Blog - Holeys

09-10-2025

A £2.4 billion error: Why you need to ensure your accounting figures are correct

HM Revenue and Customs (HMRC) has acknowledged an error it made when publishing Valued Added Tax (VAT) figures that may impact the provisional 2025 to 2026 year-to-date

08-10-2025

Is an audit reformation finally happening? Have your say before it’s too late!

Most business owners who are required to get an audit will likely be aware that there have been plans to reform the way that audits work for

02-10-2025

Why are fewer SMEs investing in their company?

Small and Medium Enterprises (SMEs) are finding the current economic climate challenging, with many reluctant to invest for fear of losing their business entirely. We want to

01-10-2025

Company Electric Car – HMRC introduces two separate rates

HM Revenue and Customs (HMRC) has announced its latest updates to the Advisory Electric Rate (AER) that will affect employees using a company car. Reviewed every three

01-10-2025

HMRC updates the factsheet for self-review of the National Minimum Wage

With changes expected to be announced about the UK’s current National Minimum Wage (NMW) and National Living Wage (NLW) rates in the near future, HM Revenue and

01-10-2025

New shareholder dividend reporting requirements are fast approaching

The 2025/26 financial year will bring new reporting requirements for UK resident directors of close companies, who are required to file a Self-Assessment tax return. HM Revenue

01-10-2025

The dangers of non-compliance with the new Companies House ID verification

From 18 November 2025, identity verification will be mandatory for company directors, members of LLPs and Persons with Significant Control (PSCs). Companies House will not be prosecuting

01-10-2025

Big changes are coming to FRS 102 – How can you prepare?

From January 2026, FRS 102 is going to be changing in a significant way and businesses need to be ready. Any business that prepares accounts under UK

01-10-2025

Eight in 10 small business owners have no exit plan – Do you?

A recent survey by Capital on Tap revealed that 79 per cent of small business owners do not have an exit plan. The survey highlighted a mix

01-10-2025

Making Tax Digital – Understanding the new penalty regime

With just six months to go before the first round of Making Tax Digital (MTD) for Income Tax gets rolled out, many sole traders are still not

As the UK economy continues to be held back by the anticipation of the Autumn Budget, it can feel like many businesses are not able to invest or grow at the moment.

01-10-2025

Are SMEs making the most of the British Business Bank Debt Funds programme?

As the UK economy continues to be held back by the anticipation of the Autumn Budget, it can feel like many businesses are not able to invest

25-09-2025

What Sole Traders need to know about tax

If you are about to start your business or are currently running a small business, it is important that you understand your tax obligations and when you