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Insights & Guides

Practical, plain-English guidance on audit, tax, VAT, accounts and advisory — written by our chartered accountants.

1224 articles · page 35 of 102

Expected Credit Losses Under IFRS 9: The Model Explained

The expected credit loss model in IFRS 9 asks a question older accounting never did: not "which of our receivables has gone bad?" but "how much do we expect to lose on everything we are owed…

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Direct and Indirect Costs: The Split That Sets Your Prices

A direct cost can be traced to a specific product, job or customer — the timber in the table, the developer on the client project, the freight on the order. An indirect cost keeps the business…

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VAT on Property Purchases: Exempt, Opted or Zero-Rated

VAT on a property purchase runs on one default and a stack of exceptions: property transactions are exempt from VAT by default — but new commercial buildings are standard-rated, sellers can choose…

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International Tax Planning: The UK Rules That Matter Now

International tax planning stopped being exotic the day work went remote and customers went global: a UK company with a developer in Spain, a founder relocating to Dubai, a US subsidiary and a…

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Regulatory Consulting: What It Is and How to Buy It Well

Regulatory consulting exists because financial services regulation has become a full-time job that most regulated firms cannot staff full-time: FCA authorisation, the Senior Managers regime…

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Financial Consulting: What It Covers and When It Pays

Financial consulting covers the advisory work that sits above routine accounting: helping a business understand its numbers, fix its finance function, raise or restructure money, and make the big…

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Partnership Tax Returns: SA800s, Penalties and the LLP Rules

Every UK partnership — ordinary partnerships and LLPs alike — must file its own tax return, the SA800, on top of whatever each partner files personally. The partnership pays no tax itself; the…

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IFRS 18: The New Income Statement Arriving in 2027

IFRS 18 is the biggest change to the income statement in a generation: from accounting periods beginning on or after 1 January 2027, it replaces IAS 1 and rebuilds how the profit and loss account…

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VAT on Private School Fees: The Position 18 Months In

Private school fees have carried 20% VAT since 1 January 2025 — education, vocational training and boarding alike — and eighteen months in, the policy has moved from political argument to…

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Demergers: Splitting a Company Without a Tax Disaster

A demerger splits one company or group into two or more separately owned businesses — and done through the right statutory door, it happens without triggering the capital gains, income tax and…

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Voluntary Disclosure to HMRC: Routes, Penalties and Timing

Telling HMRC about tax you should have paid — before HMRC asks — is the single cheapest way out of almost any tax irregularity. The mechanics are straightforward: notify through the right…

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