Your business is busier than ever. Sales are increasing, you are taking on more work, and perhaps you have even recruited additional staff. So why doesn’t your bank balance reflect all that hard work? It’s a frustrating situation faced by many business owners. On paper, the business appears to be doing well, but in reality …
Salary sacrifice can be a useful way for employees to reduce tax and National Insurance, increase pension savings and access certain benefits at a lower net cost. For employers, it can also be a valuable part of a wider benefits package, helping to support recruitment, retention and employee wellbeing. Used well salary sacrifice can be …
Business owners naturally want to reward good team members. Whether someone has taken on more responsibility, performed consistently well or become a key part of the business a pay rise can feel like the obvious answer. However, once an employee starts moving towards higher rate tax a salary increase may not always deliver the value …
Running more than one limited company is common for many owner-managed businesses. You may have a trading company alongside a property company. You might also have a separate company for another type of business, a holding company or a dormant company that has been kept for a brand name or future project. Each company may …
As a business grows, managing its finances can become increasingly time-consuming. Tasks such as processing invoices, paying suppliers, chasing customers and keeping financial records up to date can quickly become evening or weekend jobs for the business owner. In our latest podcast, Graeme is joined by Accounts Manager Lisa and Senior Management Accountant Emily to …
Companies House has confirmed important changes to the way company accounts will be filed from 1 April 2028. These changes were previously expected to come in from April 2027, but implementation has now been delayed by a year. This gives companies and their advisers more time to prepare. For small businesses, the biggest concern was …
2027 Inheritance Tax Changes: What You Need to Know Inheritance Tax has become one of the biggest tax planning topics we are discussing with clients at the moment. Historically, many people viewed Inheritance Tax as something that only affected the very wealthy – but that’s not always the case. With so much changing, like property …
Recent Government announcements have brought some welcome news for businesses and individuals who rely on vehicles for work. The key changes relate to fuel duty, red diesel, HGV Vehicle Excise Duty and mileage allowance rates. For businesses in transport, logistics, agriculture, construction and trade sectors, these changes could have a practical impact on costs, payroll …
Inheritance tax is becoming a bigger concern for many families. It was once seen as something that only affected the very wealthy, but with house prices rising, pension pots growing and tax thresholds remaining frozen, more people are now being pulled into the inheritance tax net. In our latest podcast, Francesca is joined by Graeme …
A temporary reduction in VAT is being introduced for certain children’s meals, tickets and family attractions over the school summer holiday period. From 25 June 2026 to 1 September 2026, qualifying children’s meals supplied by restaurants, cafés, pubs and similar catering businesses will be subject to VAT at 5% instead of the usual 20%. For …
