The cost-of-living crisis can be a challenging time for businesses, with many additional costs being added to business expenses.
How to read a set of management accounts
In order to grow and succeed, you need to effectively manage your finances and monitor the health of your business.
What you need to know when setting up a business
Starting a business is an exciting venture and opens up opportunities and the chance to be your own boss.
How can I make best use of management accounts?
As a business owner, the financial health of your company plays a key part in every decision you make.
Sharpest house price fall in two years
The average house price in the UK fell at the sharpest pace since early 2021, according to figures from Halifax. Prices fell by 0.4% in October, which was the third decline in four months. The annual rate of growth in house prices fell to 8.3% from 9.8%. Across the UK, the average house price in […]
Autumn Statement: Slashing CGT huge blow to landlords
Capital gains tax (CGT) is a tax levied on the profit you make when you sell an asset that has increased in value. Currently, there is an annual exemption of £12,300, which means that you only have to pay CGT on any profit you make above this amount. However, from next year, the exemption will […]
Autumn Statement: Stamp duty cut will end in 2025
In September, the Chancellor of the Exchequer, Kwasi Kwarteng, announced a cut to stamp duty in the mini-budget. The tax break, which applied to properties worth up to £250,000, was initially introduced as a permanent measure. However, in the Autumn Statement, Chancellor Jeremy Hunt confirmed that the stamp duty cut will only remain in place […]
Councils given the flexibility to increase council tax and social rents capped at 7%
Jeremy Hunt announced that English local authorities will be able to increase council tax by 5% annually without a referendum. Following the Autumn Statement, local authorities will be allowed to raise council tax by 3%, and those which also have social care responsibilities can increase it by a further 2% (a total of 5%) without […]
How small businesses can navigate the festive period
For most small businesses, Christmas is the busiest time of the year, which has a large impact on yearly revenue.