Slowing growth and rising borrowing -what this means for your business
July 8, 2025
The UK economy is showing signs of fatigue. Figures released at the end of June confirm that economic growth slowed to 0.7% in the first quarter of 2025. For small business owners, this is more than just a headline as it signals a shift in...
Read More...Do you have additional income streams?
July 7, 2025
Side income over £1,000 may mean filing a tax return. HMRC is urging part-time earners to check their tax position for 2024-25, especially if they earn from casual work, renting, or crypto.
If you are earning extra income it is...
Read More...Tax Diary July/August 2025
July 7, 2025
1 July 2025 - Due date for corporation tax due for the year ended 30 September 2024.
6 July 2025 - Complete and submit forms P11D return of benefits and expenses and P11D(b) return of Class 1A NICs.
19 July 2025 - Pay Class 1A...
Read More...The value of tax planning for high net worth individuals
July 7, 2025
For high net worth individuals (HNWIs), tax planning is not simply a compliance activity, it is a strategic tool to preserve and grow wealth. With rising scrutiny from HMRC, frozen allowances, and increasingly complex legislation, the...
Read More...Winter Fuel Payments reinstated
July 7, 2025
The government has announced the reinstatement of Winter Fuel Payments for pensioners in England and Wales for winter 2025-26, reversing the previous year's cuts. Around nine million pensioners are expected to benefit from this decision,...
Read More...Tax gap estimated at five percent for 2023-24
July 7, 2025
HMRC missed out on £46.8bn in tax last year. Small businesses and Corporation Tax make up the biggest share of the shortfall.
The tax gap for the 2023-24 tax year has been published and is estimated to be 5.3% of total theoretical...
Read More...Setting up a payroll scheme
July 7, 2025
Registering for payroll is essential when hiring staff. From HMRC registration to legal compliance, getting payroll processes right ensures your team is paid correctly and your business avoids penalties.
When starting a business and...
Read More...Are you ready for Companies House ID checks?
July 7, 2025
From 2025, Companies House is rolling out new identity verification requirements for directors, people with significant control (PSCs), and anyone forming or managing a UK company. These changes form part of the Economic Crime and...
Read More...What would a closure of the Strait of Hormuz mean for the UK
July 3, 2025
Tensions in the Middle East have always carried global implications, but few pressure points are more critical than the Strait of Hormuz. This narrow passage off the coast of Iran is the transit route for around one-fifth of the world's...
Read More...Why every business owner needs an exit plan
July 1, 2025
For many business owners, the daily focus is on growth, sales, staff, and operations. Planning an exit often sits far down the priority list, something to deal with "one day." However, failing to plan for how and when you will eventually...
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