THE LATEST NEWS AND EVENTS

HMRC delays agent services account approvals; 17% rise in scams targeting taxpayers; 1.1% gambling levy proposed for April 2025; and Government website tests chatbot for small businesses.

Planning for the future of your business is one of the most critical responsibilities of an owner. Business succession planning ensures your enterprise can transition smoothly to new ownership or leadership, safeguarding its continuity and success. Whether you’re passing the reins to a family member, selling to a third party, or considering other options, taking proactive steps can protect the legacy you’ve built. Here’s what you need to know about business succession planning, why it matters, and how to make the process seamless.

Managing finances can feel overwhelming, but it’s essential for your financial health and long-term success. This guide explains how cloud accounting works, its benefits for individuals and businesses, and how to get started. If you’re already working with an accountant, cloud accounting can make your collaboration even more efficient.

Double-cab pickups to be classed as cars under new HMRC policy; tuition fees set to rise for first time in eight years; Government champions health benefits of work in new initiative; and Bank of England cuts interest rates to 4.75%.

Saving for retirement can feel daunting for many self-employed people. Without the workplace schemes that salaried workers often rely on, self-employed individuals must take proactive steps to secure their financial futures. But with the right guidance, pensions can become a valuable tool for your retirement planning. We’ll walk you through why pensions are vital, your pension options as a self-employed person and some practical ways to maximise your retirement savings.

Budgeting is the backbone of any business, large or small, providing a roadmap for managing resources, anticipating challenges and setting realistic goals. For small and medium-sized enterprises (SMEs) especially, a robust budget can mean the difference between thriving and simply getting by. Let’s look at how to build a business budget that supports your financial health, plans for contingencies and prepares  you for the future.

The Autumn Budget 2024 tackles fiscal gaps with selective tax hikes on employers, personal wealth, and capital gains, while supporting low-income households and smaller businesses to balance growth with financial responsibility.

Private school VAT could affect 55% of parents; UK house prices near record high; IFRS15 meets expectations despite challenges; and Treasury rethinks Non-Dom tax status changes.

Small and medium-sized enterprises (SMEs) are often seen as the backbone of the economy, contributing significantly to job creation and innovation. As the world becomes increasingly interconnected, more SMEs are considering international expansion as a growth strategy. While this presents exciting opportunities, it also comes with its own set of challenges. We’ll explore how SMEs can expand internationally while managing risks and maximising potential.

Life is full of significant milestones – whether it’s getting married, buying a home or preparing for retirement. These moments can be both exciting and financially challenging. Without proper planning, they can  bring unexpected stress. That’s why financial planning is essential for navigating these changes with confidence.

New HMRC advisory fuel rates; crypto investors urged to review tax obligations; tax hike fears trigger asset sell-offs; and price of the average house increases in 2024.

Choosing the appropriate structure for your business is one of the first and most important decisions you will make. It affects everything from your tax obligations to the level of personal liability you will face, and even how you can raise funds. If you are thinking of starting a business, or restructuring an existing business, it is worth taking a closer look at the options available to ensure you make the best choice for your business.