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Top Randall-payne.co.uk News

More than 150 volunteers celebrated at Warrington and Halton Hospitals
Volunteering · United Kingdom

More than 150 volunteers celebrated at Warrington and Halton Hospitals

100% Center coverage: 1 sources
MORE than 150 volunteers at Warrington and Halton Hospitals are being celebrated this week.See the Story
HMRC tax refund: what to do if you’ve paid too much tax
Taxes · United Kingdom

HMRC tax refund: what to do if you’ve paid too much tax

If you’re self-employed or own a business and believe you’ve paid too much tax, you might be entitled to an HMRC tax refund.  If you’ve made a mistake on your tax return, or if you think you’ve overpaid, read our guide on how to claim a tax refund. Is there an HMRC tax refund? Are HMRC tax refunds slower than usual? Why you might need an HMRC tax refund How to do an HMRC tax refund How to correct a tax return Is there a time limit for correctin…See the Story
Changes to Agricultural Property Relief and Business Property Relief explained | Randall & Payne
United Kingdom · United Kingdom

Changes to Agricultural Property Relief and Business Property Relief explained | Randall & Payne

The recent changes to Agricultural Property Relief and Business Property Relief that come in to affect from April 2026 will have significant impact on farmers and business owners that may previously had no Inheritance Tax (IHT) liability. A lot of emphasis in the media has been on farmers, understandably, however it’s possible to overlook that business’ with a value in excess of £1 million will also be greatly affected by the changes coming into…Read Article

Salary Exchange schemes explained with benefits to employee and employers | Randall & Payne

Salary exchange, also known as salary sacrifice, is an arrangement where employees agree to reduce their gross salary in exchange for a non-cash benefit, typically a pension contribution. The employer will also contribute along with the sacrificed salary into the pension scheme, effectively reducing the employee’s National Insurance contributions (NICs) and potentially increasing their take-home pay. But is a salary exchange scheme a good idea f…Cheltenham, England · CheltenhamRead Article

Changes to FRS102 coming into effect next year | Randall & Payne

Amendments to The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS) become effective for periods beginning on or after the 1 January 2026. These are significant changes, and we are recommending that our clients take time to understand the potential impact to their financial accounting processes ahead of the implementation date. These changes are being made in order to align the UK accounting standards with the Inter…Cheltenham, England · CheltenhamRead Article

Further relaxation of self-assessment thresholds announced

The government has announced changes to the threshold at which some taxpayers need to complete a tax return. What’s the full story? The criteria for the requirement for self-assessment varies between different types of taxpayer. Previously, self-employed traders have enjoyed a turnover threshold of £1,000 with no requirement to register. HMRC has previously announced that the gross income threshold at which sole traders need to complete a tax re…Property · United KingdomSee the Story

Delay to Mandatory payrolling of BiKs - HaysMac - Award-winning Chartered Accountancy Firm

The Government have announced a Delay to Mandatory payrolling of BiKs, this is welcome news as the roll out is delayed until 2026.Cheltenham, England · CheltenhamSee the Story

UK businesses warn of financial strain ahead of digital tax rules

A majority of UK small business owners are concerned about the financial and operational pressures of HMRC’s upcoming ‘making tax digital‘ (MTD) reforms to income tax. MTD for income tax, set to take effect from April 2026, will require self-employed individuals and landlords earnings over £50,000 to maintain digital records and submit quarterly updates using compatible software. Just one year ahead of the roll-out, accountancy software firm Fre…Software · United KingdomSee the Story

Ever-changing business landscape, if only we had a sat nav to help us with the navigation

With technological advancements, tax changes, utility rate increases and even implications with recycling regulatory changes, running a business is a full time job let alone finding the time to manage change.Throw in a wild card overseas and it becomes increasingly important to find the time to work on the business, writes Tim Watkins, managing partner of Gloucestershire-headquartered accountants Randall & Payne.Having a robust but flexible busi…Gloucestershire · GloucestershireSee the Story

Changes to company size thresholds – what it means for your business | Randall & Payne

New thresholds for company size classifications have taken effect for financial years starting on or after 6 April 2025, meaning more small and medium-sized businesses can benefit from simpler reporting rules. See the changes on Legislation.gov.uk here. The changes The government has raised the financial thresholds that define whether a company is considered small or medium-sized. This move is aimed at easing the regulatory burden and aligning t…United Kingdom · United KingdomRead Article

Showing a reduction in our key environmental metrics | Randall & Payne

As part of our continuing commitment to the environment and our ISO 14001 Environmental Management System certification, we track various monthly metrics. A lot has changed in the last five years, before which our waste was over double the current volumes. This huge reduction is due to hybrid working, using less paper resulting in less confidential shredding following the transition to cloud accounting software, such as Xero, and paperless files using MyWorkPapers. Having achieved the ISO 14001 certification in 2022, we have found ways to further reduce our overall waste by 6%, which includes confidential shredding, recycling, general waste and food waste, and is handled by one local provider, Printwaste. We have also reduced printer usage by 5% each year and our spend on printing stationary has reduced by 25%, and 11% respectively over the last two years with the increased use of emails.Environment · CheltenhamRead Article

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