4 Strategies to Help You Weather the US Tariff Increases
There may be opportunities ahead The US tariff saga has caused turmoil across global financial markets. Even though the UK’s main rate is a relatively low 10% (25% on British cars), many are concerned about what the effects will be on global supply chains, pricing and business confidence. What could this all mean for your […]
Are gloomy predictions getting you and your team down?
How to stay positive According to a survey of 2,000 businesses carried out by the Chartered Institute of Personnel and Development (CIPD), just over a third are planning redundancies or to recruit fewer people ahead of National Insurance and Minimum Wage rises this April. 42% of those surveyed have said they will increase prices to […]
An update on economic growth measures
Key speech from the Chancellor The Chancellor of the Exchequer, Rachel Reeves, delivered a key speech recently that served as an update on the government’s plans for delivering economic growth. The plan largely focused on developments proposed around Oxford and Cambridge as well as a third runway at Heathrow. Here are some of the highlights […]
An update on economic growth measures
Make sure you avoid any nasty surprises Conventional approaches to work and earning an income are changing and with the cost of living ever rising, many now use various ways to make some extra cash outside of their main job. If that’s true of you then you may wonder whether you need to pay tax […]
Base rate cut to 4.5%
Is this the start of a run of cuts? The Bank of England reduced their base rate to 4.5% last month, as had been widely expected in the days leading up to the decision. The decision was made by a 7-2 majority. The minority of two members were looking for the rate to be reduced […]
Three business rates agents suspended by VOA
Businesses urged to be cautious The Valuation Office Agency (VOA) have announced the suspension of three business rates agents. The suspension of Rateable Value Experts and Re-Rates UK was announced on January 2nd. Rate Masters Limited trading as ‘My Rates’ were suspended on January 22nd. The VOA have not specified the exact reasons for the […]
Crackdown on right to work checks
Are you compliant? Recent immigration enforcement activity has highlighted the need for employers to ensure their workers have the right to work in the UK. With thousands of enforcement visits, arrests, and hefty fines being issued, businesses that neglect their responsibilities risk serious consequences. Crackdown on illegal working Immigration Enforcement teams have been targeting sectors […]
New safety and security declaration requirements
Are you ready? Beginning 31 January 2025, entry summary declarations are now required for goods imported into Great Britain (GB) from the EU. This extends the already existing requirements to submit entry summary declarations for imports into GB from countries outside the EU and exit summary declarations for exports to the EU. To help businesses, […]
Inflation falls to 2.5%
What this means for your business Official figures released in January reveal that UK inflation fell slightly in December, down to 2.5% from 2.6% in November. While the drop is marginal, it has sparked discussion in the press as to whether this easing of inflation might prompt the Bank of England to consider cutting interest […]
New Fair Payments Code launched
Will it help you get paid quicker? The government’s promised new Fair Payments Code was launched last month to try and tackle late payment problems that can be particularly harmful to small businesses. How will the Fair Payment Code help? The code introduces a gold, silver, and bronze system that smaller firms can use to […]