The latest news and updates from Caldwell Penn

Can you employ family members to save tax?

Published Thursday, 20th February 2025

Yes - if done correctly and within HMRC rules. Employing a spouse can be particularly tax-efficient, but the salary must be “wholly and exclusively” for business purposes and structured correctly to avoid falling foul of HMRC’s settlement rules.

Do I need an audit? Should I have an audit? A simple guide for UK business owners

Published Thursday, 13th February 2025

Determining whether your UK business requires an audit is crucial for compliance and strategic planning. This guide will help you understand the criteria and benefits associated with audits.

Child benefit update: Higher income thresholds mean more families keep their payments

Published Thursday, 6th February 2025

Today’s update is about changes to the High Income Child Benefit Charge (HICBC)—a big shift that could mean more money in your pocket. Read on to see if you’re affected and what action you might need to take.

Caldwell Penn appoints Lawrence Evans as Partner and Managing Director

Published Wednesday, 29th January 2025

We are delighted to announce that Lawrence Evans has been appointed Partner and Managing Director at Caldwell Penn, effective January 2025.

Important Companies House Updates

Published Tuesday, 5th March 2024

From this week, Companies House will enact its new powers under the Economic Crime and Corporate Transparency Act to play a more significant role in tackling economic crime and supporting economic growth.

Autumn Budget - October 2021

Published Thursday, 28th October 2021

The chancellor of the exchequer, Rishi Sunak, delivered his Autumn 2021 budget yesterday afternoon. We have summarised the key announcements.

Understanding Director's Loan Accounts are and how they work

Published Wednesday, 29th September 2021

Director's loans and the tax implications associated can be complex. Understanding how a Director's Loan Account works and what you need to do to prevent a potential unexpected tax bill is vital.

How much does a company audit cost in the UK?

Published Thursday, 19th August 2021

Audit is highly-regulated and requires strict processes to be followed and detailed documentation to be completed, which means it is a time-consuming and highly-skilled undertaking. Thus, it needs to be compensated as such. If a firm is deliberately lowballing you to get your business, it may, unfortunately, affect the quality

Why Xero is the perfect choice for your businesses’ bookkeeping needs

Published Tuesday, 20th July 2021

Each and every business, large and small, contributes to the evolving global economy. Xero wants millions of small businesses to thrive through better tools, information and connections. It’s the perfect offering for companies looking to upscale.

A Step-By-Step Guide To Understanding The Company Audit Process

Published Monday, 28th June 2021

Many companies in the UK are overwhelmed by the thought of an audit — mainly because they don’t know what the process entails. However, Accounting and Auditing is a £5.6 billion industry in the UK as of 2021, and there’s a good reason why.

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