If redundancy strikes, you could receive up to £30,000 tax-free. Whether it’s statutory or a more generous employer offer, understanding your entitlements and the latest caps on weekly pay can make a real difference to your finances. There is a tax-free threshold of £30,000 for redundancy payments, regardless of whether the payment is your statutory […]
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The UK is making significant strides in promoting gender equality within its top companies. According to the latest FTSE Women Leaders Review, women now occupy over 43% of board positions across FTSE 350 companies, marking a notable increase from previous years. This progress underscores the UK’s commitment to fostering inclusive leadership and harnessing the diverse […]
On 24th February 2025, the Arbitration Act received Royal Assent, marking a significant milestone in modernising dispute resolution in England and Wales. This new legislation is set to bolster the UK’s position as a global leader in arbitration, attracting more international businesses and investments. Arbitration offers companies a quicker and more cost-effective alternative to traditional […]
In today’s digital age, online meeting platforms such as Zoom and Microsoft Teams have become an integral part of how businesses operate. Whether you are working remotely, collaborating with colleagues across different locations, or engaging with clients, these tools offer undeniable convenience. However, like any technology, they come with both advantages and disadvantages. Advantages of […]
Tax compliance has always been a necessary but time-consuming aspect of running a business. However, recent reports highlight a worrying trend: the cost of staying compliant with UK tax regulations is rising significantly. According to the National Audit Office (NAO), businesses are now spending at least £15.4 billion per year just to meet their tax […]
Since April 2024, over 37,000 individuals have proactively topped up their National Insurance (NI) records, collectively adding £35 million to their State Pension pots. This initiative has resulted in more than 68,000 years’ worth of contributions, with an average payment of £1,835 per person. Notably, 65% of these contributions cover gaps from 2017 onwards, leading […]
Enhancing Operational Efficiency One of the most effective ways to improve profitability is to review operational efficiency. Cutting unnecessary expenses, streamlining processes, and adopting cost-effective solutions can significantly reduce overheads. This might involve renegotiating supplier contracts, embracing automation for repetitive tasks, or outsourcing non-core activities such as bookkeeping or IT support. Optimising Pricing Strategies Pricing […]
The upcoming Spring Statement, scheduled for March 26, 2025, is shaping up to be a pivotal moment for Chancellor Rachel Reeves and the UK economy. Based on recent reports from the accounting press and national newspapers, here’s what we might anticipate: Economic Context and Fiscal Challenges The UK is currently grappling with sluggish economic […]
Cash flow is the lifeblood of any small business, and keeping an eye on certain indicators can help business owners spot potential trouble before it becomes a major issue. Here are the key cash flow warning signs that should raise concern: Declining Cash Reserves If your cash reserves are consistently shrinking, it’s a sign that […]