Farm businesses are being urged not to panic or make knee-jerk reactions following the Autumn Budget but to instead consider their options and take a measured approach.
Following the Chancellor’s recent budget, businesses in the hospitality sector will need to prepare as best they possibly can for the changes announced, many of which come into effect from April 2025.
New figures from GCHQ’s National Cyber Security Centre (NCSC) and Action Fraud have revealed rising losses to online scammers during the festive shopping season.
The need to generate regular, timely financial information - both for internal management and external stakeholders - can be time consuming and complex, especially when pulling together data from a range of sources. Should you outsource your finance function
Changes announced in the Autumn Budget present a number of challenges to business owners, ones which cannot be ignored and require some careful consideration and planning.
One area that was not covered in the Budget was salary sacrifice. This remains a viable solution to employers in shaping the remuneration packages for staff in a way that helps to minimise National Insurance costs for the business, and in many cases, reduces the tax and/or National Insurance deductions suffered by employees on their pay and benefits.
If property you own is occupied by a corporate tenant who enters into an insolvency process, there may be restrictions on the way you can recover debts and minimise future losses.
Significant changes to Inheritance Tax (IHT) were announced in the Autumn Budget, however there are steps that can be taken in most cases to reduce or eliminate increased IHT liabilities.