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accountants & business advisers

Insights

The TCJA is Dead, Long Live the TCJA

The One Big Beautiful Bill (OB3) has arrived. From a tax standpoint, it seems that OB3 was inevitable: when the Tax Cuts and Job Act (TCJA) became effective 1st January 2018, most of the tax provisions were set to expire on 31st December 2025. As we get close to this date, how do we know whether any of the provisions would stick around? OB3 has provided answers to that and more.

September 24, 2025

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Changes to revenue recognition

The Financial Reporting Council (FRC) has updated FRS 102 to align more closely with IFRS 15 principles for revenue recognition. Vinay Bahl , Associate Director Audit, explains these changes which will take effect from 1 January 2026.

September 18, 2025

Planning in uncertain times

In periods of political and economic upheaval, when tax rules may shift swiftly and market conditions can change in the blink of an eye, the value of meticulous record keeping and steadfast organisation cannot be overstated. Good record keeping does much more than simply tick a compliance box—it provides a foundation of certainty amid turbulence. […]

September 3, 2025

Reimagining payroll in accountancy – a growth lever, not a loss leader

To mark National Payroll Week, Head of Payroll Christina Holloway shares her perspective on why payroll is the heartbeat of any-people powered organisation.

September 3, 2025

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

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

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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