- October 2024 Monthly Newswire, October edition
Being an effective leader involves recognising it’s impossible to be right all the time. Constructive conflict should be embraced in business. In fact, sometimes “no” is ultimately more useful than ‘yes”. The best managers and leaders in the business world, seek and accept critical feedback from trusted colleagues...
- October 2024 October edition of Tax E-News
Many commentators are suggesting that the rate of CGT might be aligned with the rates of income tax, a return to the regime that applied when Gordon Brown was chancellor. Rachel Reeves is known to be a disciple of Gordon, so maybe we will see a return to taper relief as well! One would hope that Business...
- 30 September 2024 Business News England, September edition
Late payments are a huge headache for small businesses across the UK, costing SMEs around £22,000 per year on average. In fact, it’s estimated that they’re responsible for about 50,000 business closures each year! The government has just announced new measures to...
- 23 September 2024 Business News England, September edition
Amazon has announced the end of its hybrid work policy, with corporate staff expected to be back in the office five days a week starting in January. Previously, staff had the flexibility to work from home two days a week. The decision has apparently been made to...
- 16 September 2024 Business News England, September edition
Figures released by the Office of National Statistics last week show that the UK economy showed no growth in July 2024. This is the second month in a row as there was also no growth in June. However, looking at the three months ending in July, Gross Domestic...
- 2 September 2024 Business News England, September edition
The business environment is constantly changing and the ability to adapt to change is crucial for long-term success. Whether it’s shifting market conditions, technological advancements, or regulatory updates, if your business can pivot and adapt you are more likely to thrive...
- September 2024 Monthly Newswire, September edition
What can your business do to help create a more sustainable future? Sustainability remains a key area of focus for businesses and governments around the world. However, driving a more sustainable approach to business is not just something that large corporations do. Small to medium-sized businesses...
- September 2024 September edition of Tax E-News
Many wealthy individuals are apparently passing on substantial amounts of their wealth in anticipation of possible changes to inheritance tax (IHT) in Labour’s first Budget on 30 October. This allegedly includes a number of high-profile individuals such as TV presenter Anne Robinson who confirmed that...
- 27 August 2024 Business News England, August edition
The economy is continuing to grow, according to the latest figures for the April to June quarter. Gross Domestic Product (GDP) is estimated to have increased by 0.6% for the quarter. This compares with an increase of 0.7% for the January to March quarter...
- 19 August 2024 Business News England, August edition
A small business from Barnsley, Slime Party UK, has successfully secured government-backed financing, enabling it to significantly expand its operations, create new jobs, and develop new product lines. This success story provides a valuable blueprint for other small businesses seeking to grow...
- 05 August 2024 Business News England, August edition
The Chancellor of the Exchequer, Rachel Reeves, addressed the House of Commons last week to detail the results of a Treasury spending audit. She has alluded to this in previous comments when referring to making assessments of the public spending inheritance...
- 22 July 2024 Business News England, July edition
Last week King Charles delivered the King’s Speech. This is a speech traditionally delivered at the State Opening of Parliament and it sets out the government’s plans and priorities for the coming year. The Speech outlines the legislation that ministers of the new government aim to pass and while it’s delivered by the King, it’s actually drafted by...
- 15 July 2024 Business News England, July edition
The new Chancellor of the Exchequer, Rachel Reeves, delivered her first speech as Chancellor last week outlining her plans for revitalising the UK economy. While her speech was inevitably political and included criticism for the previous government while emphasising her own role, there were also some key takeaways for her plans...
- 8 July 2024 Business News England, July edition
So, the election results are in and the Labour party won the country’s mandate to form a new parliament. What could that mean for the tax you pay? Will there be an emergency budget? Labour will likely set out their initial plans in an ‘emergency’ budget. This is unlikely to happen...
- 1 July 2024 Business News England, July edition
The deadline – 6 July – for reporting expenses and benefits to HM Revenue & Customs (HMRC) is rapidly approaching. It's important for all employers to understand their responsibilities regarding this crucial tax form. Whether you're...
- July 2024 Monthly Newswire, July edition
How do you help an under-performing employee to turn things around? Under-performance is frustrating for colleagues, causes projects to drag on and can have a negative ripple effect across a team. Every business is bound to...
- July 2024 July edition of Tax E-News
Both the Conservative and Labour parties have pledged not to increase income tax, national insurance or VAT, although the Labour party have pledged to introduce VAT on private school fees. Both parties are also committed to clamping down on tax avoidance and evasion....
- 24 June 2024 Business News England, June edition
As a business owner, you’ll likely be wondering how the upcoming general election on 4 July 2024 is likely to affect your business. A new government can mean significant legislative changes and tax upheavals that can impact your business operations and financial planning...
- June 2024 Monthly Newswire, June edition
The 9 box grid segments employees into 9 groups based on two dimensions – performance and potential. The purpose of the matrix is to align talent management and development initiatives to where they add the most value. When making talent management....
- 10 June 2024 Business News England, June edition
The news is currently full of reports on the general election, so much so that you may be inclined to switch off rather than hear any more about it! Of course, we have no wish to take sides or promote the views of one party over another. However, regardless of what happens...
- 03 June 2024 Business News England, June edition
Picture this: your business is booming, and it’s time to invest in some new equipment or a company vehicle. But with so many financing options out there, how do you decide which one of them is right for you? Let’s break down three popular choices – leasing, contract...
- June 2024 June edition of Tax E-News
P11d forms for reporting expenses and benefits in kind provided to employees and directors in 2023/24 need to be submitted by 6 July 2024. Note that paper forms are no longer acceptable; the return must be made online using PAYE Online for employers or commercial...
- 28 May 2024 Business News England, May edition
For businesses that run as a partnership, there often comes a time where you need to consider admitting a new partner into the partnership. Perhaps it’s a case of looking for someone who will pave the way for an existing partner to retire, maybe it’s a family business and there...
- May 2024 May edition of Tax E-News
Although making tax digital income tax self assessment (MTD ITSA) is not mandatory until 6 April 2026 at the earliest, it is possible for certain individuals to join the HMRC pilot testing. HMRC have relaunched beta testing of MTD ITSA on 22 April 2024. Just five software products...
- 20 May 2024 Business News England, May edition
Data releases in recent weeks from the Office of National Statistics (ONS) coupled with Bank of England decisions might make recent news about the economy seem a bit confusing. Understanding how this news affects businesses is important so let’s break it down...
- May 2024 Monthly Newswire, May edition
Most businesses have exposure to cyber risk. Almost every modern business relies on computer networks for day-to-day operations, and this means that most firms are exposed to cyber risk. A cyber-attack is any attempt to steal data, damage or disrupt a computer system...
- 13 May 2024 Business News England, May edition
Over the last two years, the tax-free allowance for capital gains tax has been cut by over three-quarters. For the tax year that recently began on 6 April 2024, the Annual Exempt Amount has been reduced to £3,000 (£1,500 for trustees)...
- 29 April 2024 Business News England, April edition
Recent surveys of UK business owners show us to be under pressure. This is no surprise. As a business owner, you’re constantly juggling multiple responsibilities and facing a myriad of challenges. While there are countless strategies for success, it’s equally important to be...
- 22 April 2024 Business News England, April edition
The government recently published a press release congratulating its procurement department on its 10th anniversary for saving taxpayers £3.8 billion last year. Larger corporations often have dedicated purchasing departments to handle procuring supplies....
- 15 April 2024 Business News England, April edition
As accountants, we understand the importance of leveraging technology to drive efficiency and innovation in business operations. In this article we will introduce you to the concept of generative artificial intelligence (AI) and the transformative power it could have for your business...
- April 2024 April edition of Tax E-News
In this April issue we highlight some of the key tax changes that take effect from the start of the new tax year. Unfortunately, most of the income tax and national insurance thresholds continue to be frozen, resulting in an increasing number of higher rate taxpayers...
- 08 April 2024 Business News England, April edition
When there are several shareholders, a new company is being formed, a shareholder wants to pass their shares or pass them to their children, someone is nearing retirement, or the company has borrowed money from a shareholder, issues can easily arise that jeopardise...
- April 2024 Monthly Newswire, April edition
None of us is as smart as all of us. Way back in the 1920s the Hawthorne Studies, conducted by Elton Mayo, highlighted the importance of groups in affecting the behaviour of individuals at work. Fast forward to today and workplace design has evolved from solo workspaces ...
- 25 March 2024 Business News England, March edition
When there are several shareholders, a new company is being formed, a shareholder wants to pass their shares or pass them to their children, someone is nearing retirement, or the company has borrowed money from a shareholder, issues can easily arise that jeopardise...
- 18 March 2024 Business News England, March edition
In times of economic uncertainty or because of operational challenges, you may find your business is facing tough decisions, including the possibility of redundancies. While such situations can be daunting and emotionally challenging, careful consideration and...
- March 2024 Monthly Newswire, March edition
Modern businesses are expected to be diverse and inclusive, and managers must lead the way on this. Inclusive leadership is the combination of working inclusively towards a common coal, making decisions collaboratively, and ensuring that both managers and those being managed understand the wider...
- 11 March 2024 Business News England, March edition
Jeremy Hunt, Chancellor of the Exchequer, delivered his Spring Budget 2024 speech on 6 March 2024. This potentially is the last budget before the next general election, which will need to be held before 28 January 2025. The Budget was designed to emphasise the government’s...
- March 2024 Budget 2024 edition of Tax E-News
On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain entering a recession and...
- 26 February 2024 Business News England, February edition
When starting a business, or indeed as an established business, choosing the most suitable legal structure for your business is an important thing to consider. Two popular options are operating as a sole trader or forming a limited company...
- February 2024 Monthly Newswire, February edition
A multifaceted approach is needed in order to close the gender pay gap. The gender pay gap has been declining slowly over time and in the last decade it has fallen considerably. However, there is more work to be done, to ensure that employees are paid equally for doing the same work, regardless of their...
- 19 February 2024 Business News England, February edition
The Office of National Statistics released official figures last week showing the UK is now officially in recession. Gross domestic product (GDP) for the October to December 2023 quarter dropped by 0.3%. This followed a fall in the July to September...
- February 2024 February edition of Tax E-News
It’s not too late to undertake some end of year tax planning. If you have some spare cash, an obvious tax planning point would be to maximise your ISA allowances for the 2023/24 tax year (currently £20,000 each). You might also want to consider increasing your pension savings before 5 April 2024...
- 05 February 2024 Business News England, February edition
Begbies Traynor, a firm of business rescue and recovery specialists, have published their latest Red Flag Alert based on financial data from the last quarter of 2023. It makes worrying reading as they estimate that more than 47,000 businesses in the UK are near collapse because of being in ...
- January-2024 Monthly Newswire, January edition
Curiosity is the engine that drives innovation. Businesses that foster a culture of curiosity empower their teams to question, explore, and seek novel solutions, thereby creating an environment conducive to adaptability and creativity. Curiosity...
- January 2024 January edition of Tax E-News
At this time of year, we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA allowances for the 2023/24 tax year (currently £20,000 each)...
- 29 January2024 Business News England, January edition
According to consultancy Cornwall Insight, domestic energy prices are predicted to drop in April with analysts predicting that there could be a further fall in the summer. This is good news all round, as energy prices have been a significant factor in...
- 22 January 2024 Business News England, January edition
In the dynamic world of managing a business, one of the most critical elements to success is effective cash flow management. Cash flow forecasting is a fundamental tool for business owners to navigate financial challenges and ensure sustained growth...
- 15 January 2024 Business News England, January edition
With all the changeable weather we have been having recently we hope you have been able to stay dry and warm! Change is not only confined to the weather, but it is also an inevitable facet of the business landscape. Whether prompted by technological advancements...
- 8 January 2024 Business News England, January edition
Looking back at 2023, we have been amazed at the resilient way our clients have handled the uncertain economy. You have demonstrated to us how we can all be flexible and readily adapt to a change in circumstances! We hope that by this time next year we all will be looking back...
- December 2023 Monthly Newswire, December edition
IT infrastructure that sits in the cloud. Infrastructure as a Service (IaaS) provides virtual computing resources over the internet, giving businesses essential elements of their IT systems without needing physical hardware. At its core, IaaS is flexible and scalable...
- 4 December 2023 Business News England, December Edition
The Economic Crime and Corporate Transparency Act received royal assent on 26 October 2023 and will introduce a number of changes over the next few years. The act gives Companies House the power to play a more significant role in tackling economic crime and supporting economic growth ...
- December 2023
December edition of Tax E-News
On 22 November 2023, Chancellor Jeremy Hunt presented his Autumn Statement to Parliament and started making, in his words, the long-term decisions necessary to strengthen the economy and build a brighter future. Fueled by falling inflation and stabilised public finances...
- 27 November 2023Business News England, November Edition
Chancellor Jeremy Hunt last week unveiled the government’s tax and spending plans in the Autumn Statement. He started his speech by saying that there were 110 measures to “Help grow the British economy”...
- October 2023 Monthly Newswire, October edition
As winter approaches, businesses face the annual challenge of managing sickness absence effectively. Many businesses are encouraging their employees to return to the office after years of remote working. ...
- October 2023October edition of Tax E-News
In order that we can help predict your taxable profits and tax liabilities we need up to date profit figures and projections. One of the advantages of keeping your business accounts in a computerised form, ideally on the Cloud ...
- October 2023Business News England, October Edition
With the constant news surrounding the economy, interest rate uncertainty, and high inflation, it is difficult not to worry about these issues and lose sight of what’s really important – the health and welfare of you and your loved ones ...
- March 2021Chancellor “Levels Up” With Us on Tax
In the Chancellor’s second real Budget on 3 March 2021 he announced that he had to level with people about the state of the UK economy. Prior to Budget day there were fewer leaks than normal about possible tax changes ...
- September 2020New Job Support Scheme Announced
Today Chancellor Rishi Sunak announced a new job scheme starting 1 November 2020 to replace the current Job retention (“furlough”) scheme which ends 31 October 2020 ...
- March 2020What We Know So Far?
The Covid-19 Virus is having a huge impact on business in the UK, both directly and to the economy as a whole and with no immediate end or uplift in sight, it is only likely to continue to be a very volatile situation ...