Latest Insights & Industry News
Earning Money From Social Media? Here's What You Need to Know About Tax
More people than ever are earning money from social media — whether that's a few hundred pounds a month from a side project or a full-time income built around content creation
National Minimum Wage Is Going Up in April — Here's What Employers Need to Know
From April 2026, minimum wage rates are increasing across the board — and for many businesses, the rises are more significant than in recent years.
FRS 102 Amendments to UK GAAP: Part 2 - Revenue
From 1 January 2026, the UK accounting standards for revenue recognition changed. The updated FRS 102 brings the UK in line with international standards and introduces a more structured, principle-based approach to how and when revenue should be recorded in your accounts.
Uber and Private Hire Drivers: Have You Had a Letter From HMRC?
You get home after a long shift, or maybe you've just done the morning airport run. You walk through the door and there it is — a brown envelope with "HM Revenue & Customs" printed on the front.
Are You Paying the High Income Child Benefit Charge — and Do You Even Know It?
HMRC is expecting around 35,000 more families to become liable for the High Income Child Benefit Charge (HICBC) over the next three years.
DBS Launches a New Podcast for Employers and Safeguarding Professionals
If you're an employer, work in HR, or have any involvement in safeguarding, this one's worth knowing about.
Inheritance Tax Is Changing in April — Here's What You Need to Do Now
Some of the biggest changes to Inheritance Tax (IHT) in decades are coming into effect from April 2026. If you own a business, farmland, or have investments in AIM-listed shares, the reforms could significantly increase your tax exposure — and the window to act under the current, more generous rules is closing fast.
HMRC Is Changing How You Log In — Here's What You Need to Know
If you've ever had to hunt through old emails trying to find your Government Gateway ID, you'll be pleased to hear that HMRC is finally modernising the way people access its digital services.
A Million People Missed the Self Assessment Deadline — Are You One of Them?
The 31 January deadline has come and gone, and HMRC has confirmed that 11.48 million people filed their Self Assessment tax return on time.
Beyond the Numbers: How We Help Your Business Grow
Running a business is about far more than keeping your accounts in order. At Alera Accounting & Advisory, we offer a range of advisory services designed to help you make better decisions, grow sustainably, and protect what you've built.
Getting Ready for Making Tax Digital: What Sole Traders and Landlords Need to Know
With the new tax year approaching in April, sole traders and landlords with income over £50,000 need to prepare for Making Tax Digital (MTD). From 6 April 2026, around 900,000 individuals will be required to submit quarterly updates to HMRC using approved software.
Government U-Turn on Mandatory Digital ID for Right-to-Work Checks
The government has stepped back from plans to make workers register for a digital ID programme to prove their right to work in the UK. While right-to-work checks will still move to a digital format by 2029, registration for a digital ID will now be optional rather than compulsory.
Mandatory Payrolling of Benefits in Kind: What Business Owners Need to Know
From April 2027, the way employers report benefits in kind is changing. If your business provides taxable benefits to employees, whether that's a company car, private medical insurance, or gym memberships, you'll….
Managing January Cash Flow Pressures for UK Businesses
January is widely recognised as one of the toughest months of the year for business cash flow in the UK. After the festive period—when spending is often higher and trading activity can slow…
UK economy remains mixed as interest rates are cut
The UK economy continues to present a mixed picture, with recent data offering some relief for households while businesses continue to face headwinds.
Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) – How to Prepare
Making Tax Digital (MTD) for Income Tax Self Assessment is a major HMRC reform aimed at modernising the way individuals report income. From April 2026, anyone with more than £50,000 of combined self-employment and/or property income….
Apprenticeship Funding Reforms – What They Could Mean for Your Business
The Government has announced a £725 million package of reforms aimed at expanding apprenticeship and training opportunities for young people. While the headline focus is on addressing youth unemployment, there may be meaningful benefits for small and medium-sized businesses over the coming years.
Self Assessment 2024/25 – Filing Deadline Approaching
The deadline for submitting your 2024/25 Self Assessment tax return is approaching. Your return must be filed, and any tax due paid, by 31 January 2026 to avoid late filing penalties and interest charges.
UK Electric Vehicle Tax Changes – What You Need to Know
The Autumn Budget 2025 introduces significant changes to how electric vehicles (EVs) are taxed in the UK. These reforms will affect both private motorists and businesses operating company cars….
Autumn Budget 2025 summary: What you need to know
After months of speculation, market jitters and shifting policy signals, Rachel Reeves has finally delivered her long-awaited second Budget — and she’s pushed it as late into the year as she realistically could.