From 6 July 2022, the Primary Threshold (PT) for National insurance will increase to £12,570. This is the threshold at which employees begin paying National Insurance contributions (NICs). This will bring the rate in line with the current rate of personal allowances for income tax and means those earning below this amount each year will […]
Loans to small businesses drop to lowest level on record
Banks have been accused of “pulling up the drawbridge” on lending to small businesses.
Construction subcontractors: All you need to know about payments
If you are a contractor working in the construction industry you are likely to rely on the services of subcontractors – but what rules do you need to consider when paying them?
How can you finance a new business?
Financing a new venture is a challenge, even harder in the current climate of high inflation, global uncertainty and the backdrop of war in Europe. Difficult, but not impossible. With planning, careful research and the right advice, you should be able to find the finance that is right for you. If traditional funding is difficult, […]
Looking to start a new business? You aren’t alone
The majority of adults will have flirted with the idea of starting a business and becoming the next Branson or Musk. That idea would have been firmly buried for many during the pandemic, but new figures show that nearly 13 per cent of UK adults are running fledgling businesses, according to research, the highest percentage […]
Dividends V Salary: Making profits pay for your salary
We all want to keep more of our hard-earned money. For business owners, it can be a difficult balancing act to find the most tax-efficient way to get paid from the company’s profits.
Spring Statement 2022
Exactly two years since the first lockdown was announced, the eyes of the public were firmly fixed on the Chancellor, Rishi Sunak, as he rose to the despatch box in the House of Commons to deliver his Spring Statement. Yet again, Mr Sunak found himself addressing MPs against a background of crisis, with the residual […]
British IPOs raise more in 2021 than in any other year since 2007
British initial product offerings (IPOs) raised more funding in 2021 than in any other year since 2007, figures have revealed.
Top tax tips to help your business save money
Whether you are setting up a new business, or already have a successful, well-established company, there are many ways that you can save money through tax reliefs and allowances. Certain tax initiatives even allow business owners to save money that can be invested in their company. Enhanced Capital Allowance (ECA) Enhanced Capital Allowance (ECA) schemes […]
