Business & Strategy Archives - RiverView Portfolio

Gov UK website, on the Companies House Page

01 Aug 25

ECCTA Implementation Timeline: What Businesses Must Know

Joe Palmer

ECCTA Implementation Timeline: What Businesses Must Know August 6th 2025 Important Update: Identity Verification for Directors and PSCs From 18th November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity with Companies House. This change is part of the Economic Crime and…

29 Apr 25

Making Tax Digital: Choosing the Right HMRC-Compliant Software

Joe Palmer

Making Tax Digital: Choosing the Right HMRC-Compliant Software The shift towards Making Tax Digital (MTD) represents one of the most significant changes to the UK tax system in recent history. Its goal is clear: to make it easier for individuals and businesses to get their tax right and keep on…

16 Apr 25

Making Tax Digital for Income Tax: Frequently Asked Questions

Joe Palmer

Big Changes Ahead: Get Ready for Making Tax Digital for Income Tax From April 2026, major changes are coming to how many self-employed individuals and landlords report their income. Making Tax Digital (MTD) for Income Tax will soon become mandatory for thousands across the UK — and with change often…

16 Apr 25

Making Tax Digital for Income Tax: What Landlords and the Self-Employed Need to Know

Joe Palmer

Making Tax Digital for Income Tax: What Landlords and the Self-Employed Need to Know The UK tax system is in the midst of a major overhaul – and it’s one that will impact a wide range of individuals and businesses. Making Tax Digital (MTD) is HM Revenue & Customs’ (HMRC)…

07 Apr 25

National Minimum Wage Increases: What Employers Need to Know

Joe Palmer

National Minimum Wage Increases: What Employers Need to Know As we step into the new financial year, April brings a series of significant changes to employment regulations, particularly concerning the National Minimum Wage (NMW) and National Living Wage (NLW). With the cost of living continuing to rise, these updates will…

28 Mar 25

Late payment penalties rise to 10% [Spring Statement 2025]

Joe Palmer

Late payment penalties rise to 10% [Spring Statement 2025] Taxpayers across the UK are set to face stricter financial penalties for late tax payments as the government implements a more punitive regime starting in April 2025. This change, announced in the Chancellor’s first Spring Statement, forms part of a broader…

27 Mar 25

2025 Spring Budget Summary

Joe Palmer

2025 Spring Budget Summary In the 2025 Spring Budget, Chancellor Rachel Reeves unveiled a series of initiatives aimed at strengthening HMRC’s ability to combat tax evasion and avoidance. These measures are designed to enhance compliance, modernize tax administration, and ensure a fairer tax system. Increased Investment in HMRC Compliance The…

04 Mar 25

Understanding the Tax and National Insurance Treatment of Tips in 2025

Joe Palmer

Understanding the Tax and National Insurance Treatment of Tips in 2025 The hospitality industry has long navigated the complexities of tips, gratuities, and service charges. With the introduction of the Employment (Allocation of Tips) Act 2023, which came into effect on 1 October 2024, new rules ensure that all tips…

17 Feb 25

Should directors have employment contracts?

Joe Palmer

Should Directors Have Employment Contracts? We’ve recently seen another firm of accountants recommending that all directors should have employment contracts. That advice runs contrary to our approach, so let’s break it down and explain why we strongly disagree. Understanding Director Status According to gov.uk, a person appointed to a company…

13 Feb 25

Company Accounts Thresholds Increasing by 50% from April 2025: What It Means for You

Joe Palmer

Company Accounts Thresholds Increasing by 50% from April 2025: What It Means for You The government has announced a significant change to company accounting thresholds, increasing them by 50% from April 2025. This move is designed to reduce the reporting burden on businesses and account for inflation since the last…