Our Blog

As Gravesend's trusted accountancy firm specializing in property tax, we're helping Kent-based holiday let owners navigate the significant changes coming to Furnished Holiday Letting (FHL) rules from April 2025. Whether you operate a holiday let in Kent's coastal towns or inland areas, understanding how these changes affect your tax position, particularly regarding Business Asset Disposal Relief (BADR), is crucial. Here's what local property owners need to know.

As Gravesend businesses adapt to hybrid working models, the challenge of maintaining employee wellbeing has never been more crucial. At MCC Partners, we're seeing many local businesses grappling with the balance between remote work flexibility and office-based collaboration. Here's our guide to creating a workplace that prioritises employee wellbeing while boosting productivity.

As we approach the festive season, we want to inform our valued clients about our office hours during the Christmas and New Year period.

As your local Gravesend accountants, we're here to help you navigate the tax implications of Christmas celebrations and staff gifts. Here's everything Kent businesses need to know to keep their festive season both enjoyable and tax-efficient.

As your local Gravesend accountants, we're keeping you informed about crucial changes to HMRC's VAT penalty system. These new rules affect all Kent businesses submitting VAT returns from January 2023 onwards.

As your local Gravesend accountants, we understand how challenging it can be to keep track of all the important tax deadlines. Here's your comprehensive guide to the key dates Kent businesses need to know for the coming months.

For small business owners, time is perhaps the most precious resource. Recent studies reveal UK business owners need an additional four hours daily just to manage administrative tasks like invoice processing. Artificial Intelligence (AI) is emerging as a game-changing solution to this challenge, particularly in accessing and managing business finance.

The recent Budget announcement has introduced significant changes to Capital Gains Tax (CGT), with the lower rate increasing from 10% to 18% and the higher rate rising from 20% to 24%. While these changes aim to fund public services, they've prompted many investors to seek legitimate tax-efficient strategies.

In today's digital landscape, maintaining an active blog is no longer optional for businesses seeking online success. Regular blogging serves as a powerful tool for improving your website's search engine visibility while establishing your expertise in your industry.

The recent announcements regarding National Insurance (NI) contribution increases have raised significant concerns for individuals receiving and providing personal care support services. As accountants specializing in small business and personal finance, we're seeing growing anxiety about how these changes will affect care packages and budgets.

Major changes to commercial waste regulations are coming into effect on March 31, 2025, as part of the Environment Act 2021. These new rules will significantly impact how businesses handle their waste management and recycling obligations.

Recent legal developments have introduced significant changes affecting how businesses handle dividends, director responsibilities, and Companies House compliance. Here's what these changes mean for your business.

Private medical insurance is increasingly becoming a cornerstone of competitive employee benefits packages. Beyond attracting and retaining top talent, there are compelling reasons why employers should consider introducing health insurance - including significant tax advantages.

Through our partnership network, MCC Partners ensures small businesses have access to high-quality, reliable professional advice. As your trusted accountancy practice, we connect you with experienced specialists like Saxon HR Consultancy to help navigate complex business challenges beyond financial matters.

Chancellor Rachel Reeves has delivered Labour's first Budget since 2010, introducing £40bn in tax changes that will significantly impact UK businesses. As your local accountancy partners in Gravesend, we've analysed the key changes affecting SMEs and startups.

With Chancellor Rachel Reeves set to deliver her first Budget, businesses across Kent and beyond are bracing for potential changes. As specialists in supporting SMEs and startups, we've analyzed the expected announcements most likely to impact your business.

Are you ready to transform your morning coffee ritual into a powerful networking and learning opportunity? MCC Partners invites you to our upcoming "Beans and Budgets" event at the stylish Invicta Bar, where we'll break down the latest government budget in a relaxed, accessible format.

At MCC Partners, we're always keeping an eye on financial regulations that could impact our clients. The Treasury's recent announcement about regulating Buy Now Pay Later (BNPL) schemes is a significant development that deserves attention.

So, here at MCC Partners, we've been riding the apprenticeship wave for a while now, and let me tell you, it's been awesome for growing talent and boosting our accountancy game.

Recent discussions about potential changes to inheritance tax reliefs have raised significant concerns in the agricultural sector. At MCC Partners, we're closely monitoring these developments and their potential impact on family farms and rural businesses.

As the UK Chancellor prepares for the upcoming Budget, rumors of potential changes to inheritance tax (IHT) and capital gains tax (CGT) are causing concern among estate planners and investors. While IHT is often criticized, it currently affects only about 5% of estates and raises a relatively modest £7.5 billion annually for the Treasury.

A major change is coming that affects millions of pensioners across the UK. Here's what's happening and what it might mean for you:

If you're a graduate with student loans who files a self-assessment tax return and receives benefits from your employer, you might be overpaying on your student loan repayments. Here's what you need to know:

In recent years, HMRC has intensified its focus on the dog breeding sector, aiming to ensure full compliance with tax legislation. This move comes in response to the exponential rise in the number of breeders and concerns raised by animal welfare groups.

With the deadline fast approaching to register for a tax return for the tax year ending 5th April 2024. Here is a summary of the key facts you need to know to stay ahead of the game. 

HMRC Postpones Implementation of Enhanced PAYE RTI Reporting Requirements

Plans to mandate the inclusion of employee working hours and director dividend details in PAYE real-time information (RTI) reports have been put on hold. HMRC has officially confirmed that the proposed requirement for more detailed employee hours data through PAYE RTI returns will not be implemented in April 2025 as initially planned.

HMRC Issues Warning About Fraudulent Letter Targeting Businesses

HMRC, is alerting business owners about a deceptive letter circulating that impersonates the agency. This fraudulent communication requests sensitive business information and bank statements from recipients.

Tax Fraud Alert: The Hidden Dangers of Outsourcing Your Tax Returns

In recent years, a disturbing trend has emerged in the world of tax preparation. Unscrupulous outsourcing companies are taking advantage of unsuspecting individuals and businesses, promising guaranteed tax refunds through fraudulent means. This practice not only puts you at risk of severe legal consequences but also undermines the integrity of our tax system.

Inheritance Tax Overpayments: The Importance of Trusts for Life Insurance Policies

The changing landscape with tax legislation and how it impacts other aspects of your estate planning is a minefield. This article looks at the importance of reviewing your life insurance policy to ensure your loved ones are not paying more inheritance tax than they need to be. 

VAT and the Potential Expansion of 'Luxury' Services

UK Government Faces Tough Choices on Tax Increases

Following on from this weeks article on potential tax changes this article looks at the most likely areas where Chancellor Rachel Reeves will most likely be able to increase tax revenues. 

As your trusted accountants and tax advisors advisors, we always aim to keep you informed about important changes that may affect your finances. Recent announcements from the government have outlined several significant tax modifications on the horizon. Here's a breakdown of what you should be aware of:

Guide for New Company Directors: Statutory Requirements, Compliance, and Responsibilities. 

Congratulations you are now a director of a limited company! The below guide looks to inform you of your new responsibility and a few tips on best practice to help keep on top of what is happening.

In future, HMRC helplines will no longer deal with requests for payment deduction statements (PDS) for the Construction Industry Scheme

At MCC Partners, we're committed to protecting our clients' financial well-being. Recently, we've observed an alarming increase in sophisticated scams targeting businesses and individuals. These scammers are impersonating reputable organizations like HM Revenue & Customs (HMRC) and Companies House, attempting to trick people into making payments or divulging sensitive information. We want to arm you with the knowledge to protect yourself and your business.

What is employers NIC allowance and why have I received a letter? 

Effective credit control is the backbone of a business's financial health. It ensures that a company maintains a steady cash flow, minimizes bad debts, and sustains profitability. Without a robust credit control system, businesses can face significant financial risks, including cash flow problems, increased debt levels, and potential insolvency. In this blog, we'll explore why credit control is crucial and outline essential processes that businesses should implement to manage credit effectively.

One of the biggest challenges that faces small business is how to get new customers and grow their business. The world of advertising has changed hugely in the last 10 years. Gone are the days of playing golf to get contacts and meeting face to face... or are they? 

With the biggest changes coming at companies house for the first time in a decade! What are the changes and how to they affect you and your company. 

The deadline for filing your Self Assessment tax return is 31 January each year.

Contrary to popular belief, you don’t need to wait until January to submit it. You can actually get ahead by filing as early as the end of the tax year. In 2023, over 77,500 taxpayers avoided the January rush by submitting their tax returns on 6 April.

Filing your tax return early provides several benefits beyond just compliance.

This is a reminder for all taxpayers that they must remember to declare correctly and COVID-19 payments in there tax return information.