News
At Hysons we want to make sure we are providing the latest new and useful accounting information to businesses and people in need of advice.
Spring Statement 2026
The Chancellor held the Spring Statement on 3 March 2026. The government has been keen to have only one tax event per year (the Budget), and so the Spring Statement was intended to provide an interim update on the economy and public finances. Whilst the Chancellor did meet the commitment not to make major tax…
Year End Tax Planning February 2026
Key points this year For companies and business owners Profit extraction planning points Dealing with directors’ loan accounts Unincorporated business matters Plan for tax-efficient business motoring Property matters The family business FOR FAMILIES, COUPLES AND INDIVIDUALS Tax rates and allowances Tax and the family Where Gift Aid fits in Pension planning High Income Child Benefit…
Why Avoid Using AI for Tax Advice
You would be hard-pressed to find an industry that hasn’t built up a reliance on AI for day-to-day support. However, although artificial intelligence is a proven way to help companies run efficiently, there are some areas where it can cause more harm than good. In this article, we will explore the issues that can arise…
The Impacts of the Rising National Living Wage
The 2025 Autumn Budget Statement announced an upcoming increase to the National Living Wage and the National Minimum Wage, to keep wages in line with inflation. What does a rise in wage rates mean for employers? Higher wages for those on the National Living Wage (NLW) The NLW will rise from 1 April 2026 by…
Autumn Budget Statement 2025
Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds for a further three years. Tax increases In addition to maintaining Income Tax thresholds, taxes…
Could Taxes Go Up in the Autumn Budget? How to Be Ready
The Autumn Budget will be outlined on November 26th, with the Chancellor expected to announce a number of financial changes. Issues such as rising living costs, plateauing wages and imbalances across the economy have already been cited as key issues the budget is set to help with. While there are expected to be a number…
Protecting You and Your Business: Using Trusts
Whether you are looking to protect your business or personal assets, at Hysons, we pride ourselves on providing professional accounting advice. One area that we support our clients in selecting the most suitable forms of trusts to protect funds and property. Keep reading to understand what a trust is and the role it plays in…
The Benefits of Year-Round Tax Planning
The best way to maximise performance and business operations is to opt for year-round tax planning. Instead of simply spending time managing accounts when the year end approaches, this forward-thinking way of managing costs ensures you always remain in control of your finances. Whether you are interested in year-round tax planning for a business or…
Keeping Your Business Cash Liquid – The Difference Between Cashflow and Profit
Are you clued up on the differences between cash flow and profit? To ensure your business never runs out of funds, it’s vital to understand the differences between the two. That’s why one of main aims as business accountants is to help companies achieve healthy cash flows. This is essential for ensuring inbound and outbound…
How Pensions Reduce Your Tax Bill
While many people spend time focusing on expenses and investments as a way to reduce tax liabilities, a key factor to consider is a pension. Whether you are seeking a way to manage finances more efficiently as a self-employed professional or are a PAYE employee looking to gain a better understanding of tax obligations, this…
DIY Accounting vs Hiring an Accountant: Make the Right Choice for Your Business
Did you know that 91% of UK small businesses choose to hire an accountant? This high number of companies reflects the importance of proper financial planning. In this article, we’ll highlight the differences between DIY accounting or hiring a professional to help you make a choice about what’s best for your business. What’s the Difference…
What’s Happening With Making Tax Digital?
Are you clued up on what’s happening with HMRC’s Making Tax Digital (MTD) initiative? Launched in 2019, this scheme requires businesses of all sizes to record, submit, and pay taxes online. For many, this change has seen processes switch from paper accounting to the use of digital platforms. Keep reading to discover the latest MTD…
Spring Budget Statement 2025
Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the…
Mastering Expense Management in Your Business
Establishing reliable expense management is vital for any business. As well as supporting sustainable growth, enhanced profitability and stronger compliance, having control over company spend also supports a healthy cash flow. In this article, we’ll highlight some key strategies that businesses can adopt to master expense management, plus share details of the support provided by…
Understanding Potential Threats To Your Business Value
Creating a successful business takes lots of time, hard-work and dedication. As well as being mindful when it comes to planning and forecasting, all business owners should be mindful of the potential threats that may impact them. In this article, we’ll highlight what the most common threats are and share advice for how business owners…
What You Need to Know as the Personal Tax Deadline Approaches
Keeping on top of tax is important not just for limited company directors but also anyone who has received untaxed income through other sources. From self-employed professionals to landlords, it is important to manage personal tax correctly. January 31st is one of the most pivotal dates in the personal tax-year which we will share details…