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The Autumn 2025 Budget introduced several updates to the VAT system that will matter to many UK businesses. Some are helpful, some require attention, and all are worth understanding early. Below is a clear, client-focused overview that keeps things simple and practical. At Friendly Assist Accountancy, we combine local expertise with extensive international experience. Whether …

Read more “VAT Made Simple: How Friendly Assist Accountancy Helps You Stay Compliant and Save Time”

If you’re an investor, the tax landscape you’ve known is changing. New rules are redrawing the borders on everything from selling a business to investing in global funds. It can feel complex, but think of this as your quick guide to the new terrain—what’s shifted, and what it means for your money. Chapter 1: The …

Read more “The Investor’s New Map: Navigating the 2025 Tax Shifts”

Newcastle City Library – weekly on MondaysBook here:👉 https://www.eventbrite.co.uk/e/dont-let-tax-ruin-christmas-tax-self-assessment-expenses-workshop-tickets-1972313365369?aff=oddtdtcreator As we head into the festive season, many sole traders find themselves worrying about Self Assessment, allowable expenses, seasonal work, and unexpected tax questions at the worst possible time. This friendly, practical workshop is designed to help you get clarity, confidence and a plan — so …

Read more “Don’t Let Tax Ruin Christmas — Join Our £5 Sole Trader Tax Workshop!”

November 2025 version We work daily to keep our clients ahead of the curve on relevant regulatory changes. While there are no major tax or accounting rules kicking in today, several important changes are coming up — and your business (or your clients’) can benefit by getting ready now. What’s On the Horizon 1. Company …

Read more “Upcoming Business, Tax & Driving Rule Changes — What You Need to Know”

As charities prepare for the Charities Statement of Recommended Practice (SORP) 2026, one of the most significant accounting changes is the new treatment of leases. This update impacts all charities with lease agreements—whether for premises, vehicles, or equipment—and especially those with income under £250,000. What is Changing? From 1 January 2026, the Charities SORP requires …

Read more “Unlock Affordable Lease Accounting Support for Small Charities Before SORP 2026 Hits”

As a roofer in the North East, you know what it takes to build a structure that lasts. You pay attention to the foundations, the rafters, and the final weatherproof finish. But how much attention are you paying to the financial foundations of your business itself? Many hardworking roofers in Newcastle, Sunderland, and across Durham …

Read more “Is Your Roofing Business Built on Solid Financial Foundations?”

If you run a business or work as a sole trader, you’re already familiar with payroll, tax, and compliance. But did you know that household benefits and tax-free schemes available to your employees or even to you can also impact your financial planning, payroll, and the advice you provide? If we talk about benefit it …

Read more “Maximise Income and be in the Know about Benefits”

Why Qualified Accountants Matter More Than Ever Across the UK, small businesses and individuals are being targeted by unregulated tax advisers promising quick refunds or cheap returns. While the offer sounds appealing, many clients are later discovering missing refunds, unexpected HMRC penalties, or even fraud. Recent warnings from the Institute of Chartered Accountants in England …

Read more “Why Choosing a Qualified Accountant Matters: AAT, ACCA and ICAEW Warn Against Unregulated Tax Advisers”

In business, every set of accounts tells a story.Sometimes it’s one of steady growth and smart planning. Other times, it’s a warning about challenges just around the corner. Recently, a well-known Newcastle city-centre venue, The Earl of Pitt Street, closed its doors after more than ten years of trading. For many locals it was more …

Read more “When Growth Plans Fall Through: What Newcastle’s Earl of Pitt Street Can Teach Every Small Business About Financial Planning”

Running a café or restaurant in Newcastle has never been more rewarding — or more challenging.From the Quayside to Jesmond, local venues face tighter margins, higher energy bills, and shifting tax rules. Yet the city’s food scene keeps evolving, full of creativity and ambition. At Friendly Assist Accountancy, we work with independent hospitality owners across …

Read more “The Real Cost of Running a Restaurant in Newcastle — and How to Stay Ahead”