Tackling the challenge of late payments for small businesses
Recent data from Xero Small Business revealed that late payments have increased, with delays averaging 7.3 days between April and June 2024. This marks a rise of 1.8 days over…
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Strategies to sustain your business amid increasing HMRC pressures
In the past year, there has been a dramatic 63 per cent rise in business closures driven by creditor petitions, with HM Revenue & Customs (HMRC) playing a significant role….
Pensioners facing new tax bill – what you need to know
HM Revenue & Customs (HMRC) has issued letters to over 140,000 pensioners who have taxable income but have not been submitting Self-Assessment tax returns. In total, around 560,000 pensioners are…
Preparing your business for the new audit regulations
Recent changes introduced by the previous Government have adjusted the thresholds for company size classification, potentially exempting around 132,000 businesses from mandatory audits. These updated thresholds will apply to financial…
Labour announces date for Budget – What it means for your financial planning
The first Budget under the new Labour Government is scheduled for 30 October 2024. Chancellor Rachel Reeves has already signalled the need for significant financial adjustments, including £13.5 billion in…
King Charles’s address to Parliament and its implications for your financial planning
Last month, King Charles’s address to Parliament highlighted the new Labour Government’s legislative priorities for the months ahead. His speech introduced 40 proposed laws that included key financial legislation that…