Pension Annual Allowance update

Local accountants and tax advisers, Trueman Brown, have some advice for taxpayers who want to receive the maximum relief for paying pension premiums to a private plan. Tax relief is available to encourage individuals to make contributions to registered private pension...

HMRC may demand VAT security deposit

Local accountants and tax advisers, Trueman Brown, have advice for local businesses struggling to settle their VAT liabilities. The vast majority of businesses pay their tax bills on time however, any that are finding it hard to make payment in full and/or on time can...

Trading Losses in Early Years: 2025/26 Relief Guide

​Trading losses in early years – what you need to know Starting a new business can be challenging and, in many cases, you may incur trading losses in early years. These losses can arise when initial costs, set-up expenses or unexpected circumstances (such as the...