Tel: 01227 941945 / 01227 811745

News Blog

Ackland Webb Accountancy

Crypto Assets

From 2025, HMRC will require income, gains, and losses from crypto assets to be reported separately on self-assessment tax returns. For crypto investors, this is an important change and not entirely unexpected, given HMRC has long viewed crypto reporting as a problematic area and the new rules will give them greater…

Read More »

Online Selling

Starting January 1, 2025, online resale platforms like eBay and Vinted will begin reporting details of sellers to HMRC if their annual online sales exceed £1,700 or if they make more than 30 transactions. This move aims to identify individuals generating undeclared profits from online sales – a growing area of concern for HMRC.

Read More »

Budget Summary 2024

This review is intended to offer some practical thoughts and insights on how changes to the tax system might affect the majority of our clients, who include self-employed sole traders and owners of limited company businesses, pensioners, landlords and high net worth individuals.

Read More »

Tax on Airbnb Income

HMRC is turning its attention to landlords of short-term property booked through online property sites such as Airbnb & Booking.com…

Read More »

Finance Update Autumn 2022

Welcome to our latest update. I originally drafted this note sitting in my garden one Sunday afternoon in late August, sipping a cold beer in the sunshine, living on the edge as accountants often do! How times have changed in

Read More »

Financial Support Update 6 October 2020

Looking back with some surprise, it hardly seems possible that we wrote our last update at the end of July. With the recent announcements of further restrictions, new initiatives and extended support, the relative calm and the hot weather of

Read More »

Financial Support Update 21 July 2020

We have recently seen a series of new measures although these mostly affect the retail and hospitality sectors. As we move into the summer holiday period, many of us find ourselves with greater uncertainty as the lockdown restrictions are slowly

Read More »

Financial Support Update 7 June 2020

In the last few weeks, we have seen a raft of new guidance from government and HMRC. As the country begins to exit the lockdown, this leaves many business owners with some important decisions to make about how to proceed.

Read More »

Discretionary grants for small business

Further to our last post (“Grants: the discretionary scheme”), we believe that local councils are launching application portals on 1 June. If you have not previously received a grant under the Small Business scheme (£10,000) or under the Retail, Hospitality

Read More »

Financial Update 20 May 2020

The past 10 days have seen a good deal of change both in philosophy and in practical measures with much debate in public and private about how we, as a nation, proceed from here. It will be interesting to see

Read More »

Financial Update 1 May 2020

As we head into May, there is much debate about when the UK will begin to see a relaxation of the lockdown. We are hearing that construction companies and car franchises, to name but two sectors, plan to reopen in

Read More »

This site uses cookies. Some of the cookies we use are essential for parts of the site to operate and have already been set. We also use a Google Analytics script which uses cookies. By clicking the Accept button you consent to our use of cookies by continuing to use this website.