Property – Annual Tax on Enveloped Dwellings
ATED is an annual tax payable mainly by companies that own UK residential property valued at more than £500,000. You’ll need to complete an ATED if your property: is a dwelling -a property used as a residence for example a house or flat. is in the UK was valued at more than: £2 million (for […]
Get Britain Working White Paper
Are you declaring your rental income?
There are still cases “coming out of the woodwork” where properties are being let out, but rents are not being declared to HMRC. Some seem to think there is no need to do so as they are not making a “profit” as expenses exceed income. However, in many cases this is after taking into account […]
Scottish Budget announcement
Welsh Budget announcement
Highlights for businesses from the Budget The Welsh budget was announced on 10 December. The key decisions for Welsh businesses and individuals were as follows: Welsh Rates of Income Tax The Welsh rates of income tax for 2025/26 will remain at 10p for the three income tax rates (Basic, higher and additional). This means that […]
Are you still word processing, using a spreadsheet or even handwriting your sales invoices?
There are many cost-effective tools and products to streamline this aspect of your business. Using such products have significant advantages – reducing the risk of errors in calculations, free up time, a more professional look, makes chasing unpaid bills easier…. the list goes on. With software, it is possible to see if or when […]
Businesses count the cost of increases to Employers National Insurance
What will it mean for your payroll? It’s already been a month since the Autumn Budget, but the significant changes the Chancellor, Rachel Reeves, made to the Employers National Insurance (NI) rate and threshold are still sinking in with businesses across the country. From 1 April 2025, the rate for Employers National Insurance (NI) will […]
Stress awareness reminders for employers
Could more stress awareness lead to productivity gains? During Stress Awareness Week 2024, held during November, the Health and Safety Executive (HSE) used the occasion to remind employers of their need to carry out their legal duty to prevent work-related stress and support good mental health at work. According to HSE figures, 17.1 million working […]
Not yet VAT registered? Ensure you keep a rolling 12-month turnover summary!
A business with turnover in the previous 12-month period exceeding £90,000, or turnover is expected to exceed £90,000 in the next 30 days is required to register for VAT. If a trader is already registered for VAT, starting another business means registration has to be immediate. It is essential you monitor the turnover closely. […]
Inflation on the rise again
What the latest figures mean for businesses The latest inflation figures from the Office for National Statistics (ONS) reveal that the Consumer Prices Index (CPI) for October 2024 rose to 2.3%, up from 1.7% in September. This marks the first increase in inflation since July, and it has sparked interest among business owners, economists, and […]