Less Than Six Months Left to Boost Your State Pension: Key Details

The deadline to fill gaps in your National Insurance (NI) record and potentially increase your state pension is fast approaching. You have until April 5, 2025, to make voluntary contributions covering gaps as far back as 2006.With less than six months remaining, now is the time to act if you want to maximize your retirement […]

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Double-Cab Pickups to Be Taxed as Cars: What It Means for You

Buried in the Autumn Budget is a significant tax change for double cab pickups, which will soon be classed as cars for tax purposes This marks yet another dramatic U-turn following a tumultuous year of policy shifts, leaving businesses and drivers grappling with the implications. What’s Changing? Starting 1 April 2025 for corporation tax and

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Why Are Mortgage Costs Rising Despite Interest Rate Cuts?

Mortgage costs are climbing, with the average rate for a two-year fixed deal now at 5.5%, even after the recent Bank of England base rate cut. Major lenders like Barclays, HSBC, NatWest, and Nationwide have all increased rates on new fixed deals, frustrating borrowers who hoped costs would consistently decrease. Events like the recent Budget

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The Top 5 Reasons Your Business Needs Professional Accounting Services

Running a business involves juggling countless responsibilities, and managing finances is often one of the most time-consuming and stressful aspects. While some entrepreneurs may attempt to handle their accounting on their own, professional accounting services can provide invaluable support that goes far beyond just crunching numbers. Here are the top five reasons why your business

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Understanding Capital Gains Tax: A Simple Guide for Individuals and Small Businesses

Capital Gains Tax (CGT) may sound like complex financial jargon, but it’s simply a tax on the profit you make when you “dispose” of an asset. Disposal usually means selling an asset, but it can also apply to giving it away, swapping it, or receiving compensation for its loss. While this might sound daunting, CGT is

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What the 2025 National Living Wage Increase Means for Your Business

In a move aimed at supporting the lowest-paid workers and driving economic growth, the Chancellor has announced a significant increase to the National Living Wage.  Starting in April 2025, over three million workers will receive a pay boost as the National Living Wage rises from £11.44 to £12.21 per hour. This 6.7% increase aligns with the

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Payroll Management Best Practices: A Guide to Efficiency and Compliance- From An Accountant

Effective payroll management is essential for every business, making sure employees are paid accurately and on time while maintaining compliance with UK legal and tax requirements. However, with tax codes evolving and increasing demand for digital solutions, it can be challenging to stay on top of payroll processes. Here are some best practices to streamline payroll

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Investing Tips for 2024 in the UK: Navigating Interest Rates, Inflation, and Market Uncertainties

Photo by Sortter on UnsplashInvesting in today’s UK market presents unique challenges—and opportunities—as the Bank of England’s recent interest rate cut to 4.75% signals cautious optimism amid economic uncertainties. For investors, understanding how shifting interest rates, inflationary pressures, and post-Budget fiscal policies impact various investment options is essential. Here are some key strategies and tips

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