How to stay ahead of HMRC interest rate changes and avoid late payments

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How to stay ahead of HMRC interest rate changes and avoid late payments

Nov 18, 2024

The Bank of England’s decision to reduce the base rate to 4.75 per cent has triggered changes to HM Revenue & Customs’ (HMRC’s) interest rates, with late payment and repayment rates due to adjust on 18 and 26 November 2024. For ...

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A landlord’s guide to HMRC’s Let Property Campaign

Nov 14, 2024

The Let Property Campaign is an initiative designed by HM Revenue & Customs (HMRC) designed for landlords who may have undeclared income from letting out residential property, whether in the UK or abroad. This campaign offers a chance to disclose unpaid ...

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Simple ways to invest in your team this Career Development Month

Nov 11, 2024

This month is Career Development Month, a perfect opportunity to focus on upskilling your team. The good news? Building your team’s skills does not need a big budget. Many of the best ways to support career growth are affordable, effective, and ...

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Double cab pickups to be taxed as company cars as Government confirms U-turn

Nov 07, 2024

In a detail that may have been missed underneath the headlines, the recent Budget introduced a change for businesses that use double cab pickups as part of their fleet. From April 2025, double cab pickups with a payload of one tonne ...

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What the Autumn Budget 2024 means for SME owners

Nov 05, 2024

From higher employer National Insurance (NI) contributions to increases in Capital Gains Tax (CGT) rates, the changes announced in last week’s Budget have obvious implications for owners of small and medium-sized enterprises (SMEs). These changes call for a careful financial strategy ...

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Autumn Budget 2024

Oct 30, 2024

A new Government, a new Chancellor and a new approach to the UK’s fiscal policies. Rachel Reeves entered her first Budget with a strong message that her measures would lead to “an economy that is growing, creating wealth and opportunity for ...

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Why regular financial forecasting is so important

Oct 29, 2024

If you want to secure the long-term success of your business, we highly recommend doing some financial forecasting. Whether you are managing growth, anticipating seasonal fluctuations, or preparing for new opportunities, regular financial forecasting allows you to stay on top of ...

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How to expand your business without financial strain

Oct 28, 2024

Expanding a business is something many entrepreneurs dream of, but it is much easier said than done. Scaling up requires careful financial planning to avoid placing unnecessary strain on your business, as without a strategic approach, growth can lead to cash ...

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MTD for ITSA – When will you have to report and what you need to know

Oct 23, 2024

You may already be familiar with Making Tax Digital (MTD), but the extension to Income Tax Self Assessment (ITSA) is something many self-employed individuals and landlords need to start preparing for. What is MTD for ITSA? MTD for ITSA is the Government’s ...

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What impact will the Budget have on inflation?

Oct 21, 2024

As we approach the Budget, due to be announced on 30 October, one of the key concerns is the potential impact on inflation. With recent data showing a sharp drop in the UK’s inflation rate, Chancellor Rachel Reeves faces a challenging ...

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