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Business confidence hits two-year low According to a new survey from the Institute of Chartered Accountants in England and Wales (ICAEW), business confidence in the UK has dropped to its lowest level in two years. The industry body found that rising tax concerns,...
Inheritance tax essentials for 2025/26 Strategies for minimising IHT liabilities. Inheritance tax (IHT) in the United Kingdom applies to the transfer of wealth after death. It can affect property, savings, investments, and other assets. Although it applies to a...
Making the most of UK government grants for SMEs Unlock funding to grow your business. Small and medium-sized enterprises (SMEs) are the backbone of the economy, comprising 99.9% of all businesses and employing a significant portion of the workforce. To support the...
IR35 reforms raise £4.2bn extra tax HMRC’s clampdown on IR35 off-payroll working rules has raised £4.2bn in additional tax, National Insurance, and apprenticeship levy payments between October 2019 and March 2023. Around 120,000 contractors were affected, with...
Planning for the future of your business is a critical responsibility for every owner. Business succession planning ensures a smooth transition of leadership or ownership, safeguarding your company’s longevity and value. In this March 2025 Business Succession Planning...
Staying informed about financial changes is crucial for both businesses and individuals. In this March 2025 UK Finance update, we cover the most significant developments impacting taxation, pensions, and the role of artificial intelligence in government. This month’s...
With 6 April 2025 fast approaching, now is the time to optimise your tax position and make the most of available allowances before the end of the 2024/25 tax year. The Autumn Budget 2024 introduced key changes, affecting income tax, capital gains, pensions,...
University education in the UK comes with significant financial commitments, including tuition fees, accommodation, learning materials, and daily living expenses. Proper financial planning can help parents and guardians reduce reliance on student loans, ensuring their...
The Construction Industry Scheme (CIS) is a key tax deduction system for contractors and subcontractors in the UK construction sector. Whether you're managing subcontractors or working as one, understanding CIS compliance is crucial to avoid penalties and maintain...
Mixed Business Outlook for 2025: Optimism vs. Challenges As we step into 2025, UK businesses are showing cautious optimism. According to Lloyds Bank, 70% of businesses expect turnover growth, with 73% anticipating increased profitability. Many industry leaders believe...