Phelan Cloud Accounting

Phelan Cloud Accounting We have a passion for cloud accounting and offer clients a tailored service to suit their needs.

📢 Did you know we have a monthly newsletter?Here’s what we’re covering this month:• 💷 Chancellor raises £26 billion in t...
16/12/2025

📢 Did you know we have a monthly newsletter?

Here’s what we’re covering this month:

• 💷 Chancellor raises £26 billion in the Autumn Budget
• 🎄 Christmas crafters urged to check tax rules
• 🏛️ CIOT calls for implementation of IHT transitional gifting rule
• 📊 Self-employed overcounted for decades in official data
• 🏦 Bank deposit protection limit to rise to £120,000
• 🌱 UK risks falling behind in net zero race, warns BCC
• 🤖 AI expected to shrink headcount as hiring confidence hits record low
• 🚗 Latest advisory fuel rates for company cars

👉 Read the full update here:
https://www.phelancloudaccounting.co.uk/news/latest-news-for-business

📬 Subscribe to our monthly newsletter:
https://www.phelancloudaccounting.co.uk/registration/register

Why not register to receive our Monthly Newswire? Simply complete the form below and we will email you a link to complete your subscription. Registration will allow you to:

📢 Autumn Budget 2025 – Key TakeawaysDelivered by Chancellor Rachel Reeves on 26 November 2025, this budget outlines tax-...
27/11/2025

📢 Autumn Budget 2025 – Key Takeaways

Delivered by Chancellor Rachel Reeves on 26 November 2025, this budget outlines tax-raising measures worth up to £26 billion 💷 aimed at funding cost-of-living support and economic stability.

💼 Tax Increases Announced

These tax changes will be achieved through a mix of new measures, including:

• 📌 Freezing Income Tax thresholds for a further three years ❄️
• 🏠 Higher taxes on property, dividend & savings income
• 🧾 Employee & employer NICs applied to salary sacrifice pension contributions above £2,000 a year (over a £2,000 limit for salary sacrifice schemes, pensions threshold of £2,000+)
• 💼 NICs on salary sacrifice pension contributions above £2,000 per year for employees & employers
• 🏡 New tax on homes valued at £2 million+ 🏰

🚂 That is my choice – Spending & Support

On the spending side, Reeves focused on affordability and support for families:

• ⚡ Action to reduce energy bills
• 🚆 Rail fares frozen
• 👶 End of the two-child benefit cap

Reeves said:

“For every family we are keeping our promise to get energy bills down… £150 taken off the average household energy bill from April. Money off bills, and in the pockets of working people. That is my choice.”

👉 Want the full breakdown? We've summarised it for you:
🔗 https://www.phelancloudaccounting.co.uk/news/latest-news-for-business

📬 Subscribe to our monthly newsletter to stay ahead:
🔗 https://www.phelancloudaccounting.co.uk/registration/register

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📢 Did you know we have a monthly newsletter?This month’s edition covers key business and tax updates, including:• 💰 Chan...
20/10/2025

📢 Did you know we have a monthly newsletter?

This month’s edition covers key business and tax updates, including:

• 💰 Chancellor urged to cut National Insurance but hike Income Tax in Autumn Budget
• 🏢 Budget Board must focus on easing the cost of doing business, says IoD
• 🧾 Chancellor to explore reforms to business rates on second premises
• 💼 Covid repayment window opens
• ⚖️ Companies face prosecution risk as new fraud law comes into force
• 🚫 Lowering VAT threshold would be manifesto breach, warns IPSE
• 🤖 AI to boost trade by nearly 40% by 2040 if gaps are bridged, says WTO
• 🏡 Failed housing transactions cost £1.5 billion a year

👉 Read the full update here:
https://www.phelancloudaccounting.co.uk/news/latest-news-for-business

📬 Subscribe to our monthly newsletter:
https://www.phelancloudaccounting.co.uk/registration/register

Why not register to receive our Monthly Newswire? Simply complete the form below and we will email you a link to complete your subscription. Registration will allow you to:

📢 Did you know we publish a monthly newsletter?Here’s a snapshot of what’s inside this month’s edition:• 📅 Autumn Budget...
12/09/2025

📢 Did you know we publish a monthly newsletter?

Here’s a snapshot of what’s inside this month’s edition:

• 📅 Autumn Budget confirmed for 26 November
• 🧾 Over 850,000 self-employed to be pulled into first phase of Making Tax Digital
• 🏡 Homebuyers warned over bogus SDLT claims
• 💼 Crackdown on late payments launched to back small businesses
• 🌍 SME exporters hit by new US customs charges
• ⚡ HMRC splits advisory fuel rates for electric cars
• 🚗 Latest advisory fuel rates for company cars
• 👩‍💼 The latest guidance for employers

👉 Read the full update here: https://www.phelancloudaccounting.co.uk/news/latest-news-for-business

📬 Subscribe to our monthly newsletter: https://www.phelancloudaccounting.co.uk/registration/register

Why not register to receive our Monthly Newswire? Simply complete the form below and we will email you a link to complete your subscription. Registration will allow you to:

📬 Have you seen this month’s newsletter from Phelan Cloud Accounting?We round up the latest developments in tax, busines...
07/08/2025

📬 Have you seen this month’s newsletter from Phelan Cloud Accounting?

We round up the latest developments in tax, business, and economic news – perfect for business owners, landlords, sole traders, and anyone trying to stay informed without getting overwhelmed.

Here’s what we’re covering this month:

🔹 HMRC launches new online PAYE service – A step towards digital simplicity for employers.
🔹 Time to prepare for Making Tax Digital for Income Tax – Are you ready for the changes coming your way?
🔹 Side hustle warning – HMRC is keeping a close eye on additional income streams.
🔹 Crypto crackdown – Non-disclosure fines of £300 now in place.
🔹 Criminal tax offence plans raise concern – CIOT warns the government may be going too far.
🔹 Winter Fuel Payment scams – Stay alert to fraud this season.
🔹 Inheritance tax on pensions – One of the most unpopular proposed tax hikes under Labour.
🔹 Harsh personal guarantees could harm business growth, says the FSB.

💻 Read the full update on our website: https://www.phelancloudaccounting.co.uk/news/latest-news-for-business
📩 Want to get these insights sent straight to your inbox? Subscribe here:
https://www.phelancloudaccounting.co.uk/registration/register

Why not register to receive our Monthly Newswire? Simply complete the form below and we will email you a link to complete your subscription. Registration will allow you to:

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