News & Insights

Upcoming changes to the Inheritance Tax (IHT) rules that will see the introduction of the cap on Agricultural Property Relief (APR) and Business Property Relief (BPR) will make accurate valuations more vital than ever in the probate process. The increasing importance of valuations was underlined by Professor Lesley King at Mercia’s Probate Practitioners Conference.

During Mercia’s recent Farming Conference, speakers highlighted key changes to Inheritance Tax (IHT) as being ‘significant in terms of the impact not just on the agricultural sector but in terms of the business sector generally’. In this blog we take a look at what was outlined in the conference.

The concept of an ‘expectation gap’ will be familiar to many in external audit. There can sometimes be a significant disconnect between the work we do and the understanding of it our stakeholders have. This is most prominent in cases of fraud or business failures, where users of financial statements can have higher expectations of what is possible than the reality.

September was a significant month for us at Mercia as our new website launched, with an enhanced Learning Hub at its heart.

As the school year begins and learning takes centre stage once again, there's no better moment for us to launch our brand-new interactive UK GAAP Library designed to support and inspire continuous growth and development.

We’re delighted to announce that Mercia has been named ESG/Sustainability Initiative of the Year (Vendor) at the International Accounting Awards 2025, in recognition of our Sustainability Assurance Manual (International).