News

All of the latest tax and finance information

Business compliance with HMRC costs firms £15.4 billion a year

Meeting tax obligations is costing UK firms around £15.4 billion a year according to the National Audit Office (NAO), the body responsible for scrutinising public spending, and it appears HMRC is underestimating these costs to taxpayers. This has a major impact on the...

Interest rates fall – what does it mean for you?

February saw another cut in the Bank of England base rate by another 0.25 percentage points to 4.5%, the third cut since August 2024. But while this should provide some relief for mortgage and credit card borrowers, savers will also see the interest they are paid on...

Still time to maximise your end of tax year planning

Now is the time to work towards maximising your end-of-year tax planning before the new tax year starts on April 6. If you haven’t used all your allowances and reliefs for this tax year, then in the coming month, you should make the time to address this. By using up...

25,000 people filed tax returns on New Year’s Day

While most of us were ringing in the New Year with a chorus of Auld Lang Syne or nursing a hangover from the revelries, nearly 25,000 people filed their tax return on January 1, 2025, according to HMRC figures. Most people – 2,603 – filed their returns between 14:00...

Company size thresholds to increase in the UK from April

The official classification of company sizes is set to change from April, with many firms being identified as smaller than they were previously, which should make filing company accounts more straightforward. The new legislation, The Companies (Accounts and Reports)...

How to Choose the Perfect Business Setup for Success

Starting a business is exciting! It’s a chance to turn your ideas into reality and achieve goals like financial independence, pursuing your passion, or building something that makes a difference. But there are important choices to make, like deciding how to set up...