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AI and the Future of Accountancy in West London

AI and the Future of Accountancy in West London

Artificial intelligence is no longer a futuristic concept – it is already transforming the way accountancy firms everywhere and across West London and Ealing work. But rather than replacing accountants, AI is enhancing the profession, freeing up time for more...
Step by Step Guide to Self-Employment Tax Return

Step by Step Guide to Self-Employment Tax Return

Navigating your Self-Assessment tax return as a self-employed individual doesn’t have to be daunting—with GnC Accounting right here in West London to support you every step of the way. 1. Do You Need to File? If you earned more than £1,000 from self-employment,...
New HMRC Fuel Rates

New HMRC Fuel Rates

From 1st June 2025, HMRC is updating its Advisory Fuel Rates (AFRs) – the official rates businesses can use to reimburse staff for business journeys in company cars or for employees to repay private mileage costs. These changes might seem small, but they can have a...
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...
Tax Rules for Your Side Hustles

Tax Rules for Your Side Hustles

Engaging in side hustles has become an increasingly popular way to supplement income and pursue passions. However, it’s essential to understand the tax obligations associated with various types of side activities. Here’s a breakdown of five common side hustles...