Directors and the minimum wage – The compliance risks you may be overlooking
Jun 10, 2025
Since 1 April 2025, new National Minimum Wage (NMW) and National Living Wage (NLW) rates have applied across the UK, bringing substantial increases that affect employers of all sizes. While the changes are designed to benefit millions of workers, directors, particularly ...
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Is your business ready to go viral? The financial risks (and rewards) of sudden success
Jun 05, 2025
The annual search for the UK’s most amusingly named small business is back, with entries flooding in for Simply Business’s £2,500 prize. Past contenders such as Lord of the Bins, Sweeping Beauty, and Surelock Homes have shown how a witty name ...
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Class 2 NICs – The hidden issue affecting self-employed taxpayers
Jun 03, 2025
Recent changes to Class 2 National Insurance contributions (NICs) were meant to simplify things for self-employed taxpayers. Instead, some are facing confusion, incorrect charges, and silence from HM Revenue & Customs (HMRC). The rule change that caused the problem From the 2024/25 tax ...
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Are rising tax arrears putting your business at risk?
May 29, 2025
Businesses in the UK are facing increasing financial strain, with new data from HM Revenue & Customs (HMRC) showing that tax arrears have hit £28 billion per month on average across the first quarter of 2025. Unpaid Corporation Tax, VAT and ...
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HMRC or a scam – can you trust the letters you receive?
May 27, 2025
There are always going to be bad actors looking to scam reputable businesses out of money and data. The new changes to Companies House and the heightened scrutiny that HM Revenue and Customs (HMRC) are placing on businesses have created a ...
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The countdown to Making Tax Digital for Income Tax – Who is affected first?
May 22, 2025
With less than a year to go before Making Tax Digital for Income Tax (MTD for IT) becomes mandatory for sole traders and landlords earning over £50,000, it is important to start preparing. From April 2026, these taxpayers will need to ...
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Investors’ Relief under pressure – Why HMRC is tightening its approach
May 20, 2025
HM Revenue & Customs (HMRC) is writing to taxpayers who claimed Investors’ Relief on their 2023/24 Income Tax Self-Assessment returns but may not meet the strict eligibility criteria. These letters signal increased enforcement around a lesser-used Capital Gains Tax (CGT) relief ...
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Are we underestimating the real impact of workplace pressure?
May 15, 2025
This week is Mental Health Awareness Week, and an important opportunity to reflect on how we manage wellbeing in the workplace. If you are leading a team or business, it can feel like your task list never ends, but one fact ...
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The Bank’s latest rate cut is here, what now for your business?
May 13, 2025
The Bank of England (BOE) has cut the base interest rate to 4.25 per cent, down from 4.5 per cent. It is the fourth cut in the past 12 months, and Governor Andrew Bailey has hinted there could be more to ...
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Company car VAT – Avoiding mistakes when applying the fuel scale charge
May 08, 2025
From 1 May 2025, HM Revenue & Customs (HMRC) reduced its road fuel scale charges, reflecting a drop in fuel prices. Businesses using company cars will see a cut of nearly six per cent across most bands, with new rates applying ...
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