New HMRC Fuel Rates

New HMRC Fuel Rates

From 1st June 2025, HMRC is updating its Advisory Fuel Rates (AFRs) – the official rates businesses can use to reimburse staff for business journeys in company cars or for employees to repay private mileage costs. These changes might seem small, but they can have a...
Spring Statement 2025

Spring Statement 2025

What It Means for You and Your Business On 26 March 2025, Chancellor Rachel Reeves delivered the UK’s Spring Statement, outlining economic plans to tackle slower growth and rising costs. While big tax changes are expected in the Autumn Budget, several key...
Tax Rules for Your Side Hustles

Tax Rules for Your Side Hustles

Engaging in side hustles has become an increasingly popular way to supplement income and pursue passions. However, it’s essential to understand the tax obligations associated with various types of side activities. Here’s a breakdown of five common side hustles...
Don’t Miss the Self-Assessment Tax Return Deadline

Don’t Miss the Self-Assessment Tax Return Deadline

The 31st January deadline for self-assessment tax returns is fast approaching, and it’s crucial to file on time to avoid penalties. At GnC Accounting, we’re here to make the process simple, accurate, and stress-free. Why is the 31st January Deadline Important? If you...