NEWS
We will keep you up to date with everything you need to know about your finances.
Autumn Statement: PERSONAL CHANGES
The Autumn Statement was released on the 22nd of Novemeber 2023, in this article we detail the new changes that will effect individuals and our personal finances.
Autumn Statement: ECONOMIC OUTLOOK
The Autumn Statement was released on the 22nd of Novemeber 2023, in this article we detail the economic outlook and implications for the UK.
Treasury Task Force Details Carbon Reporting Rules
A Treasury task force explained on the 9 October how listed companies and financial firms will have to outline plans to cut carbon emissions in the transition to a 2050 net-zero economy.
Insolvency Up by 16.5% Compared to Last Year
The number of company insolvencies in September 2023 was 16.5% higher than the same month last year, according to official data published in October by the Insolvency Service.
Accounting Tech for Businesses: How Will Technology Impact Your Business’s Financial Future
Constant developments in technologies like AI and cloud
accounting are changing the way we do business and
manage our finances. It’s a rapidly advancing field that
has already changed the way most businesses think about their
processes. So what are the benefits of using technology in
business accounting?
Industry Backlash at HS2 U-turn
Leading business organisations have criticised the Government’s decision to scrap the northern leg of HS2, despite its promises to divert £36 billion into new transport in the Midlands and north of England.
UK Economy Recovery Slows in August
Britain’s economy partially recovered in August, with a marginal growth of 0.2% following a sharp fall in July. Find out more here!
Employers Ramp Up Counter-Offers to Retain Staff
Employers are turning to generous counter-offers in a bid to retain staff as skills shortages persist, new research suggests. Find out more here.
HMRC Reopens Self-Assessment Helpline
HMRC has reopened the self-assessment tax helpline from 4 September after it was closed for three months over the summer. Details here.
ONS Revises its Findings and Says Economy Actually Grew in 2021
The UK is no longer a global economic outlier after a huge revision to its post-pandemic economic performance by the Office for National Statistics (ONS). Read more here.
An Introduction to Trusts
What you need to know about trusts, including how they are taxed. Check out our latest article here.
What Does ULEZ Mean For Your Business?
The latest ULEZ expansion means that many more businesses and individuals could face charges when driving vehicles that don’t meet emissions standards.
We’re here to help you understand how to comply with these clean air schemes and offer advice on minimising the extra financial and administrative burdens.
One Million More Pulled into Tax on Savings
Rising interest rates and frozen thresholds will force over one million more taxpayers to pay taxes on their savings interest this tax year, new data reveals.
Pay Growth Ends 18-month Wage Squeeze
Real wages in June 2023 were higher than a year ago for the first time in 18 months, ending a pay squeeze across Britain.
UK grows but remains in ‘precarious place’
Growth remained sluggish between April and June 2023, with GDP growing by 0.2% in the second quarter of 2023 following a 0.1% rise in the first.
Geopolitics Prompt Importers to Alter Supply Chains
One in five British importers have altered their supply chains because of geopolitical tensions, particularly with China, new research suggests. Find out more here.
A Guide to Registering for Self-Assessment
If you’ve never had to complete a self-assessment tax return, the first time can be daunting. But don’t worry: we’ll demystify the process in this article.
IR35: What Happens When It Goes Wrong?
Contractors and freelancers operate through a private company to enjoy a better tax treatment compared to sole traders — but a more favourable tax position is actually never guaranteed because of off-payroll working rules known as IR35. Want to know more? Find out about IR35 in our article here.
Choosing Your Accounting Software
In today’s fast-paced and competitive business environment, having the right tools and systems in place is crucial for success. We’ve written a guide on how to choose the best accounting software for you!
New Pension Reforms Explained
On the evening of Monday 10 July 2023, Chancellor Jeremy Hunt delivered a speech at Mansion House in the City of London where he specifically addressed changes to the pension system that could unlock up to £75 billion of corporate investment and boost the pension pots of retirees by 12%, equivalent to £1,000 a year. Find out more here.