NEWS
We will keep you up to date with everything you need to know about your finances.
Spring Budget: Business Changes
Find out more about how the recently announced Spring Budget will impact your business.
Spring Budget: Personal Changes
Find out more about the impact of the recently announced Spring Budget on your personal finances here.
Spring Budget: Economic Outlook
In the new Spring Budget, Chancellor Jeremy Hunt made a statement about the economic outlook of the country, find out more about what he said in our article here.
Spring Budget 2023
The Spring Budget was released on the 15th of March 2023 by Chancellor Jeremy Hunt. Read our overview summary of what was said and what that means for you as a business, personally and for the economic outlook of the country.
Bank of England Raises Interest Rate to 4%
The Bank of England (BoE) has raised its interest rate by 0.5% to 4% following a monetary policy committee (MPC) meeting on 2 February.
Tax Relief on Pensions
Tax relief is one of the best features of using a pension to save for retirement.
MTD for ITSA: What You Need to Know
Making Tax Digital for income tax self-assessment (MTD for ITSA) was originally set to roll out in 2018, but the road to personal tax digitalisation has been relatively rocky to date.
Research & Development Relief Guidance Under Review
HMRC is inviting people to comment on draft guidance relating to the upcoming R&D tax credit relief reforms.
MPs Call for Urgent Improvements to HMRC’s Performance
MPs are demanding urgent improvements to HMRC’s “unacceptable service standards” after a parliamentary report discovered an “eye-watering” £42 billion is owed to HMRC from unpaid tax.
Inflation Remains a Key Concern for Business
Soaring inflation remained a key concern for businesses at the end of 2022, according to the latest quarterly economic survey from the British Chambers of Commerce (BCC).
Chancellor Reveals New Energy Discount for Businesses
The Government has announced a new energy bills discount scheme (EBDS) for UK businesses, set to replace the current energy bills relief scheme (EBRS) once it ends in March.
How to Build an Effective Business Plan
Businesses at any stage in their life cycle can benefit heavily from creating and implementing a business plan. Not only is a business plan there to map out your goals and aspirations, but also to identify any financial risks and operational challenges you may encounter.
Energy Price Cap Removes Risk for One in Four Businesses
One in four business leaders (24%) believe the Government’s energy bill relief scheme (EBRS) has removed a “serious risk” to their business, according to a poll by the Institute of Directors (IoD).
SMES Owed £23.4bn in Late Payments
Large businesses owe their small suppliers £23.4 billion in late payments, according to the Government, sparking a review by the Department for Business, Energy and Industrial Strategy (BEIS).
Economic Outlook Remains Bleak Despite Rise in GDP
Monthly GDP grew by around 0.5% in October 2022, following 0.6% drop in September, according to the Office for National Statistics (ONS).
Treasury Delays MTD for ITSA Until 2026
The Treasury has confirmed that Making Tax Digital for income tax self-assessment (MTD for ITSA) will be delayed a further two years until April 2026.
Income Tax: What’s Changing?
A number of changes are coming to income tax in April 2023 that will affect taxpayers across the UK Many of these measures were announced by Chancellor of the Exchequer Jeremy Hunt in his Autumn Statement on 17 November.
How to Turn a Side Hustle into a Dream Job
A side hustle is a piece of work or a job that an individual can get paid for in addition to their main job. From driving for a ride sharing company to tutoring online, copywriting, and more, a side hustle could be any commercially viable endeavour.
Tax Thresholds Frozen in Autumn Statement 2022
The statement, delivered to the House of Commons on 17 November, included several tax threshold freezes and cuts in annual allowances
National Insurance Increase Reversed
The majority of working people will begin receiving the 1.25% tax cut in their payslips from November onwards.