For many SME owners, the day-to-day running of a business is varied and requires one person to juggle many responsibilities.
Can your children work in your family business?
Six months until MTD pulls in one million more taxpayers: What you need to do now
There are now six months until the scope for MTD for Income Tax opens up to sole traders and landlords earning over £30,000 ahead of 6 April 2027.
Diesel and oil crisis: Is your business preparing for the unexpected?
A recent meeting with G7 leaders resulted in 100 million barrels of diesel and oil to be shared from reserves, following threats of oil embargoes and further price rises.
Andy Burnham unveils a £210 million package to regenerate high streets: The ‘punishing’ tax burden’s impact on the high street
In late September, Andy Burnham announced a £210 million cash injection into high street regeneration to convert vacant, derelict buildings into cafes and community hubs.
Are your finances at risk of cyber-attack? Planning for the worst
According to the latest Hiscox Cyber Readiness Report, almost two in five small businesses in the UK suffered a successful cyber-attack in the last year, with each attack costing an average of £26,650. Globally, cyber incidents cause around 32 hours of operational disruption a year on average. Cyber-attacks are no longer exceptional events, being viewed […]
Borrowing amongst SMEs is on the rise – preparing your business for finance
According to UK Finance, gross lending to SMEs from the main high street banks reached £5.35 billion in the second quarter of 2026, the highest quarterly level recorded since the pandemic. Real estate and professional service firms drove much of this growth, while manufacturers and hospitality businesses borrowed less. How can loans help SMEs? A […]
Medium-sized companies may qualify for audit exemption
The Department for Business, Innovation, Science and Trade (DBIST) initiated a ‘modernising corporate reporting’ consultation on 7 September 2026, which closes on 30 November 2026. Under the proposed overhauls, many medium-sized companies may be exempt from mandatory audits. This consultation forms part of a wider Government pledge to cut administrative burdens on businesses by 25 […]
How is the mansion tax distorting the housing market?
The so-called mansion tax is already beginning to have an impact on the UK housing market, despite the surcharge not being due to come into effect until April 2028. Under the new tax, formally known as the High Value Council Tax Surcharge, homes in England worth £2 million or more, based on their value as […]
Demystifying the changes to Benefits in Kind from 2027
Reforms to the Benefits in Kind (BIK) system have continued to change in recent years, as the Government prepares to roll out mandatory payrolling. From April 2027, businesses will be required to payroll BIK, but this will now be a phased approach, with the full reforms in place from April 2028. For employers who were […]
IHT pension reforms now only half a year away
We are now just over six months away from the long-anticipated reforms to Inheritance Tax (IHT), which will see unspent pensions included within a person’s estate from April 2027. First announced all the way back in the 2024 Autumn Budget, the move is expected to result in 10,500 more estates becoming liable for IHT in […]
