by adminjo | Feb 27, 2025 | Business, Business advice
Surprise jump in inflation: How to navigate your business Inflation figures for January 2025 were released last week and showed a surprising jump to 3.0%, up from 2.5% in December. The Office for National Statistics (ONS) reported that the largest upward contribution...
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 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...
by adminjo | Feb 6, 2025 | Business, Business advice
Is cash still king? The new economic secretary to the Treasury, Emma Reynolds, has said that there are no plans to regulate businesses, whether big or small, to compel them to accept cash. Concern has been raised about various shops and service firms not accepting...
by adminjo | Feb 3, 2025 | Business
New agreement with Switzerland to recognise professional qualifications A new agreement between the UK and Switzerland was announced last week that means UK-qualified business people will now find it easier to work in Switzerland and vice versa. The agreement applies...
