Last October, the Economic Crime and Corporate Transparency Act 2023 (ECCTA) was introduced to tackle fraud and economic crime in the UK. One of its key objectives is to improve the quality of data held at Companies House. As a result, on 4th March 2024 changes at the Companies House came into being. Overview […]
Category Archives: News
16
Aug
Aug
Many landlords are having a difficult time right now. For many of you, it’s an anxious time due to a few things happening, like rising interest rates and new legislation. So why is it important to think about how to be a good landlord? Following the death of a young boy (Awaab Ishak) in 2020, […]
06
Jun
Jun
The Renters Reform Bill initially promised in 2019 was published last month (May 2023). The government says this piece of legislation will deliver “safer, fairer, and higher quality homes, thanks to the once-in-a-generation overhaul of housing laws”. However, it is not expected that it will become law until next year. So where does this leave […]
10
May
May
The UK employment rate was estimated at 75.8% in December 2022 to February 2023. This is 0.2% higher than September to November 2022. The increase is due to more part-time employees and self-employed workers, and it means the labour market remains tight. So, what can you do to make recruitment easier for your business. In […]
03
May
May
Inflation is proving to be a real problem now. This comes as new figures released this week suggests that food prices were up 15.7% last month compared to April 2022. The Bank of England is predicted to raise the interest rate again later this month. This makes everyone nervous which means if you have been […]
05
Apr
Apr
With continuing inflation in the UK, many of us and our businesses have been put “off track” in the short to medium term so how do you mitigate the long-term effect of inflation? The Bank of England recently increased interest rates by a quarter of a percentage point to 4.25%. This is despite the […]
14
Dec
Dec
The British High Street is continuing to diminish, and as the crisis persists, the high street as we know it may soon become obsolete, with both independent and chain stores feeling the effects. Mary Portas the queen of retail and the person David Cameron trusted with the review of our high street twelve years ago […]
Corporation Tax, HM Revenue & Customs, National Insurance, News, Payroll, Tax Planning, Tax Tips
The Mini Budget 2022 – Revisited
19
Oct
Oct
Have you kept up with all the changes in the mini budget? From the time of the initial announcements on 23rd September we were in fact expecting more announcements but not the type that came over the last two weeks. The mini budget 2022 has been revisited properly this week by the new Chancellor Jeremy […]
Accounting Tips, Bookkeeping, HM Revenue & Customs, News, Tax Advice
Making Tax Digital (MTD – Updated January 2023
21
Sep
Sep
The introduction of Making Tax Digital (MTD) has been delayed until 2026. What is MTD Making Tax Digital is an initiative introduced by HMRC in an attempt to modernise our tax system in the digital age. MTD for ITSA (Income Tax & Self-Assessment) comes into effect from April 2026 (previously 2024) if your “qualifying income” […]
Business Tips, Cash Flow, News, Tax Advice, Tax Planning
High Interest Rates and Rising Inflation – What should you do next?
17
Aug
Aug
The Bank of England increased interest rates from 1.25% to 1.75% and has predicted that the UK will fall into recession in the last quarter of 2022. So, with high interest rates and rising inflation what should you do next? The Bank believes that increasing interest rates at a faster rate will mean spending will be controlled. […]