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SRC Advisory Ltd

Professional Chartered Accountants & Tax experts, Audit, Accounts, Corporate Finance, Tax planning,

23/10/2026

Are you unsure about whether you need to pay UK tax on your foreign income? Many assume that if they earn abroad, they’re exempt. However, if you’re a UK resident, your foreign income typically falls under UK tax rules.

Not addressing your tax obligations can lead to unexpected bills and penalties later on. It’s crucial to understand your residence status and report your foreign income correctly.

At SRC Advisory, we can help you with:

- Determining your residence status for tax purposes
- Navigating the complexities of foreign income reporting
- Claiming any available tax relief for foreign taxes paid

Don’t leave your tax situation to chance. Get in touch with us today for expert advice on managing your foreign income!

👉🏻 Find out more at: https://www.srcadvisory.com/.

21/10/2026

Many private clients think managing their finances is simple and can be left to chance. This misconception can lead to unexpected challenges.

Effective accounting for individuals involves more than just tracking income and expenses. It ensures that tax obligations are met and financial goals are achieved.

Neglecting personal accounting can result in tax penalties, missed investment opportunities, and poor financial planning.

At SRC Advisory, we provide tailored accounting solutions for private clients, helping you navigate your financial landscape confidently.

Ready to take charge of your finances? Reach out to us today!

👉🏻 Visit https://www.srcadvisory.com/ for more information.

19/10/2026

This week at SRC Advisory 💡
Small businesses can now access the British Industrial Competitiveness Scheme (BICS), launched on 1 October, to reduce electricity costs by up to 25%. Over 10,000 UK firms may qualify, mainly in foundational industries. Eligible businesses can receive an additional lump-sum payment. To qualify, companies must meet four criteria, including sector eligibility. Applications close on 30 November 2026. For more details and to apply, visit [gov.uk](https://apply-for-bics.service.gov.uk/). 💡 How do you think this scheme will impact your business? Leave a comment below!
Read more here: https://www.srcadvisory.com/news/small-manufacturers-can-apply-for-electricity-cost-relief

14/10/2026

Many in the sports sector believe that accounting is just about tracking player salaries and expenses. This misconception can lead to serious financial mismanagement.

In reality, effective accounting encompasses budgeting, forecasting, and compliance with financial regulations. It’s crucial for making informed decisions and maximising revenue.

Ignoring proper accounting practices can result in cash flow issues, missed sponsorship opportunities, and potential legal complications.

At SRC Advisory, we specialise in sports accounting, providing tailored solutions to keep your finances on track.

Ready to optimise your sports organisation's financial health? Get in touch with us today!

👉🏻 Visit https://www.srcadvisory.com/ for more information.

12/10/2026

This week at SRC Advisory 💡
A new government consultation proposes reforms to corporate reporting standards aimed at boosting long-term economic growth. Key changes include extending audit exemptions for medium-sized firms, simplifying reporting for SMEs, and introducing a solvency-based profits regime. The initiative emphasizes clarity, flexibility, and future-readiness but raises concerns about increased self-regulation risks. The consultation invites feedback until 30 November 2026. What do you think about these proposed changes? Leave a comment below! 📊
Read more here: https://www.srcadvisory.com/news/consultation-on-modernising-corporate-reporting

09/10/2026

Are you unsure if your estate will be subject to Inheritance Tax? Many people believe they won’t have to pay this tax, especially if their estate is under £325,000. However, it’s important to note that various factors, like gifts made in the last 7 years, can change this.

Failure to understand your tax obligations can lead to unexpected bills for your beneficiaries, who might face penalties if they don't comply with reporting requirements.

At SRC Advisory, we can assist you with:

- Assessing your estate's value and potential tax liabilities
- Explaining reliefs and exemptions that might apply
- Guiding you on gifting strategies to reduce tax impact

Don’t leave it to chance. Reach out today for tailored support on Inheritance Tax planning!

👉🏻 Find out more at: https://www.srcadvisory.com/.

07/10/2026

Many charities think that accounting is secondary to their mission, believing they can focus entirely on fundraising and community work. This misconception can lead to serious pitfalls.

Effective accounting is vital for charities. It helps track donations, manage expenses, and ensures compliance with regulatory requirements.

Neglecting financial management can result in funding misallocation, loss of donor trust, and even legal issues that threaten your organisation’s future.

At SRC Advisory, we provide expert accounting support for charities, helping you maintain transparency and financial health.

Want to strengthen your charity's financial foundation? Get in touch with us today!

👉🏻 Visit https://www.srcadvisory.com/ for more information.

05/10/2026

This week at SRC Advisory 💡
Britain faces a workforce crisis with over 20% of working-age adults out due to health issues. Reports highlight a staggering 300,000 workers leave annually due to illness, with only a 3.8% chance of returning within a year. Long-term absences severely affect operations, particularly for SMEs, costing them significantly. Sir Charlie Mayfield urges better communication and early intervention. With rising mental health issues among the young, how can employers effectively support their staff? 💼 Share your thoughts below!
Read more here: https://www.srcadvisory.com/news/britain-s-insidious-long-term-workers-absence

02/10/2026

Are you aware of the deadlines for paying Inheritance Tax? Many people mistakenly think they can take their time, but this tax must be paid by the end of the sixth month after a person's death. For example, if someone passed away in January, the payment is due by 31 July.

Ignoring this deadline can result in interest charges from HMRC, which can add up quickly. Additionally, you typically need to pay Inheritance Tax before obtaining probate, which allows you to manage the deceased's estate.

At SRC Advisory, we can help you navigate Inheritance Tax:

- Determine the amount you owe
- Assist with payment options and deadlines
- Guide you through the probate process

Don’t wait until it’s too late. Contact us today for expert support!

👉🏻 Find out more at: https://www.srcadvisory.com/.

30/09/2026

Many businesses believe that corporate finance is just about balancing books and reporting numbers. This misconception can lead to missed opportunities for growth.

Corporate finance is crucial for managing a company's capital structure, investments, and financial health. It involves strategic decision-making that impacts your bottom line.

Ignoring these principles can result in poor investment choices, cash flow issues, and even jeopardised business stability.

At SRC Advisory, we specialise in corporate finance, offering tailored support to help you make informed financial decisions.

Ready to elevate your business finance strategy? Contact us today to get started!

👉🏻 Visit https://www.srcadvisory.com/ for more information.

Address

Stanford Gate, South Road
Brighton And Hove
BN16SB

Opening Hours

Monday	9am - 5:30pm
Tuesday	9am - 5:30pm
Wednesday	9am - 5:30pm
Thursday	9am - 5:30pm
Friday	9am - 5:30pm

Website

http://srcadvisory.com/

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