Category: Business consulting

New tax year – New tax rules


With the start of the new tax year, taxpayers can expect significant changes that will directly impact their finances in the next tax year (2024/25). If you haven’t already, it’s time to closely examine your…

Redundancy regulations are changing – What it means for your payroll and policies


From 6 April 2024, UK redundancy rules will change, particularly surrounding pregnant employees and those on family-related leave. The new legislation extends the ‘protected period’ for redundancy to 18 months after the birth or adoption…

HMRC income tax receipts rise by £2 billion


HM Revenue & Customs (HMRC) recently reported a £2 billion increase in income tax receipts, reflecting a strong self-assessment period and an evolving dynamic within the tax landscape. The Government’s recent changes, including adjustments to…

A third of UK business owners do not know their company’s value – do you?


New research by Marktlink suggests that around 33 per cent of UK business owners are unaware of the value of their company – only slightly lower than the European average figure of 40 per cent.…

Are barriers to investment harming your productivity?


A survey by the Bank of England (BoE) and the Department of Business and Trade has identified a potentially significant challenge facing SMEs on their journey towards growth. The survey’s findings indicate that investment is…

Five steps to growing your business, safely


There is an inherent degree of risk in any business growth strategy – but keeping this risk to a minimum can help you grow your business without sacrificing your hard work. Growing your business hinges…

Cars vs Vans – The tax implications of company vehicles


Providing a vehicle to your employees can be a real incentive and often essential to their role. However, the type of vehicle you choose could have a significant impact on the tax that you and…

Holiday accrual to come in for zero-hours workers


Following changes to the Working Time Regulations 1998 in January 2024, further amendments are set to come into force on 1 April 2024 relating to leave entitlement for workers on irregular hours. Upcoming changes will…

Run your business from home? Get to know your VAT entitlement


If you are a business owner and work or run your business from home, then you may be entitled to reclaim VAT on certain costs. In practice, this means that you can reduce the amount…