HMRC’s New Plan to Close the Tax Gap? Increased Penalties for Small Business Owners
From April 2025, the UK government’s new strategy for increasing tax revenue becomes painfully clear: target small businesses and individuals with harsher penalties. Hidden within the Chancellor’s 2025 Spring Statement is a significant and controversial update to HMRC’s penalty regime. Framed as a plan to “close the tax gap,” it actually hits those least able […]...
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How One Plumbing Business Lost £13,500 in Tax (Needlessly)
Imagine paying £13,500 in tax that you didn’t need to. Unfortunately, that’s exactly what happened to a recent business owner who contacted us for help. The Background Owner of a plumbing and heating business Looking to invest in property using business profits Found the right opportunity and needed £40,000 to finance it So far, so […]...
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Inside Our Away Day: Operational Improvements, Software Strategy & Stronger Client Relationships
At Adaptive Accountancy, we recently hosted a team away day focused on operational excellence and improving our internal processes. As always, transparency and collaboration are at the heart of what we do—and this session was no exception. Here’s a closer look at the practical, small-picture discussions that took place. Tackling Rising Software Costs Head-On One […]...
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Team Away Day Recap: Transparency, Targets, and Ten-Pin Triumph
At Adaptive Accountancy, we recently held our team away day—a vital opportunity to step away from daily operations and reflect on our progress, plan our future, and strengthen team bonds. Transparency, clarity, and alignment on goals are always core to these sessions. Here’s what we covered: Reflecting on Our Journey We kicked things off by […]...
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