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Spring Statement 2025

Spring Statement 2025

What It Means for You and Your Business On 26 March 2025, Chancellor Rachel Reeves delivered the UK’s Spring Statement, outlining economic plans to tackle slower growth and rising costs. While big tax changes are expected in the Autumn Budget, several key...
AI and Accounting

AI and Accounting

AI and Accounting Generative AI technologies have created quite a buzz, but they often don’t live up to the hype. Accountants and bookkeepers are starting to share how they’re using AI in their day-to-day work – including us at GnC accounting. For ages, tech has...
Gift Aid

Gift Aid

Gift Aid is a UK government scheme that allows charities to claim back tax on donations made by individuals who are taxpayers. When you donate to a charity, if you are a UK taxpayer, the charity can increase your donation by 25 percent at no extra cost to you. This...
HMRC Rental Income Investigations

HMRC Rental Income Investigations

HMRC Rental Income Investigations Recently, we have been hearing from our new and existing clients about letters they received from HMRC to investigate if they have been getting property income without declaring. HMRC currently employs a system to investigate rental...