NEWS
We will keep you up to date with everything you need to know about your finances.
Navigating capital gains tax
This guide will examine CGT in-depth, covering everything from how it is calculated to the allowances, exemptions, and reliefs available. By understanding these subtleties, you can plan better, be tax-compliant, and potentially save a lot of money.
Only 13% of bounce back loans paid off
£46.9 billion was lent during Covid under the scheme. While nearly three-quarters of borrowers are on track to repay, a significant £40.9bn remains outstanding.
Media sector faces scrutiny from HMRC
A recent crackdown on the abuse of the research and development (R&D) tax relief regime has significantly impacted the media sector, with HMRC questioning three out of four claims.
House prices rise slightly again
The housing market is showing signs of resilience, with Nationwide reporting a 0.4% rise in house prices in May compared to April. The average cost of a home now stands at £264,249, marking a 1.3% increase year-on-year.
HMRC contacts pending ROR claimants
HMRC is writing to taxpayers who made a provisional business asset roll-over relief (ROR) claim on asset sales in 2020/21 and haven’t replaced it with a valid claim. The deadline for making a valid claim is 31 January 2025. Read more here.
Wealth planning for you and your family
Financial planning is undoubtedly the bedrock of successful wealth management, serving as the critical first step in a lifelong journey of financial growth and security. Our latest article is a deep dive into wealth planning for you and your family.
MPs warn unfair banking is harming small firms
The Treasury Committee has warned about the negative impacts of unfair banking practices and inadequate financial regulation on small and medium-sized enterprises (SMEs).
SME energy standing charges are too high
Some SMEs’ costs have risen by more than 1000%. Nearly two-thirds of these businesses cite utility costs as a key factor driving higher expenses.
UK predicted slowest growth among rich nations
GDP is expected to rise by only 1% in 2025, below other G7 nations such as Canada, France, Germany, Italy, Japan and the US. Find out more here.
House prices fall for the second month in a row
House prices fell by 0.4% in April to £261,962, following a 0.2% drop in March. Read more in our article here.
Debt management strategies
This guide offers you practical and effective strategies tailored for managing your debt. Our aim is to empower you with the knowledge and tools necessary to tackle debt management. By implementing these strategies, you can work towards regaining financial stability and achieving peace of mind.
Tax deadlines and penalties for limited companies
This guide delves into the intricacies of the obligations a limited company has with regard to tax and accounting, offering a comprehensive overview to help ensure your company remains in good standing.
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.