Monthly Archive January 29, 2026

When is a business expense really tax deductible?

January 29, 2026 Comments Off on When is a business expense really tax deductible? By Joshua Leigh & Co

One of the most common questions business owners ask accountants, “Can I put this through the business as an expense?”

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The zombie company apocalypse: Will your business be around 28-years later?

January 28, 2026 Comments Off on The zombie company apocalypse: Will your business be around 28-years later? By Joshua Leigh & Co

A new tax year is steadily approaching and will manifest many of the changes announced in the Autumn Budget.

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How do you know if you are exempt from Making Tax Digital (MTD)?

January 27, 2026 Comments Off on How do you know if you are exempt from Making Tax Digital (MTD)? By Joshua Leigh & Co

The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026.

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Millions of UK workers are overpaying tax every year

January 22, 2026 Comments Off on Millions of UK workers are overpaying tax every year By Joshua Leigh & Co

A new Freedom of Information requested from HMRC, released to the public has found that 5.6 million in the UK paid more tax than they needed to in 2023/24.

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What to do if you can’t pay your Self-Assessment tax bill on time?

January 21, 2026 Comments Off on What to do if you can’t pay your Self-Assessment tax bill on time? By Joshua Leigh & Co

The deadline for your Self-Assessment tax bill is just over a week away and you may find yourself under increasing pressure if you cannot pay it.

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Businesses brace for the next wave of Trump tariffs

January 20, 2026 Comments Off on Businesses brace for the next wave of Trump tariffs By Joshua Leigh & Co

They say there is nothing new under the sun and the global economic situation seems determined to prove that right.

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HMRC warns taxpayers about mid-year Capital Gains Tax changes

January 15, 2026 Comments Off on HMRC warns taxpayers about mid-year Capital Gains Tax changes By Joshua Leigh & Co

HMRC has issued a warning to taxpayers completing their Self Assessment tax returns that their online software cannot automatically make calculations to account for the mid-year increase in the rate of Capital Gains Tax (CGT) in 2024.

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The FRS 102 changes are now in effect: What should businesses do now?

January 14, 2026 Comments Off on The FRS 102 changes are now in effect: What should businesses do now? By Joshua Leigh & Co

The revised version of FRS 102 has now come into effect for accounting periods starting on or after 1 January 2026 and it will affect how your business prepares accounts under UK GAAP.

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As AI advances, why is it still better to use a human accountant?

January 13, 2026 Comments Off on As AI advances, why is it still better to use a human accountant? By Joshua Leigh & Co

We are now in that period of time between the start of the calendar year and the beginning of the tax year.

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HMRC records festive tax return frenzy

January 8, 2026 Comments Off on HMRC records festive tax return frenzy By Joshua Leigh & Co

According to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day.

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