Tax updates on personal and business tax for UK and International
by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub Retirement should be about peace of mind. Unfortunately, many pensioners tell us they feel confused or stressed when they hear about tax changes in the news. Frozen tax allowances, changes to savings rules, digital reporting requirements – it can all sound complicated. The good news …
Read more “Tax Changes Pensioners Should Know About (And How to Stay in Control)”
Running a business is challenging, and paying less tax legally is always welcome news. From 1 January 2026, unincorporated businesses like sole traders and partnerships can benefit from a new 40% First-Year Allowance (FYA) on qualifying plant and machinery that aren’t fully covered by other allowances. At Friendly Assist Accountancy, we help businesses make the …
Read more “New 40% First-Year Allowance: What UK Businesses Need to Know in 2026”
by Steffen Kemmerzehl, MAAT, AATQB – Friendly Assist Accountancy If you live in the UK and have income from abroad, it can be hard to know what HMRC expects. Especially if your situation feels a bit messy or complicated. As a Newcastle‑based accountancy specialising in international and cross‑border tax, we help clients with overseas income, …
November 2025 version We work daily to keep our clients ahead of the curve on relevant regulatory changes. While there are no major tax or accounting rules kicking in today, several important changes are coming up — and your business (or your clients’) can benefit by getting ready now. What’s On the Horizon 1. Company …
Read more “Upcoming Business, Tax & Driving Rule Changes — What You Need to Know”
As charities prepare for the Charities Statement of Recommended Practice (SORP) 2026, one of the most significant accounting changes is the new treatment of leases. This update impacts all charities with lease agreements—whether for premises, vehicles, or equipment—and especially those with income under £250,000. What is Changing? From 1 January 2026, the Charities SORP requires …
Read more “Unlock Affordable Lease Accounting Support for Small Charities Before SORP 2026 Hits”
Steffen Kemmerzehl, MAAT, AATQB – The Accounting Hub Running a successful business takes more than hard work. Whether you are a roofer replacing damaged roofs across Newcastle, a builder managing multiple projects, or a business owner in another industry entirely, strong financial management is what turns effort into lasting profit. Many business owners tell us …
Read more “Are Your Business Finances Built on Solid Foundations?”
As HMRC and Companies House continue introducing new compliance requirements, choosing a qualified and regulated accountant has never been more important. Recent warnings from the AAT, ACCA and ICAEW highlight the risks posed by unregulated tax advisers and refund agents operating across the UK. At the same time, the introduction of identity verification requirements and …
Read more “Why Choosing a Qualified Accountant Matters in 2026”
The Mistakes That Could Cost You Hundreds 13 Oct 2025 – written by Steffen Kemmerzehl – Friendly Assist Accountancy – Blog Most people who receive an HMRC penalty never expected it to happen. They are not trying to avoid paying tax or hide their income. In many cases, the problem starts with a simple oversight, such as missing a …
Read more “HMRC Self Assessment Penalties: How to Avoid Them and What to Do If You Already Have One”
Tips for UK, EU and others 11 Oct. 2025 – written by Steffen Kemmerzehl – Friendly Assist Accountancy – Blog If you’ve recently moved to the UK or are planning to it’s essential to understand how your income, savings, and investments will now be taxed. The UK government abolished the long-standing non-domiciled (non-dom) tax regime …
What UK Residents With Overseas Income Need to Know 10 Oct. 2025 – written by Steffen Kemmerzehl – Friendly Assist Accountancy – Blog If you live in the UK and have income, savings, property, or investments abroad, there have been significant changes to how this is taxed. From 6 April 2025, the UK moved away from the long-standing non-domicile …
Read more “Non-Dom Tax Rules Changed: What Happens to Your Overseas Income Now?”