The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements.
Category Archives: Finance
100 days until the Self-Assessment deadline: Are you ready?
We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.
Why you should use double-entry bookkeeping in your business finances
The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances.
How management accounts can help your business
Management accounts are vital in keeping on top of your business’s performance. But what are they, and how do they work?
Secure your financial future – Plan ahead and send Self-Assessment returns early
Recent data from HM Revenue and Customs (HMRC) reveals a significant trend – an increasing number of UK taxpayers are filing their Self-Assessment tax returns within the first week of the new tax year.
How the National Living Wage increase could affect businesses
At the latest Conservative Party conference, it was confirmed that the National Living Wage will be officially rising to £11 an hour for those over the age of 23, starting from April 2024.
18-year-olds to be included in auto-enrolment expansion
A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.
Five strategies for leveraging financial forecasting
In the dynamic world of business, financial foresight is not just a luxury; it’s an essential ingredient for success.
Closing on the inaugural Economic Crime Levy payment – What you need to know
As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment.
Best practices for business and personal finances
Mixing personal and business finances is a common mistake that many entrepreneurs, freelancers, and small business owners make.