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26
Sep

Start-Up Business Loans

  Start-Up Business Loans The Start-up Business Loans scheme launched in 2012 is being extended according to Prime Minister Liz Truss and Jacob Rees-Mogg.  An £884m loan scheme for new businesses is to be greatly expanded, delivering much needed finance to the UK’s array of innovative start-ups, Start-up Business Loans offer support and funding to new businesses that have been

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23
Sep

Emergency Budget and Mini Budget

  The Emergency Budget and Mini Budget was announced today 23rd September by Chancellor Kwasi Kwarteng.  His announcements come amid the Government’s growth plan vowing to break the ‘cycle of stagnation’ The ‘Emergency Budget’ and Mini Budget has seen the biggest assault on the tax burden since 1972.   Emergency Budget and Mini Budget In Summary: Freeze on Energy Bills

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8
Sep

Energy Bills To Freeze

Energy bills to freeze according to the new PM Liz Truss who announced a £150 Billion bailout package.  The bailout is designed to freeze the domestic energy bill cap on typical households at £2500* for the next 2 years. * Some household will use more energy and be billed more, so this is not a hard cap of £2,500 on

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7
Sep

Cost of Living Business Strategies

  Cost of Living Business Strategies There are lots of tips out there for managing personal and business finances as the cost of living increases on what seems to be a weekly basis. Whilst we can all use our kettle less, and switch lights off, the burning question is what can we do as a business strategy that holds longevity

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30
Aug

Energy Price Cap

  On the 26th August the energy price cap was announced, and goes up again by 80% from 1st October 2022 for 24 million people in England, Scotland and Wales. If you’re on a default tariff and pay by direct debit, your bills will increase by £1,578 a year to £3,549. If you’re a prepayment customer, your payments will rise by £1,591

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30
Aug

WHAT IS DIGITAL TAX FILING

  Self-employed businesses and landlords with annual business or property income above £10,000 will need to follow the rules for Making Tax Digital (MTD) for Income Tax from 6 April 2024 and submit digital tax filing, Some businesses and agents are already keeping digital records and providing updates to HMRC as part of a live pilot to test and develop the Making

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12
Aug

Hosepipe Ban

  Hosepipe bans are in force in a number of areas across the country, and whilst we all know it could affect our homes, the question is, can it affect small businesses? Following the driest July in England since 1935, hosepipe bans have come in effect in Hampshire, the Isle of Wight Kent, Sussex, and Pembrokeshire as water companies try

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8
Aug

Cost of Living Changes August 2022

  Cost of Living Changes August 2022 Inflation has soared above 9% in the UK – the highest in more than 40 years. While the energy price cap increase is expected to send annual household energy bills up to £4,000 for the average household. On Thursday the Bank of England announced that it was raising interest rates to 1.75% from

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23
Jul

FINANCE BILL 2022-2023

  The Finance Bill 2022-2023 draft legislation and policy papers have been released by the UK government.  This draft legislation Finance Bill indicates what to expect with possible changes to renewing annual taxes, delivering new tax proposals and maintaining administration of the tax system. We take a look at just some of the key changes coming in*: (*It is worth

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23
Jul

HMRC Accounts 2021-2022

  HMRC have published their Report and Accounts and other documents for 2021-22. HMRC accounts report revenues of £731.1 billion, a 20.1% increase since 2020-21, although 23.8% of this (£173.8 billion) remained unpaid at the year-end. Its audit was qualified due to high levels of error and fraud. Highlights of the HMRC accounts are: Increases were reported in all revenue streams,

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