shaw gibbs - accountants and business advisers
accountants & business advisers

Insights

Are you leaving money on the table? How to correctly record business expenses

With rising costs, accurate expenses classification is essential to stay compliant and maximise tax efficiency. Misclassifying expenses – such as travel and subsistence – can lead to scrutiny, fines and missed opportunities.

August 19, 2025

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Case study: Directors loan account

Quite often, business owners, when building their company and even beyond, treat the company as an extension of their personal finances. However, there can be some significant tax repercussions, for both the company and the individual when they are not treated as separate entities– although not all are bad!

August 15, 2025

Gift out of income

Inheritance tax (IHT) receipts in April 2025 were over £800 million, which is a 14% increase on the same month in 2024.  The Office for Budget Responsibility forecasts that IHT receipts will continue to increase in the current 2025/26 tax year.  With the IHT exemption for pensions being removed from April 2027, it seems that the trend of increased IHT receipts is set to continue. 

August 11, 2025

Why company size matters in UK Tax

In the UK, a company’s size is far more than an accounting label—it’s a key determinant of how that business is taxed, regulated, and even perceived. From qualifying thresholds for tax reliefs to compliance obligations and transfer pricing rules, the tax landscape is shaped by a company’s (or the group of which it is part’s) scale in both subtle and significant ways.

August 7, 2025

Business exit strategies: how to plan a successful transition

From passing the reins to family to selling to a third party or employees, planning ahead is key to protecting your legacy, your team, and your financial future. Our Corporate Finance Manager, Simon Alderwick, takes you through what you need to know…

August 6, 2025

From farmland to future value: What landowners need to know before developing agricultural land

In recent years, increasing numbers of UK landowners have explored the development potential of their agricultural land. Whether it’s residential development or renewable energy projects, the financial opportunities can be significant. However, without the right legal, tax, and strategic planning, these opportunities can quickly become costly and complex.

July 16, 2025

Making Tax Digital for Income Tax – what you need to know now

This article takes you through where MTD has come from, where it is going, and what these changes may mean for you – particularly if you’ve never had to think about digital records or quarterly updates before.  

June 30, 2025

Shaw Gibbs announces promotion for Vinay Bahl

Shaw Gibbs is proud to announce the promotion of Vinay Bahl to the position of Associate Director, Audit.

June 23, 2025

Important Update: New Identity Verification Rules from Companies House

As the UK sharpens its focus on corporate transparency, Companies House is introducing mandatory identity verification for directors, persons with significant control (PSCs), and company filers. These changes are part of the Economic Crime and Corporate Transparency Act 2023, which mark a pivotal shift in how businesses demonstrate accountability and integrity.

June 13, 2025

Failure to prevent fraud offence for charities

Starting from 1 September 2025, a new Failure to Prevent Fraud Offence will be enforced for large, incorporated charities that meet at least two of the following criteria: More than 250 employees £36 million in income £18 million in total assets. The offence forms part of the Economic Crime and Corporate Transparency Act 2023. Charities […]

June 3, 2025

What our clients say

  • I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    I have been a client of Shaw Gibbs since the 1960's and have always found a professional but friendly response from the partners or staff

    Richard Preston

  • Thank you for being such a great partner in building our business!

    Thank you for being such a great partner in building our business!

    Oege de Moor - CEO, Semmle

  • Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Experience, expertise and support was not only invaluable from a financing perspective, but also in assisting us to determine the future strategy.

    Charles Parry – John Parry Estates Ltd

  • Shaw Gibbs’ service provides timely expertise at a reasonable cost

    Shaw Gibbs’ service provides timely expertise at a reasonable cost

    OATS Limited
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