by adminjo | Feb 21, 2025 | Business advice
Should you be paying tax on your side hustle? Conventional approaches to work and earning an income are changing and with the cost of living ever rising, many now use various ways to make some extra cash outside of their main job. If that’s true of you then you may...
by adminjo | Feb 20, 2025 | Business, HMRC, Self Assessment, Tax Penalties
HMRC late payment interest rates to be cut Following the reduction in the Bank of England base rate, HM Revenue & Customs (HMRC) have confirmed that their interest rates will be reduced accordingly. Late payment interest will reduce to 7% from 7.25%. Repayment...
by adminjo | Feb 17, 2025 | Business, Business advice
Starting a business? Starting a business in the UK is an exciting venture, but it comes with financial, tax, and accounting responsibilities that you must navigate effectively. Understanding what you will need to do from the outset will help make sure that you don’t...
by adminjo | Feb 14, 2025 | Living Wage
Rises to national minimum wage confirmed Legislation was laid before Parliament last week confirming that the new National Living Wage and new Minimum Wage rates will take effect from 1 April 2025. While many businesses are feeling and have expressed concern about the...
by adminjo | Feb 12, 2025 | Business
Base rate cut to 4.5% The Bank of England reduced their base rate to 4.5% last week, as had been widely expected in the days leading up to the decision. The decision was made by a 7-2 majority. The minority of two members were looking for the rate to be reduced to...
