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 […]

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

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

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

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

Photo by <a href=”https://unsplash.com/@anniespratt?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash”>Annie Spratt</a> on <a href=”https://unsplash.com/photos/a-bank-of-england-building-with-three-pillars-xHs6vG9kwsA?utm_content=creditCopyText&utm_medium=referral&utm_source=unsplash”>Unsplash</a> Typography is the art and technique The Bank of England (BoE) has reduced interest rates to 4.75%, marking a cautious move amid post-Budget inflation concerns.While this rate cut signals potential relief for mortgage holders and certain businesses, it comes with a warning from the BoE that further

The 2024 UK Budget introduces the biggest tax increase in over two decades, affecting businesses, investors, and wealthy individuals. As accountants, we understand that these changes may bring up questions about costs, cash flow, and strategic planning. Here’s a breakdown of the most impactful tax changes for businesses, along with practical steps to help you navigate

Every adult in the UK has a £20,000 ISA allowance for the 2024/25 tax year, which started on 6 April 2024 and ends on 5 April 2025. If you don’t use your allowance by 5 April, you lose it. Here’s what you need to know before investing in a stocks & shares ISA.What is a

What is Pension Credit?Pension credit is an income ‘top-up’ payment designed to help those who don’t have enough to live on. It’s a means-tested benefit with two parts:1. Guarantee Credit:Tops up income to at least £218.15 a week for single people or £332.95 a week for couples of state pension age.The average top-up is £75