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Election 2024: How Party Manifestoes Could Impact Small Businesses in the UK As the 2024 UK election draws nearer, small business owners are keenly aware of how the potential shift in power could impact their operations. Understanding the manifestoes of the main political parties – Labour, Conservative, Green Party, and Liberal Democrats – is crucial […]

Election 2024: What Business Owners Need to Know As the 2024 election approaches, business owners across the UK are keen to understand how potential changes in government policies might impact their operations. The outcome of this election could bring about significant shifts in economic, tax, and regulatory environments. To help you stay informed and prepared, […]

Understanding the Changing Tax Landscape Current Tax Benefits: A Favorable Position Double cab pickups are the backbone of the construction industry, serving as both reliable haulers for equipment and convenient transportation for workers and their families. Yet, looming changes in tax regulations could reshape the landscape for these indispensable vehicles. The Impact of Tax Changes […]

The Chancellor announced his Autumn Statement yesterday.  We already knew that he was going to raise taxes and reverse most, if not all of the Truss Budget. Indeed, the Chancellor set out his priorities as Stability, Growth and Public Services. What this means is that we are back in Austerity 2.0 mode. Oh, and inflation […]

Here is another blog with yet more changes and reversals to the Kwarteng mini-budget that wasn’t a budget. In short, most of what he announced has been ditched by the new chancellor Jeremy Hunt. I am hesitant to say that these new announcements are ones that are going to remain. After all, we are living […]

On Friday afternoon the UK Prime Minister, Liz Truss held a press conference. Ahead of this press conference, it was announced that the Chancellor had resigned/been sacked (depending on whose version of the truth you are listening to). In this press conference, the September tax cuts as promised in the mini-budget have been watered down even further. What we […]

Back in his Spring Statement in March of 2022, then Chancellor Rishi Sunak announced significant changes to National Insurance. The first of which came into effect in April when NI contributions were raised from 12% to 13.25%. What is changing in July? This month sees some respite however with the implementation of Sunak’s second change; […]

The Chancellor recently unveiled his Spring Statement. With a background of increasing wage, fuel and raw material costs and rising inflation, it was hoped the Chancellor would bring some respite for small businesses and sole traders. Thankfully there is some small respite coming for small business owners and sole traders. Before you get too excited, […]

With costs going up across the board it is unsurprising that the national living wage is also being increased. However, for businesses, particularly small ones, this could have a dramatic effect on wage bills going forward. From April 1st 2022, the minimum wage will be increasing from £8.91PH to £9.50PH. This is a 6.6% increase […]

In line with the further extension of the CJRS furlough scheme for employees the chancellor has also set out further support for the self-employed. We had been waiting for the details of the calculation of the fourth SEISS grant covering the period to 30 April and we now know that the support will continue to […]