Wages growing faster than inflation

Wages growing faster than inflation

Wages growing faster than inflation Latest figures released by the Office for National Statistics (ONS) show that average wages are continuing to grow faster than inflation. After adjusting for consumer price inflation (CPI), wages rose 3.4% between October and...
Surprise jump in inflation

Surprise jump in inflation

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...
AI The good and the bad

AI The good and the bad

AI The good and the bad Artificial intelligence (AI) continues to make headlines as businesses work out how to make effective use of it. The government is continuing to push for growth in the AI industry. Last week, it opened bidding so that local authorities can...
Should you be paying tax on your side hustle?

Should you be paying tax on your side hustle?

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...
Starting a business?

Starting a business?

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...
Avoiding the last-minute tax return rush

Avoiding the last-minute tax return rush

Avoiding the last-minute tax return rush: A guide for business owners on preparing next year’s tax return The annual self-assessment tax return deadline has just passed, and for many business owners, the experience may have been a mad scramble to gather documents,...