When is a hobby a business
March 10, 2025
Not sure if your hobby is actually a taxable trade? HMRC uses 'badges of trade' to assess whether an activity is a business. Factors like profit motive, transaction frequency, and asset changes help determine if tax rules apply to your...
Read More...Progress in gender equality in top companies
March 6, 2025
The UK is making significant strides in promoting gender equality within its top companies. According to the latest FTSE Women Leaders Review, women now occupy over 43% of board positions across FTSE 350 companies, marking a notable...
Read More...Great news for the UK legal sector
March 4, 2025
On 24th February 2025, the Arbitration Act received Royal Assent, marking a significant milestone in modernising dispute resolution in England and Wales. This new legislation is set to bolster the UK's position...
Read More...The Pros and Cons of Using Online Meeting Platforms
February 27, 2025
In today's digital age, online meeting platforms such as Zoom and Microsoft Teams have become an integral part of how businesses operate. Whether you are working remotely, collaborating with colleagues across different locations, or...
Read More...The Rising Cost of Tax Compliance
February 25, 2025
Tax compliance has always been a necessary but time-consuming aspect of running a business. However, recent reports highlight a worrying trend: the cost of staying compliant with UK tax regulations is rising...
Read More...Significant Boost to State Pension Pots
February 20, 2025
Since April 2024, over 37,000 individuals have proactively topped up their National Insurance (NI) records, collectively adding £35 million to their State Pension pots. This initiative has resulted in more...
Read More...Profit improvement strategies for SMEs
February 18, 2025
Enhancing Operational Efficiency
One of the most effective ways to improve profitability is to review operational efficiency. Cutting unnecessary...
Read More...Spring Statement March 2025
February 13, 2025
The upcoming Spring Statement, scheduled for March 26, 2025, is shaping up to be a pivotal moment for Chancellor Rachel Reeves and the UK economy. Based on recent reports from the accounting press and national...
Read More...20 Cash Flow Warning Signs Small Business Owners Cannot Ignore
February 11, 2025
Cash flow is the lifeblood of any small business, and keeping an eye on certain indicators can help business owners spot potential trouble before it becomes a major issue. Here are the key cash flow warning...
Read More...Understanding the Profit Breakeven Point
February 6, 2025
For any business, knowing when it will start making a profit is crucial. The profit breakeven point is the moment where revenue covers all costs-meaning you're no longer losing money, but you're not making a...
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