NEWS
We will keep you up to date with everything you need to know about your finances.
Managing cashflow: Tips for small businesses
In this spotlight, we explore detailed cashflow management tips, incorporating practices and tools that have gained popularity in recent years, ensuring you can effectively manage your cashflow cycle with modern methodologies.
Personal tax planning in 2024/2025
As we step into the 2024/25 tax year, it’s now more important than ever to take a proactive approach to managing your personal finances. This guide is crafted with you in mind, offering clarity and actionable advice to help you optimise your tax position and secure your financial wellbeing.
PM proposes scrapping National Insurance
Plans to simplify tax could require other increases. In 2022/23, NICs generated £178bn, with £103bn from employers, £65bn from employees, and around £10bn from the self-employed. Read more here.
Stealth tax and savings shake up salary bands
Fiscal drag raises tax burden for many. Following the recent Spring Budget, NI rates in the UK will decrease by 2%. But what does this really mean for you?
Manufacturing and R&D to receive £360m boost
Funding aims to drive economic growth, enhance health resilience, and generate employment. Details here.
UK house prices rise as interest rates fall
The average house price increased by 1.2% compared to last year, climbing to an average of £260,420. Find out the latest on house prices in the UK this year.
Tax Card 2024/25
This tax card will provide all the rates and allowances based on the fiscal statement and Budget announcements made by the UK and Northern Ireland, Scottish and Welsh Governments.
How to Improve Your Financial Health
Improving your financial health involves strategic planning, informed decision-making, and constant adjustments. There are many factors to consider – so how do you know where to begin? Find out in our latest article.
Mastering Business Expenses
In today’s economic landscape, where financial acumen plays a pivotal role in the sustainability and growth of any business, the importance of effectively managing business expenses cannot be overstated. Check out our essential toolkit for business owners here.
House prices begin to fall at a slower rate
House price declines are gradually easing as sales volumes increase across the UK. In October 2023, prices dropped by -1.4%, slowing to -0.8% by December.
‘Limited tax cut options in budget’, says Chancellor
Chancellor Jeremy Hunt has said that there is little scope for further tax cuts in the Spring Budget. Read more here.
Spring Budget: Personal Changes
The 2024 Spring Budget was released on the 7th of March which included support aimed at helping poorer families. Find out what announcements were made and the impact on your personal finances.
Spring Budget: Business Changes
After the more comprehensive business support and tax cuts announced in the 2023 Autumn Statement, such as making the full expensing policy permanent, the 2024 Spring Budget was lighter on headline-making pro-business announcements.
Spring Budget: Economic Outlook
The 2024 Spring Budget was released on the 7th of March, find details about the Economic Outlook of the country here.
‘Help to Grow’ campaign and small business council to aid SMEs
The Government has committed to supporting 5.5 million small businesses by updating its Help to Grow campaign and introducing a new Small Business Council next month.
HMRC clamps down on undeclared dividend earnings
Starting on 4 February 2024, HMRC is writing to company owners regarding the potential under declaration of dividend income. Find out more here.
UKEF Introduces Enhanced Financing For Small Businesses
In a move to boost international trade and foster greater exporting opportunities for small businesses, UK Export Finance (UKEF) has introduced more flexible and expedited financing.
HMRC Enforces Tighter Rules On ‘Side Hustle Tax’
In a bid to tighten tax regulations and combat tax evasion, HMRC is implementing measures affecting sellers on platforms such as eBay, Vinted, Airbnb and Etsy. Find out what this means for your business.
Economic confidence index declines
Business leader confidence in the UK economy fell to -28 in December 2023 after hitting -21 in November, according to the latest economic confidence index from the Institute of Directors (IoD). But this contrasts to business leaders’ confidence in their own enterprises.
National Insurance cut boosts UK households
In a move to ease financial burdens on UK households, the Government has implemented a historic National Insurance (NI) cut, providing relief for 27 million taxpayers. Find out more here.