NEWS
We will keep you up to date with everything you need to know about your finances.
Advisory Fuel Rates 2023
HMRC has published the latest advisory fuel rates (AFR) for company car users, which applies from the 1st December 2023. The rates for some petrol engines and all vehicles with diesel engines increased by 1p per mile. More details here.
January Spotlight: Personal financial planning in 2024
The new year marks the start of new beginnings, so there’s no better time to revisit your personal financial strategy. This is our spotlight on how to plan your finances in 2024.
Should you hire or outsource accounting?
In this in-depth exploration, we'll dissect the pros and cons of each option, providing you with comprehensive insights to empower you in making an informed decision aligned with the unique goals of your business.
HMRC removes PAYE self-assessment threshold
HMRC has announced a major shift in tax procedures, exempting high earners with PAYE income exceeding £150,000 from self-assessment tax returns starting in the 2024/25 tax year. Read about the announcement here.
Overseas firms pledge to invest billions in the UK
In November, Prime Minister Rishi Sunak hosted a summit at Hampton Court to spotlight foreign firms' plans to invest £29.5 billion in the UK, signalling confidence in the economy. Find out more here.
Corporate insolvencies hit a two-decade high
Corporate insolvencies in England and Wales are at their highest level since 2009, according to new data from the Insolvency Service. Read more here.
Bank of England holds interest rates steady
The Bank of England (BoE) announced it would maintain its interest rate at 5.25% for the second consecutive time, following a series of 14 rate hikes. Read more here.
Small business confidence improves in Q3 2023
Small business confidence in the UK improved slightly in Q3 2023, although challenges persist, according to the latest Small Business Index from the Federation of Small Businesses (FSB). Find out more here.
UK accountants demand HMRC service improvements
A recent survey from the Association of Chartered Certified Accountants (ACCA) has shed light on the challenges UK accountants face when dealing with HMRC services. Find out more here.
Tax and your work Christmas party
As 2023 draws to a close, many employers will be looking for ways to reward their teams’ hard work. But how can you do that in a tax-efficient way that benefits both you and your employees? In this guide, we’ll help demystify the tax treatment of your end-of-year celebrations.
Self-Assessment
What to watch out for when navigating this important financial obligation. The UK self-assessment system has its quirks and nuances, and understanding how to stay compliant is crucial to a smooth and stress-free income tax process. Find out more here as we do a deep dive into the Self-Assessment.
Autumn Statement: BUSINESS CHANGES
The Autumn Statement was released on the 22nd of Novemeber 2023, in this article we detail the changes brought in that will effect business.
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!