in mind, providing professional development and expert mentorship opportunities for learners who are not following college and university pathways. The apprenticeships enable school leavers to study towards industry-recognised qualifications including AAT level 2 and level 3 and ACA qualification, while gaining practical […]
New company size threshold criteria introduced
The changes mean that more companies and LLPs will likely qualify as small. Some companies and LLPs who have just breached the original threshold may also have to negotiate their way through a one year audit before the need falls away again. For financial years beginning on or after 6 April 2025, thresholds increase as […]
Death and Taxes
For business owners and farms The UK government has announced significant reforms to Inheritance Tax (IHT) reliefs for business and agricultural properties, set to take effect from April 6, 2026. The headline proposals have been well-rehearsed but the realisation of some of the implications is coming out more gradually. Key Changes: Relief Cap: Currently, Business […]
Be alert
Tax scams are a persistent threat in the UK and understanding common scam tactics and knowing how to protect oneself is crucial. Common Types of Tax Scams Phishing Emails and Texts: Scammers impersonate HM Revenue and Customs (HMRC), sending messages that claim you’re eligible for a tax rebate or owe unpaid taxes. These […]
Furnished Holiday Lettings – the changes from April 2025
What Are Furnished Holiday Lettings (FHL)? A furnished holiday letting is a property that is rented out on a short-term basis usually to holidaymakers or tourists. These properties are fully furnished, with all the necessary amenities, including appliances, linens, and furniture, to ensure that guests enjoy a comfortable stay. Typically, FHLs are rented out for […]
Making Tax Digital for Income Tax – the changes which need to be addressed now
Designed to modernise the tax system, MTD for Income Tax Self-Assessment (MTD for ITSA) aims to streamline reporting, reduce errors, and ensure a more efficient tax process. Here’s everything you need to know about Making Tax Digital for Income Tax. What is Making Tax Digital for Income Tax? MTD for ITSA is a government initiative […]
The Annual Tax on Enveloped Dwellings (ATED)
Originally introduced to discourage the ‘enveloping’ of residential properties within corporate structures for tax mitigation, ATED has undergone several changes since its inception. Revaluation and Chargeable Amounts Properties subject to ATED are revalued every five years, with the most recent valuation date being 1 April 2022. This valuation applies to chargeable periods from 1 April […]
Upcoming tax changes for double cab pick-ups
Double cab pick-ups have historically benefitted from favourable tax rules, such as the ability to claim Annual Investment Allowance (AIA), lower benefit-in-kind rates, and full VAT recovery. The combination of passenger capacity, comfort and tax advantages has made them particularly appealing for employers and employees. However, in recent cases, HMRC successfully argued that double cab […]
Year end tax review
The deadline is fast approaching for individuals to file their Self Assessment tax returns (31 January) and businesses are encouraged to review and plan their financial affairs before the new tax year (6 April). The new government has promised an era of stability and the Chancellor is committing to one major fiscal event a year, […]
