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Welcome to the
George Hay February Highlight

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With the start of a new tax year just around the corner, we encourage you to take some time to review your tax strategies, budgets and goals for the months ahead, and to identify any planning opportunities available to you in both the short and long-term.

Beyond tax planning, it is also a good time to consider any important legislative changes that are coming – for example, the increase to the National Living Wage, or the changes to HMRC’s data collection on self-assessment tax returns for 2025/26 –, and to begin to think about how you will prepare for these.

If you would like to discuss your business or personal tax affairs, or your wider growth objectives for the year ahead, please get in touch with one of our team, or your usual adviser.

In this month’s technical round-up, we cover the important changes to HMRC data collection and the VAT registration threshold; we explain more about the public service pensions remedy, and we get our cloud accounting experts view on using Dext accounting software for your business. We also bring you important updates from GH Probate, GH Wills, and
GH Payscheme.

To speak to us about anything we’ve covered below, to share your concerns about challenges that lay ahead, or to explore how you could extend the scope of the support we currently offer you, Please contact us

 
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Technical News

Where There is a Will There is a Way – Should I include my pension fund in my Will?

Where There is a Will There is a Way – Should I include my pension fund in my Will?

One question we are often asked is whether there is a need to include, in your Will, details of who…


 
HMRC’s shake-up: New rules for 2025 and beyond

HMRC’s shake-up: New rules for 2025 and beyond

As the 2025/26 tax year approaches, there are a couple of significant changes to HM Revenue & Customs’ (HMRC’s) rules that will impact your business…

 
How to capitalise on the Government’s AI push

How to capitalise on the Government’s AI push

In January, the Government disclosed its Artificial Intelligence (AI) Opportunities Plan, which outlines how the UK…


 
Budgeting for the unknown – Contingency strategies and tips for businesses

Budgeting for the unknown – Contingency strategies and tips for businesses

As a business owner, you may think you are well prepared for whatever…


 
Tales from the Probate Box – Choosing the right probate practitioners for your estate

Tales from the Probate Box – Choosing the right probate practitioners for your estate

We have recently had discussions with somebody looking to instruct a probate practitioner, to act for a significant…


 
Public service pensions remedy: How is my tax position affected?

Public service pensions remedy: How is my tax position affected?

In 2015, the Government reformed public service (NHS, Armed Forces, Teachers and Civil servants, for example…

 
Dext accounting software: Streamline bookkeeping for better insights

Dext accounting software: Streamline bookkeeping for better insights

Cloud accounting solutions are transforming the way businesses…


 
Will a minimum wage rise trigger unexpected student loan repayments?

Will a minimum wage rise trigger unexpected student loan repayments?

From 1 April 2025, the National Minimum Wage (NMW) will increase by…


 
 

GH Insights

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Success for payroll specialists at GH Payscheme with Bacs inspection pass

Success for payroll specialists at GH Payscheme with Bacs inspection pass

As a Bacs approved payroll bureau, we are required to undergo a thorough…

 
Shining a light on farming and agriculture: East of England Agricultural Society’s 2025 Bedfordshire Dinner

Shining a light on farming and agriculture: East of England Agricultural Society’s 2025 Bedfordshire Dinner

Having worked alongside many…


 
‘Eyes down’ for Bingo social

‘Eyes down’ for Bingo social

Numbers by day and by night, earlier this month some of the team got together for an evening of Bingo – all in aid of the St Neots Mayor’s chosen charities…

 
Cloud Accounting Tips & Tricks Hub

Cloud Accounting Tips & Tricks Hub

In recent months, we’ve been imparting tips and tricks to help you get the most out of cloud accounting software…


 
Cloud Accounting Tips and Tricks: Capturing Invoices and Receipts through Dext

Cloud Accounting Tips and Tricks: Capturing Invoices and Receipts through Dext

Keeping track of invoices and receipts can be one of the most…

Key Dates

February 2025

  • 28 February 2025 - Deadline for filing of accounts with Companies House for accounting periods ended 31 May 2024.
  • 28 February 2025 - Corporation Tax returns due for accounting periods ended 28 February 2024.

March 2025

  • 1 March 2025 - New Advisory Fuel Rates (AFR) applies for company car users.
  • 7 March 2025 – VAT returns and payments due for Accounting Quarter period ending 31 January.

Click here for more key dates...

Download our 2024 Autumn Budget Summary?

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Biggleswade
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Huntingdon
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Letchworth
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George Hay is the trading style of George Hay Partnership LLP

Registered in England and Wales number OC373025. A full list of members can be viewed at our registered office: Registered Office: Brigham House, High Street, Biggleswade, Bedfordshire, SG18 0LD

Registered to carry on audit work in the UK, regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales

GH Payscheme is a trading name of GH Online Accounting Limited. GH Online Accounting Limited is registered in England No 3829902. Registered Office: Brigham House, High Street, Biggleswade, Bedfordshire, SG18 0LD GH Online Accounting Limited a subsidiary of George Hay Partnership LLP

GH Probate is the trading style of GH Probate Limited. Registered in England and Wales number 9630102. Registered Office: St George’s House, George Street, Huntingdon, Cambridgeshire, PE29 3GH

Authorised to carry out the reserved legal activity of non-contentious probate in England and Wales by the Institute of Chartered Accountants in England and Wales

GH Wills is the trading style of GH Wills Limited. Registered in England and Wales. Company Number: 15577357. Registered office: St. George’s House, George Street, Huntingdon, Cambridgeshire, PE29 3GH.

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