The upcoming increase in employer National Insurance Contributions (NICs) in the UK, set to rise from 13.8% to 15% from 6 April 2025, along with the reduction of the secondary threshold from £9,100 to £5,000, will significantly impact business costs. To mitigate these...
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Working with the right accountancy company is critical for your business’s success. Whether you are a sole trader, partnership, small limited company or even a more significant enterprise with a staff team, you need a personalised accountancy package that allows you time to focus elsewhere.
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Autumn 2024 Budget – planning options
In this post we have outlined a few tax planning options that readers may want to consider following the October Budget changes. Capital Gains Tax Landlords will be relieved that the higher residential rate will remain at 24% until at least 5 April 2026. However,...
Common sources of investment funding for SMEs
Small UK businesses have a variety of investment sources available, depending on their needs and stage of development. Here’s a look at some of the most common options. Personal Savings Many entrepreneurs start by using their own savings or money from friends and...