NEWS

The UK economy grew more than anticipated in the first quarter of 2025, according to data released by the Office for National Statistics (ONS). Gross Domestic Product (GDP) rose by 0.7% between January and March, surpassing analyst forecasts of 0.6%.This growth was primarily driven by a strong performance in the services sector, with notable contributions […]

The Bank of England is set to announce a long-anticipated interest rate cut on Thursday, 8 May—delayed by two minutes to observe the 80th anniversary of Victory in Europe Day. While the moment of reflection is brief, the economic implications are anything but.At 11:02 BST, the Monetary Policy Committee (MPC) is widely expected to reduce

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Understanding changes to National Insurance (NI) and income tax is essential for both individuals and businesses. Recent updates announced in the Spring Statement will have wide-ranging effects, especially in the context of frozen tax thresholds and increasing employer costs. Here’s a clear breakdown of what’s changing, and how these developments may impact your financial planning.What

At Amanah Accountants, we always keep a close eye on the economic landscape – not just for our own operations, but for the many businesses we support day in, day out. And right now, the warning signs are flashing red.According to the latest ICAEW Business Confidence Monitor (Q1 2025), business confidence across the UK has fallen into

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HM Revenue & Customs (HMRC) offers several tax relief options for individuals who make charitable donations. These reliefs can be claimed when completing a Self Assessment tax return, helping donors to reduce their overall tax liability while supporting good causes. Gift Aid Donations made under the Gift Aid scheme allow charities to reclaim basic rate

Starting a new business is exciting – but let’s be honest, managing the finances can feel like a bit of a minefield. You’re not alone if you find accounting overwhelming. In fact, over a quarter (26%) of small business owners say they have little to no accounting knowledge.That’s where we come in. At Amanah Accountants,

A strong business credit score is essential for securing loans, getting better payment terms from suppliers, and building financial credibility. If you’re a business owner looking to improve your credit score, here are key strategies to help you boost your rating and maintain healthy financial standing.Understand Your Business Credit ScoreYour business credit score is separate