Original artwork by local photographer W H Harding for more information click here
As a UK business owner, you should always be looking for new ways to streamline your operations and enhance the efficiency of your business. In 2024, that means investing in financial technology, sometimes referred to as ‘fintech’.
The issue of late payments has become a growing concern for small businesses. Recent data from Xero Small Business Insights reveals that, on average, payments were made 7.3 days late between April and June 2024. This is an increase of 1.8 days from the previous quarter. This marks the largest quarterly increase in late payments…Read More
Recently, there has been a significant increase in company closures due to petitions from creditors, particularly HM Revenue & Customs (HMRC). In 2023, forced closures rose by 63 per cent compared to 2022. This spike is mainly due to high interest rates making Covid-era debts hard to manage, along with HMRC’s backlog of cases. Many…Read More
Recently, many pensioners received surprising news: a tax bill for the first time. This stems from HM Revenue & Customs (HMRC) decision to send letters to over 140,000 pensioners, who have taxable income but are not filing Self-Assessment. In total, 560,000 pensioners will receive letters, covering the 2023/24 tax year. Why is this happening? The…Read More
In a bid to ease the regulatory burden on businesses, new thresholds for classifying company sizes have been announced. This change, introduced by the previous Government, could allow around 132,000 businesses to skip mandatory audits. Under the current plans, which may be subject to change, companies will be able to benefit from the threshold changes…Read More
The first Budget of the new Labour Government has been announced to take place on 30 October 2024. Ahead of the budget, Chancellor Rachel Reeves has announced that spending cuts worth £13.5 billion will be required over the next two years. She explained that this was due to the scale of the previous Government’s overspending,…Read More
King Charles delivered his speech to Parliament last month following the election, setting out the priorities of the new Labour Government for the months ahead. The speech included 40 pieces of legislation that the Government plan to implement. To help you understand what the next five years may hold, here are the details of all…Read More
The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track for even a minimal retirement lifestyle rising from 35 to 38 per cent over the past year.
HM Revenue & Customs (HMRC) has recently issued a warning to employers regarding the proper use of workplace nursery schemes.
The recent resignation of Gareth Southgate as England manager, after an impressive eight-year tenure, marks the end of an era.
The recent announcement by HM Revenue & Customs (HMRC) has introduced a change in the way PAYE refunds are processed.
The recent announcement by the new Labour Government to introduce a National Wealth Fund has sent ripples of excitement throughout the business community.
As the opening of Parliament approaches on 17 July, businesses across the country are bracing for the King’s Speech, which is expected to outline the Labour Government’s legislative priorities for the coming year.
When developing your business exit and succession strategy, you must consider all possible avenues, including those which might not seem so obvious. A management buyout (MBO) is one such approach that has gained traction for its flexibility and the ability to leave your business knowing that an experienced team is in place to run it.…Read More
Whether the hot weather lasts or not, summer is here to stay, bringing with it seasonal challenges and opportunities for business owners. You may think summer is business as usual, but many companies face disruption and delays due to: How deeply these issues or others impact your business depends on a number of factors, including:…Read More
Whether you're starting from scratch or have been in business for years you'll benefit from working with FFT advice on how to take you to the next level.
Celebrate National Payroll Week with FFT – Your partner in payroll excellence!
x
