More than 11.48 million people filed their Self Assessment tax returns on time for the 2024/25 tax year, HMRC has revealed. On deadline day, 31st January, over 475,000 taxpayers submitted their returns, with 27,456 doing so in the final hour before midnight to avoid a £100 penalty for late … [Read more...]
News for: Accountancy
Local businesses invited to support 2026 Stockport Business Awards
CN Chartered Accountants, founders and organisers of the Stockport Business Awards, are inviting other Stockport businesses to support the 2026 awards, with a number of sponsorship options available. Sponsorship of the Stockport Business Awards puts your business in front of senior … [Read more...]
Stockport businesses invited to Azets charity quiz night
Local businesses are invited to join the Stockport office of business advisory firm, Azets, for its annual quiz night on 26th Februrary 2026. Taking place once again at Edgeley Park, this year's quiz will raise funds and awareness of local charity, Together Trust. Based in Cheadle, Together Trust … [Read more...]
8.6 million have already filed Self Assessment tax returns
With less than a week until the Self Assessment deadline, 8.6 million people have already filed their return for the 2024 to 2025 tax year. HM Revenue and Customs (HMRC) is urging taxpayers and agents who haven’t filed, to act now or risk missing the 31 January deadline – and face an automatic … [Read more...]
65% rise in Self Assessment payments via HMRC app
The number of people using the HMRC app to pay their Self Assessment tax bill has increased by nearly 65% compared to the previous tax year. Almost 340,000 people have used the HMRC app to pay their Self Assessment tax since 6 April 2025, an increase of 132,788 people compared to the same period … [Read more...]
IN Accountancy launches Business Improvement Club to bring business owners together for practical support
Stockport accountancy firm, IN Accountancy, are launching their Business Improvement Club to provide a friendly, supportive monthly space for business owners to step back, think clearly, and make practical improvements to their business. The Club meets once a month for 90 minutes on the fourth … [Read more...]
Office of the Small Business Commissioner recovers £10 million in late payments
£10 million in late payments has been paid to small businesses following intervention by the Office of the Small Business Commissioner (OSBC) since it was established in 2017. UK Government research has shown late payments cost the UK economy £11 billion per year with 4,000 businesses closing … [Read more...]
More than 5.6 million still to file Self Assessment tax return
While 6.36 million headed into 2026 with their tax affairs in order, more than 5.6 million people still need to file their Self Assessment tax return before the 31st January deadline. For those still to file, those who miss the deadline could face an initial late filing penalty of £100 on top … [Read more...]
4,800 Self Assessment scams reported ahead of 31st January deadline
More than 4,800 Self Assessment scams have been reported since February 2025, HMRC is warning ahead of the upcoming filing deadline on 31st January 2026. Beyond Self Assessment-related scams, the UK's tax authority has received reports from customers of more than 135,500 HMRC-related scams in the … [Read more...]
HMRC updates employers ahead of upcoming PAYE changes
Following the Chancellor's November Budget, HMRC has detailed guidance around a number of announced changes to PAYE and taxation in its December Employer Bulletin. With a number of changes to PAYE taking effect in the coming years, HMRC is reminding businesses to take notice of issues that may … [Read more...]
Expert Opinion: Charities face new accounting rules in 2026
With charities facing new rules for reporting their finances, accountancy firm, Xeinadin, explains the changes that will take effect from January 2026. The government has announced new rules and guidelines for how charities prepare and report annual accounts in 2026. The changes come in … [Read more...]
Expert Opinion: Seven ways the Chancellor could boost small businesses in her Budget
UK accountancy firm, Azets, which specialises in advice as support for SMEs, has shared seven solutions for the Chancellor to include in her upcoming Budget that the firm believes will help support small businesses. Praveen Gupta, Azets’ UK head of tax, called for Rachel Reeves to “encourage and … [Read more...]
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