Looking to drive business growth? There are many types of business growth such as organic, strategic and mergers to name just a few. In this article, we explore how conducting regular management accounts can give business owners the financial information they need to...
In the Spring Budget, the Chancellor announced that a permanent extension will be made to tax relief for theatres, orchestras, museums and galleries. The government is also providing £26 million of funding to upgrade the National Theatre’s stages and infrastructure....
What is inheritance tax? The government imposes inheritance tax on the estate of a deceased person before distributing the assets to their heirs. It calculates this tax based on the value of the person's estate (the assets they own individually) above a certain...
To cut complexity and burdens from legislative reporting requirements, the thresholds for company sizes in the UK are being increased by 50%. Following the Spring Budget, it has been announced by the Prime Minister Rishi Sunak that the company size thresholds will be...
Well you can blame the Romans, especially Julius Caesar and Europe. Back in 1582 the Pope Gregory X111 commanded the change from the Julian calendar as there was a problem. It ran for 30 or 31 days for 11 months and it was only February that had 28 days (29 every 4...
Artificial intelligence (AI) is poised to revolutionise the practice of law, potentially reshaping the principles of common law, according to Sir Geoffrey Vos, the Master of the Rolls. Speaking at the Manchester Law Society, Sir Geoffrey offered an optimistic view of...
Government initiatives often shape the landscape of various sectors, and agriculture is no exception. Recent developments in the UK's environmental policies are set to bring significant changes to agricultural property relief (APR). Background In 2023, the UK...
Spring Budget 2024 Summary Chancellor Jeremy Hunt delivered his ‘Budget for Long Term Growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’. Lowering taxes The Chancellor made further changes to...
Today, Chancellor Jeremy Hunt announced his 2024 Spring Budget where he summarised the UK economic performance and announced his proposals for tax. We highlight below some of the key tax changes announced. National Insurance Contributions cut From April 2024,...
The cyber security criminals aren’t giving up, and they’re not just doubling down either. They are now tripling down. They even have virtual “ransomware supermarkets” for criminals to pop in and buy ransomware in a box with a set of instructions so even more criminals...
Government U-turn on double cab pickup tax After just one week the government has u-turned on plans to classify double cab pickup trucks as cars for tax and VAT purposes which would have resulted in huge tax increases. This U-turn comes after huge criticism from...
In the dynamic landscape of small business management, effective financial management is the key to sustained success. Accounting plays a pivotal role in this process, and thanks to the development of technology, accounting software has become a powerful tool for...