For sole traders and business owners, the 31st January brings a familiar dread, the Self Assessment tax bill. Tax isn’t automatically deducted from your income at source like a traditional PAYE employee, it’s all too easy to spend through the year only to be hit with a massive, unexpected tax bill, plus a “Payment on…
Anyone else got an email from Companies House recently? It’s not a scam! Companies House Identity Verification is a new legal requirement, which will become legal in the Autumn of 2025. Companies House are encouraging all directors to complete the new verification as soon as possible. For too long, the UK companies register has been…
Are you ready for the National Minimum Wage increase in April 2025? In essence, the National Minimum Wage increase presents both challenges and potential opportunities for small businesses. Proactive planning and strategic adjustments will be essential for navigating these changes successfully. National Minimum Wage increase in April 2025 National Living Wage (21 and over) £12.21…
Growing your business often feels like a constant uphill battle. You’re always striving for more revenue, a larger market share and increased profitability. But sometimes, the most effective strategies lie not in chasing new customers, but in optimising what you already have. This is where the power of cost-cutting and price increases comes in. Here…
In yet another U-turn, the UK government has introduced a significant change in the tax treatment of double cab pick-up vehicles (DCPUs) and company car tax, following a recent Court of Appeal judgment. This ruling affects how DCPUs will be classified for tax purposes starting in 2025. There is also new legislation targeting car ownership…
With the first budget now delivered by the new Labour Government, let’s take a look at the key points that have been raised; The freeze on income tax and National Insurance thresholds will end in 2028, preventing people from being pulled into higher tax bands as their wages rise. Businesses will have to…
Have you recently set up a limited company? Are you thinking about setting up a limited company? Are you a director of a limited company and not sure of your responsibilities? There are many company director responsibilities. In this blog we’ve highlight the most important responsibilities and provided some answers to FAQs. Company Directors Responsibilities…
As a small business owner, you can get caught up in the short-term plans, growing your business, managing cashflow and dealing with the day to day of your business. However, have you ever thought about planning for the future? Before you know it, there won’t be much time left to plan and give yourself the…
Do you worry about how you’re going to pay your tax bill? Do you dread the January deadline? In this blog we outline some hints and tips on budgeting for your tax bill. How do you even start to think about budgeting for your tax bill? The best way to look at it is to…
Are you struggling to find the right productivity tips? Do you think you could be doing a lot more on your business but not sure how to get there? If you’re figuring out how to increase productivity in your business, then this blog is for you. For a business to be successful it needs…