New company size thresholds

New company size thresholds

Following consultation, the Government has announced increased limits for company size thresholds. The aim is for this to be law by the summer. These are all part of further BREXIT freedoms and further deregulatory measures will be introduced to simply reporting. So...
The new 2024/25 Tax Year started over last weekend

The new 2024/25 Tax Year started over last weekend

Usually this results in an annual missive from Yvonne Downie asking you for your tax return data for the year ended 5 April 2024. You may be wondering why you have not yet received it. Well, this time we cannot blame the postman. Unfortunately, Yvonne is currently on...
Interest rate cuts are coming down soon

Interest rate cuts are coming down soon

The Bank of England boss Andrew Bailey has indicated interest rate cuts are coming down soon after the rate was left unchanged at 5.25% last month, the highest for 16 years. The Bank still needed to see inflation fall further, but last month’s fall to 3.4% was...
Good news on the UK economy

Good news on the UK economy

Last week came news the UK economy picked up in January, raising hopes it could be on its way out of recession. The economy grew by 0.2%, official figures show, boosted by sales in shops and online and more construction activity. On Wednesday more good news as...
A mixed bag of news on the UK economy last week

A mixed bag of news on the UK economy last week

HMRC MOVE GOALPOSTS ON DOUBLE CAB PICK UPS – THEN U TURN For many years double cab pick ups have been a popular alternative to a company car as they have been considered to be vans and therefore received a preferential benefit in kind charge. Well, last week...