Starting next year, non-doms will face a tougher tax climate as Labour takes steps to fix what they see as outdated tax perks and overhaul Inheritance Tax (IHT) rules.
Month: July 2024
The ROI of investing in financial technology – Is it worth it?
As a UK business owner, you should always be looking for new ways to streamline your operations and enhance the efficiency of your business. In 2024, that means investing in financial technology, sometimes referred to as ‘fintech’.
Keeping your SME stable during economic uncertainty
There have been a lot of political changes in recent months, but the outlook for small and medium-sized enterprises (SMEs) remains gloomy.
Pension crisis looms, so how can business owners help their employees?
The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track for even a minimal retirement lifestyle rising from 35 to 38 per cent over the past year.
Is your business running a workplace nursery scheme? Key steps to remain tax compliant
HM Revenue & Customs (HMRC) has recently issued a warning to employers regarding the proper use of workplace nursery schemes.
Lessons from Gareth Southgate – Leadership insights for business owners
The recent resignation of Gareth Southgate as England manager, after an impressive eight-year tenure, marks the end of an era. Read More
Understanding the new process for PAYE refunds
The recent announcement by HM Revenue & Customs (HMRC) has introduced a change in the way PAYE refunds are processed.
Why the National Wealth Fund is a game-changer for SMEs
The recent announcement by the new Labour Government to introduce a National Wealth Fund has sent ripples of excitement throughout the business community.
Potential tax increases and their impact on businesses
In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.
The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.
Will Labour’s agenda in the King’s Speech signal major tax changes for businesses in 2025?
As the opening of Parliament approaches on 17 July, businesses across the country are bracing for the King’s Speech, which is expected to outline the Labour Government’s legislative priorities for the coming year.