Tearle & Carver Chartered Accountants and Business Advisers

17/09/2026

Alert: Are your staff getting the right minimum wage? Mistakes could cost you dearly. Check if apprentices or young workers are paid correctly to avoid penalties. Find out why it matters now and keep your payroll up to date.

Employers must make sure their staff receive at least the National Minimum Wage or National Living Wage rate that applies to them. The correct rate depends on the worker's age and, in some cases,

16/09/2026

Alert: Did you know your company can be dormant for Corporation Tax without being officially closed? It's about your trading activity, income, and more. Find out why this could affect your next tax move. Read on to see if your company fits the dormant status.

A company does not have to be formally closed to become dormant for Corporation Tax. A company is usually considered dormant if it has stopped trading and has no other income, such as investment

15/09/2026

Trading losses aren't always bad news, they could unlock a tax refund! If your business has made a loss, you might reclaim tax from previous profits or shield future earnings. Curious how this could work for you? Find out why this matters now.

Making a trading loss whilst not ideal can sometimes generate a tax refund. If you are a self-employed individual or a member of a trading partnerships, a trading loss can potentially be set against

14/09/2026

Alert for those mixing business and personal costs! If your expenses have both elements, only the business share counts towards your tax. Curious how to keep it fair and clear? Find out why keeping records matters and how home working costs might be split. Read on to get it right!

Self-employed people can deduct allowable business expenses when calculating their taxable profits. However, where a cost has both a business and private element, only the business proportion can

14/09/2026

Is your company sure it's paying the right Corporation Tax rate? Marginal relief could mean the tax you pay could be more complex than you think. Find out why checking your profit thresholds might save you money. Read on to see what you should know.

The rate of Corporation Tax payable depends mainly on the level of a company’s taxable profits. The main rate is 25% and applies where profits exceed £250,000. Companies with profits of £50,000 or

11/09/2026

Could the rules on company distributions be changing? New proposals might reshape how share capital reductions and share purchases are taxed. Find out why this matters to company owners now.

The tax rules concerning what constitutes a distribution for tax purposes have remained largely unchanged since Corporation Tax was introduced in 1965. HMRC has recently published a consultation

10/09/2026

Alert for businesses with big projects: government consultation on how predevelopment costs are taxed is open. Could this change impact your bottom line? Read on to find out why your early-stage survey and study costs matter now.

Businesses planning major infrastructure and development projects should be aware of a new government consultation on the tax treatment of predevelopment costs. The consultation follows the

09/09/2026

UK employers, are you aware of your PAYE and National Insurance responsibilities when overseas staff come to work in the UK temporarily? It's not as straightforward as it seems. Discover how specific arrangements like EP Appendix 4 or 8 could impact your payroll. Find out why paying attention now could save hassle later. Read on to get it right!

08/09/2026

Got a P800 from HMRC? It might not be as straightforward as it seems. Double-check your tax details to avoid surprises. Curious? Read on to find out why it matters.

HMRC is currently carrying out its annual reconciliation of PAYE for the 2025-26 tax year. Between June and November, HMRC calculates the Income Tax paid by individuals and checks whether the correct

07/09/2026

Is your VAT system truly airtight? Identifying gaps now could save headaches later. Check if controls keep pace with your business changes. Find out why this matters today.

A strong VAT control system should clearly identify who is responsible for VAT, document the processes involved and regularly check that controls are working. HMRC also recommends keeping procedures