The Bank of England increased interest rates from 1.25% to 1.75% and has predicted that the UK will fall into recession in the last quarter of 2022. So, with high interest rates and rising inflation what should you do next? The Bank believes that increasing interest rates at a faster rate will mean spending will be controlled. […]
Category Archives: News
20
Apr
Apr
We have just had Easter which is traditionally a time for renewal and rebirth. Spring is truly here, and the dark days of Winter are behind us. Yet we all know this year life is harder for many. According to the Joseph Rowntree Foundation more than one in five of the UK population now lives […]
09
Nov
Nov
A lot of financial pundits including us were expecting last week’s budget to be a heavy hitter when it came to raising taxes. However, in the end this was not the case. The Office of Budget Responsibility’s recent announcements of a rebounding economy has given Rishi Sunak the confidence to delay tax rises. But there […]
HM Revenue & Customs, National Insurance, News, Payroll, Personal Tax
Introduction of the new Health & Social Care Levy and how it works
22
Sep
Sep
Last week saw the introduction of the new health and social care Levy. Whilst this came as a surprise to many it was not all that unexpected. The UK with its aging population has over many years debated on how to deal with the rising cost of social care. It took the pandemic (and the […]
26
Aug
Aug
Under new rules introduced by the Finance Act 2021, HM Revenue & Customs (HMRC) have acquired some extra powers when it comes to collection of tax and information gathering. Will HMRC contact my bank directly? A new “financial institution notice” was created to speed up the process of getting information to tackle tax evasion. HMRC […]
03
Dec
Dec
This however was not a Budget and therefore as expected no announcements on the future tax strategy. There is an acceptance overall from the pundits that tax will have to increase.
14
Aug
Aug
What are you doing to keep in touch with your clients and customers? Depending on the type of business you are in, it will differ from email communication, telephone conversations, use of social media and may be something even a bit more formal
05
Aug
Aug
But let us say you know how your business is performing – do you know what you are measuring your performance against?
27
Jul
Jul
So, what does this next normal look like? This is a great opportunity to look at the way you currently do business, ask yourself…
20
Jul
Jul
It is times like these that businesses can sometimes react by standing still, weather the storm and hope it will be okay. But is this always the correct response?