Blog
Latest…
Spring Statement 2025
The upcoming Spring Statement, scheduled for March 26, 2025, is shaping up to be a pivotal moment for Chancellor Rachel Reeves and the UK economy. Based on recent reports from the accounting press and national newspapers, here's what we might anticipate: Economic...
20 Cash Flow Warning Signs Small Business Owners Can’t Ignore
Cash flow is the lifeblood of any small business, and keeping an eye on certain indicators can help business owners spot potential trouble before it becomes a major issue. Here are the key cash flow warning signs that should raise concern: Declining Cash Reserves If...
Understanding the Profit Breakeven Point: Why It Matters and How to Calculate It
For any business, knowing when it will start making a profit is crucial. The profit breakeven point is the moment where revenue covers all costs—meaning you’re no longer losing money, but you’re not making a profit yet either. Understanding this point helps business...
Pension reforms announced
The UK government is shaking things up with some significant pension reforms aimed at boosting economic growth and enhancing pension pots for working folks. Let's dive into what's happening. Unlocking Pension Surpluses Traditionally, occupational defined benefit (DB)...
No changes for online sellers
People selling unwanted items online can continue to do so with confidence and without any new tax obligations, HM Revenue and Customs (HMRC) has confirmed. The reminder comes as online platforms start sharing sales data with HMRC from January 2025 – a new process...
High Streets get welcome boost
In a recent press release issued by the Ministry of Housing, Communities and Local Government, new legal changes to empower councils to auction off leases for long-term empty lots was released. Here’s what the changes will provide. High streets are set to be...
HMRC filing scam warnings
HMRC is encouraging customers to be prepared and have all the information they need ready to file their Self-Assessment tax returns early, so they can avoid any last-minute stress and know what they owe sooner. HMRC has a range of online help and support and YouTube...
Providing Business Christmas Gifts
Providing Christmas gifts can be a thoughtful gesture, but it’s essential to understand the tax consequences to avoid unexpected liabilities. The tax treatment for gifts differs depending on whether they are for staff, or customers and suppliers. Here's a breakdown:...
Crack down on subscription fine print
In a recent news story issued by the Department for Business and Trade a consultation was launched to crack down on the use of online “subscription traps”. The full story says: “New proposals to crack down on subscription traps have been unveiled today as the...
Small businesses – top seven concerns
Small businesses in the UK are currently navigating a complex financial landscape, facing several significant challenges that impact their operations and growth prospects. Key concerns include: Rising Operational Costs Energy Expenses: Escalating energy prices have...