UHY Hacker Young

Inheritance Tax (IHT) is set to impact more estates than ever, with major changes coming in 2026 and 2027. While these changes can feel overwhelming, with the right planning and action taken, you can protect more of your estate for your loved ones. What strategies should you consider? 💭 Tax-free gifting, trusts, business relief and pension restructuring can help reduce the impacts of IHT. In our latest blog, Peter Tuffin, partner in our Brighton office, explores these key IHT planning strategies, which can help you structure your estate tax-efficiently. Read Peter’s insight here 👉 https://lnkd.in/eXvV7itm #InheritanceTax #IHT #estateplanning #financialplanning

The Economic Crime and Corporate Transparency Act (ECCTA) brings significant compliance changes for UK charities, particularly those registered as companies. The changes include enhanced scrutiny by Companies House, digital filing requirements and the introduction of the "failure to prevent fraud" offence, effective September 2025. Harriet Hodgson-Grove, partner in our London office, explains what these changes may mean and what you and your charity can do to prepare and comply with the law. Read our blog on the latest changes here 👉 https://lnkd.in/eQXPKRrs #charitycompliance #charitysector #UKlaw #CompaniesHouse #corporatetransparency

With new reporting standards on the horizon, lenders and investors are increasingly favouring businesses with strong ESG credentials. 🌍 Access to funding is changing. Green loans and sustainability-linked loans are already offering businesses with ESG policies more favourable terms. Meanwhile, private equity and buyers are looking for ESG-aligned businesses to invest in. SMEs that integrate ESG into their strategy could access better funding terms, attract investment and enhance their exit value. In our latest blog, Keiran Taylor, senior lead advisor in our Leeds office, explores how ESG reporting could impact SME valuations and corporate finance strategies. 🌱 Read Keiran's insight on our website ➡️ https://lnkd.in/epyQhrkj #ESG #corporatefinance #SMEs #credentials #privateequity #businessvalue

In March 2024, we published our summary of the Economic Crime and Corporate Transparency Act 2023. Now, Companies House has provided further details and a timeline for the changes, including: 🔹 From 2 May 2024 – Financial penalties of up to £10,000 for companies and individuals who ignore warnings to update their records. 🔹 From 25 March 2025 – Directors & PSCs must verify their identities. 🔹 By Spring 2026 – Electronic filing of accounts will be mandatory. Understanding these changes can help you avoid penalties and prosecution by ensuring your business remains compliant. Explore the full summary to see how these changes may impact you and your organisation. https://lnkd.in/eGcYm6Ti

🚗 New company car mileage rates from 1 March 2025 🚗 HMRC has updated its tax-free fuel rates for company car users. From 1 March, rates for petrol cars (1401cc-2000cc) and diesel cars (below 1600cc) have increased, while all other rates remain unchanged. If you claim mileage from your employer or repay for private fuel, make sure you're using the correct rates to avoid unexpected tax charges. 📄 Read our latest factsheet for full details: https://lnkd.in/ejxiGQbD #companycars #mileagerates #taxupdate

The AIM market is at its lowest level in over two decades, with delistings outpacing IPOs. 📉 With rising costs, regulatory obstacles and competition from private equity, how can AIM remain an attractive option for businesses looking to list? In our latest press release, Colin Wright, partner and UHY UK Group Chairman, discusses the challenges AIM faces and what reforms could help revitalise the market. Read here ➡️ https://lnkd.in/gMRtFfZ7 Our press release has been featured The Times, City AM, Reuters and This Is Money. #AIM #AlternateInvestmentMarket #IPO #capitalmarkets #privateequity

📢 We're delighted that Steven Quayle has joined our team at our new office in Chester. Leading the payroll team, Steven is a member of The Chartered Institute of Payroll Professionals (CIPP) and CIPP qualified and brings a wealth of experience and knowledge to develop the services we provide. Our payroll service assists businesses seeking to outsource their payroll services and reduce costs using our cloud-based platforms. Steven perfectly embodies the 'Helping you prosper' ethos to further enhance our offering. John Ierston, Director at UHY Chester, commented: "We very much welcome Steven to our growing Team, to continue develop our services to clients." Welcome to the team, Steven! 🎉 UHY Hacker Young

Thank you to Lauren and Caitlin (and Eiko the Elephant🐘) for attending today's careers event at South Nottingham Academy! Just a reminder that our #apprenticeship opportunities are still open for college and sixth form leavers and can be found on our website here👉 https://lnkd.in/eyyMBYGN #accounting #careers

Changing finance systems can feel like a daunting task for academy trusts. But, with the right planning, it can lead to greater efficiency, improved reporting and stronger financial oversight. When is it the best time to switch? While year-end may seem logical, a mid-year transition could ease pressure and allow for a smoother migration. In our latest blog, Matthew Stephens, partner in our Birmingham office, explores why mid-year might be the ideal time for your academy trust to make the switch. Read Matthew's insight here 👉 https://lnkd.in/eQP6_ds4 #academy #academytrust #academyinsight #academyfinance

Cloud accounting tools can make MTD for IT simple and stress-free. 🧑💻 From April 2026, Making Tax Digital for Income Tax (MTD for IT) will require sole traders and landlords earning over £50,000 to submit quarterly tax reports instead of a single annual return. Tools like Dext Solo and Xero Simple Plan can help ease the transition to MTD for IT - these tools can help streamline bookkeeping by automating processess, linking bank transactions and securely storing receipts. Here’s how these tools can help: ✅ Dext Solo – Ideal for sole traders and landlords to manage rental and business income in one place. ✅ Xero Simple Plan – Designed for non-VAT registered businesses to streamline tax reporting. In our latest blog, Alison Martin, manager in our York office, explores these cloud accounting solutions and how they can simplify your transition to MTD for IT. Read Alison's insight here 👉 https://lnkd.in/eZ2N-z_6 As always, our team is here to help - please reach out to Alison or your usual UHY adviser for tailored support. #cloudaccounting #MTD #MakingTaxDigital #Xero #Dext #XeroSimplePlan #DextSolo #landlord #soletrader