Thorne Widgery

24/08/2026

How would your business cope if a key person was suddenly unable to work?

Key person insurance can provide valuable financial protection if an important director or employee becomes seriously ill, suffers an injury or sadly passes away.

However, the tax treatment of the premiums and any eventual payout will depend on the purpose and structure of the policy.

Read our latest blog to find out what businesses need to consider.
🔗 https://www.thornewidgery.co.uk/key-person-insurance-what-businesses-need-to-know-about-tax/

12/08/2026

⚠️ HMRC is preparing to sign up MTD no-shows automatically.

From September, HMRC will begin registering sole traders and landlords who it believes should have joined Making Tax Digital for Income Tax in April 2026 but have not yet signed up.

However, automatic registration does not automatically make you compliant.

Those affected may still need to:
• Check that HMRC holds the correct business details
• Choose compatible software
• Bring digital records up to date from April 2026
• Submit the required quarterly updates

If you believe MTD applies to you, our advice is not to wait for HMRC to contact you.

Read our latest blog to learn what the announcement means and what you should do next.

🔗 https://www.thornewidgery.co.uk/hmrc-is-preparing-to-sign-up-mtd-no-shows-automatically/

The first Making Tax Digital (MTD) for Income Tax quarterly update deadline has now passed, but HMRC is already turning […]

04/08/2026

We’re delighted to welcome Evie Williams to the Thorne Widgery team as our new Admin Apprentice 👋

Evie joins us at the start of her career in accountancy and will be working towards her AAT Level 2 qualification, while gaining experience across both admin and accountancy.

She’s looking forward to developing her skills, taking on new challenges and getting to know the team along the way.

Welcome to the team, Evie! 🎉

03/08/2026

MTD for Income Tax: your first quarterly update deadline is approaching.

The first update is due by 7th August 2026 and covers 6th April to 5th July 2026.

No tax is payable from the update, but your digital records need to be accurate and your software ready.

If you have more than one qualifying business, such as multiple self-employment businesses or property businesses, you must submit a separate quarterly update for each one. This applies even if there has been no income or expenditure during the reporting period.

30/07/2026

Would you trust an online influencer or an AI chatbot with an important tax or accounting decision?

More business owners are turning to social media, online influencers and AI tools for financial guidance. While these platforms can be useful for initial research, the advice they provide may be outdated, oversimplified or completely unsuitable for your individual circumstances.

From questionable expense claims and “tax-efficient” salary advice to VAT registration and limited company myths, following generic online guidance can result in costly errors and unnecessary HMRC scrutiny.

Our latest blog looks at:
• The risks of relying on financial influencers
• How AI-generated advice can go wrong
• Common accounting and tax misconceptions online
• Why professional judgement remains so important

Social media and AI can be valuable starting points, but they should not replace advice from someone who understands your business and the latest UK legislation.

Read the full blog here:
https://lnkd.in/edcB75Kj

23/07/2026

We've joined DJH , an accountancy group with 19 offices across the UK and Ireland.

Alongside our own technology-led approach, we now have access to a wider range of specialist services, including estate planning, R&D tax credits and corporate finance, further enhancing the advice we offer clients across Herefordshire and Shropshire.

With shared values and ambition, this partnership gives us the platform to invest even further in our team, our technology and the service we provide. We're excited to see what it means for our clients and our team! 🚀

Read the full story here -

We’re excited to share that Thorne Widgery has joined DJH, one of the UK’s fastest-growing accountancy groups, marking a fantastic […]

17/07/2026

Salary sacrifice pensions are changing.

From April 2029, the National Insurance savings available through salary sacrifice pension contributions will be capped.

That does not mean salary sacrifice is disappearing.

Employees will still be able to contribute to their pension, and tax relief will still apply, but some of the National Insurance advantage will be reduced.

For employers, this is something worth understanding early.

The change may be a few years away, but businesses that plan ahead will be in a much stronger position when it arrives.

Now is the time to review how salary sacrifice pension schemes are being used, what the impact could be, and whether any changes may be needed before 2029.

If you offer salary sacrifice pensions and are unsure what this means for your business, speak to your accountant or adviser.

13/07/2026

Our latest Pay Less Tax newsletter is available to download now.

In this summer edition, we cover key updates and practical points around employee mileage rates, mandatory payrolling of benefits, hospitality tips and service charges, and key person insurance.

Whether you’re a business owner, employer or simply looking to stay informed, it’s well worth a read.

Head over to our website now to download your free copy.
https://www.thornewidgery.co.uk/wp-content/uploads/2026/06/Pay-Less-Tax-summer-2026v3.pdf