by Gary Woosey | Mar 6, 2024 | Tax
The latest Budget was an important speech for the Chancellor, Jeremy Hunt, and his Government, as he laid out key measures likely to affect his party’s success at the ballot box later this year. Although a date for the next general election is still yet to be...
by Gary Woosey | Mar 5, 2024 | Blog, Finance, SME, SMEs, Tax
Investing in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level. However, overhauling business processes and purchasing new, greener assets can present a significant cost to SMEs and...
by Gary Woosey | Feb 20, 2024 | Finance, Government, Tax
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners. HMRC had...
by Gary Woosey | Jan 16, 2024 | Blog, Payroll, Tax
If you employ one or more people for paid work, it’s essential that you have a properly managed payroll. Representing a significant cost to businesses and of high importance to employees, labour costs must be managed correctly – which includes paying the right amount...
by Gary Woosey | Dec 19, 2023 | Blog, SME, Tax
Hybrid vehicles are becoming an increasingly attractive option for businesses. With changes in company car tax bands and the environmental benefits they offer, hybrids are a step towards sustainability and a smart financial decision. Understanding company car tax ...
by Gary Woosey | Nov 28, 2023 | Blog, SME, Tax
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area. With this in mind, compliance has never been more important....
