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An important change is coming to the way companies file their annual accounts.
From 1 April 2028, all UK-registered companies will be required to file their annual accounts with Companies House using commercial software. The existing web and paper
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The latest figures from the Office for National Statistics suggest that conditions remain challenging for many UK businesses.
In July 2026, 15% of trading businesses reported an increase in turnover compared with the previous month. However, 22%
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Self-employed individuals can deduct allowable business expenses from their income when calculating taxable profits. However, businesses must keep accurate records and evidence to support the costs being claimed.
HMRC requires taxpayers to keep
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Businesses should regularly review whether individuals working for them are correctly classified as employees, workers or self-employed. Getting employment status wrong can result in unexpected tax liabilities, penalties and loss of employment
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