Resources

You've built a profitable £10M business. Private equity interest is starting to knock. Your accountant says your books are "clean." Then due diligence begins, and everything falls apart. This scenario plays out more often than you'd think. Because there's a world of...

Companies House has introduced identity verification requirements for company directors and persons with significant control, marking a significant shift in UK company registration. The new regime, which commenced on 18 November 2025, forms part of the Economic Crime...

Introduction Chancellor Rachel Reeves delivered her second Autumn Budget on 26 November 2025, announcing £26 billion in tax increases alongside measures aimed at cutting the cost of living and reducing NHS waiting lists. This marks one of the most significant fiscal...

A seismic shift in estate planning From 6 April 2026, the full 100% relief from inheritance tax will be restricted to the first £1 million of combined agricultural and business property, with anything above this receiving only 50% relief. This represents one of the...

Understanding the economic landscape ahead UK GDP is forecast to grow by 0.9% in 2026, before accelerating to 1.3% in 2027, with the economy expected to slow towards the end of 2025 due to the combined effects of a fragile global economy, tighter fiscal policy and...

The sustainability reporting revolution arrives Consultations on the UK's new Sustainability Disclosure Requirements standards began in Q1 2025, with implementation from January 2026. While immediate requirements affect primarily larger companies, the implications...

The escalating threat environment According to the Chartered Institute of Internal Auditors, cybersecurity and data security was identified as the single greatest risk for businesses in 2026, with over 80% of internal auditors in the UK and Europe flagging it as a top...

At FMY Chartered Accountants, we believe preparation is the key to confidence. The Financial Reporting Council (FRC) has announced important updates to FRS 102, the most widely used accounting standard in the UK and Republic of Ireland. These changes, effective for...

As a business owner, you're juggling countless responsibilities. From managing your team to delivering exceptional service to your customers, there's barely enough time in the day. Yet amidst all this, one critical area often gets neglected: your finances. You know...

From April 2026, the way self-employed individuals and landlords report their income will change forever. HMRC is introducing the next stage of Making Tax Digital (MTD), bringing Income Tax Self-Assessment (ITSA) into the digital age. For many, this will feel like a...