The power of strategic planning and why your business needs a roadmap
It would seem fairly straightforward to point out that running a business without a plan is a bit like setting off on a road trip without a map.
HMRC updates guidance on tax classification of double cab pick-ups
HM Revenue & Customs (HMRC) has issued updated guidance on the taxation of double cab pick-up trucks, clarifying which vehicles will be affected by the Government’s decision to reclassify them as company cars for tax purposes.
Fur and finance – Tax compliance in animal sales
If breeding and selling animals has turned into a source of income for you, you need to make sure your earnings are declared correctly to HM Revenue & Customs (HMRC). You can earn up to £1,000 annually from casual trading
Optimising your credit control policies to deal with chronic late payers
Despite repeated calls for reform, the Government has shown little support for tackling chronic late payments, leaving businesses to fend for themselves. One effective solution is to tighten your credit control policies to manage the issue. Strengthening credit control A
Budgeting for the unknown – Contingency strategies and tips for businesses
No matter how well-prepared you may think you are, things will not always go to plan. It could be a sudden shift in the market, supply chain disruptions, unexpected repairs to your office or equipment, or even a personal emergency.
How to capitalise on the Government’s AI push
In January, the Government unveiled its Artificial Intelligence (AI) Opportunities Plan, outlining how the UK hopes to shape the AI trajectory by driving economic growth, enhancing public services, and creating new job opportunities while ensuring AI benefits society. While there
Received a ‘One to Many’ letter recently?
HM Revenue & Customs (HMRC) has recently issued One to Many (OTM) letters to private equity businesses and estate agents. These letters can be sent to any business and usually highlight HMRC’s focus on compliance, urging you to review your
Will a minimum wage rise trigger unexpected student loan repayments?
From 1 April 2025, the National Minimum Wage will rise to £12.21 per hour (an increase of 6.7 per cent), meaning rising employment costs for businesses. For graduates, higher earnings can trigger student loan repayments, a factor you should consider
Furnished Holiday Lets – Where are we now?
With significant changes to the Furnished Holiday Let (FHL) regime coming into effect in April 2025, owners of holiday rental properties face crucial decisions about their tax position and business structure.
Could your company size threshold change in April?
From 6 April 2025, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 will introduce higher company size thresholds, reducing compliance burdens for thousands of UK businesses.
