Thousands of employers in the UK are struggling with new ‘onerous responsibility’ over holiday entitlement and pay compliance, accountancy firm Azets is warning. The issue follows the government’s 6 April introduction of the Fair Work Agency and new rules. Employers now have to maintain holiday … [Read more...]
News for: Accountancy
Consultation launched on plans to cut reporting requirements for small businesses
A government consultation has launched on plans to reform corporate reporting requirements, exempting small businesses from audits, and moving to a digital-first approach for shareholder communications. While corporate reporting keeps firms transparent and ensures investors are well informed … [Read more...]
Xeinadin welcomes new Tax Partner
Accountancy and business advisory practice, Xeinadin has announced the appointment of Nick Donohue as Tax Partner, further strengthening its specialist tax offering across Greater Manchester. Nick joins Xeinadin with more than 30 years of experience advising owner-managed businesses, … [Read more...]
CN Corporate Finance marks three years of growth
North West-based corporate finance advisory firm formerly known as CN Strategic Advisors, has marked its third anniversary with a new name following another year of growth in turnover, headcount and deal activity. The firm, founded in 2023 by former RSM and Forvis Mazars dealmaker Dave Baggott, … [Read more...]
Expert Opinion: Beware the Autumn cashflow crisis
UK accountancy and advisory firm Azets has warned that SMEs across the North West could face ‘an Autumn cashflow crisis’ if they don’t prepare properly for key October tax deadlines. Praveen Gupta, UK Head of Tax at the business that has offices across the North West including in Stockport, said … [Read more...]
Half of those eligible missed first MTD filing deadline, Azets finds
Almost half the people eligible for Making Tax Digital (MTD) for Income Tax have missed the first filing deadline, according an analysis from international accountancy and business advisory group Azets. Figures from HMRC showed 436,000 taxpayers filed their first MTD for Income Tax quarterly … [Read more...]
Azets explains July corporate insolvency figures
There were 1,931 corporate insolvencies in July 2026. This was an increase of 4.5% compared to June 2026 (1,847) and a 4.9% decrease compared to July 2025 (2,031). Jonathan Amor, Restructuring and Insolvency Partner at international accountancy and business advisory group Azets, explains the … [Read more...]
Manufacturers urged to check eligibility for support with electricity costs
Stockport-based IN Accountancy is urging businesses to assess their eligibility for an upcoming government scheme to support them with high electricity costs. The British Industrial Competitiveness Scheme (BICS) is set to begin in April 2027 to support manufacturers across Great Britain with high … [Read more...]
Iran war pushing up borrowing costs for North West SMEs, believes Azets specialist
The ongoing war in Iran is pushing up the cost of borrowing for North West SMEs, and may be the final nail in the coffin for some businesses, says a sector specialist from accountancy firm, Azets. Mark Barrie, Head of Debt Advisory at Azets, believes the conflict – which began in February and … [Read more...]
436,000 file first quarterly update through Making Tax Digital for Income Tax
More than 436,000 sole traders and landlords have successfully submitted their first quarterly update after Making Tax Digital for Income Tax became mandatory for those with annual incomes over £50,000. Taxpayers who have not yet sent their update can do so now in a few simple steps through … [Read more...]
Stockport compliance professional appointed to FCSA board
The Freelancer & Contractor Services Association (FCSA) has welcomed the Compliance Director of a Stockport-based payroll specialist to its board to support umbrella companies. Chris Bloor (pictured), Compliance Director of Bramhall-based Sapphire, has been appointed to the FCSA board after … [Read more...]
Deadline approaches for first Making Tax Digital quarterly update
More than 864,000 sole traders and landlords within scope of Making Tax Digital (MTD) for Income Tax have until 7th August to submit their first quarterly update. The quarterly update covers income and expenses for the first three months of the tax year for those earning more than £50,000 from … [Read more...]
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