April 2025 will bring significant changes to both employer national insurance contributions (NICs) and minimum wage rates in the UK. These changes are part of the government’s efforts to address economic challenges and support workers’ living standards. Employer National Insurance Contributions Starting from April 6, 2025, the employer NICs rate will increase from 13.8% to…
With all of the revelations from the Autumn Budget, one major detail that slipped under the radar was that from 6th April 2025, double cab pick-up trucks will be treated as cars for the purposes of capital allowances, benefits in kind (BIK), and some deductions from business profits. These changes will apply to vehicles purchased…
The chancellor, Rachel Reeves, has delivered the first labour budget in 14 years. The Government had already set the scene that they had inherited broken public finances and broken public services, so we knew tax increases were coming. The Chancellor started her speech by declaring the 2024 Autumn Budget would generate an additional £40bn in…
The recent general election has ushered in significant changes to the UK’s financial landscape. The new Chancellor, Rachel Reeves, has announced that the Autumn Budget will take place on Wednesday 30 October 2024. Labour have suggested they will have to raise taxes in a bid to claw back some of the Government’s £22bn debt and…
With the technology behind electric vehicles improving year on year, it’s no surprise that switching to an electric car is an increasingly enticing option for drivers. As well as the environmental benefits, as a business owner, it could also make a lot of financial sense. The main financial advantages are: Extremely low benefit in kind…
We are excited to announce our sponsorship of Sonny Cox, a promising young talent at Exeter City Football Club. Getting to partner with local talent in a local sports club is something we are proud to be a part of. Sonny Cox has demonstrated exceptional skill and dedication since joining Exeter City’s academy at age…
The Spring 2024 budget is likely to be the last before the next general election and the majority of measures announced were broadly in line with what has been rumoured over the last few days. With the independent Office for Budget Responsibility (OBR) confirming inflation is set to fall to the government’s 2% target a…
Nick Grimes juggles work and studying for the ACA with captaining Taunton Town Football Club. He shares how he’s found a work-life balance while pursuing his passions on and off the pitch. As someone who grew up in a sport-loving family of finance professionals, it seems only natural that Nick would be drawn to both…
The 2023 Autumn Statement announced today, Wednesday 22nd November, has outlined some important changes for workers in the UK. With the Office for Budget Responsibility (OBR) predicting an ‘overall’ UK growth this year of 0.6%, and an expected decrease in inflation from 5.6% in October 2023 to 2.8% by the end of 2024, the Chancellor…
Trustee week is an opportunity to celebrate the good work that all our Trustees do. From a Charities perspective there are lots of things to think about when considering what you need from your board, have you done a skills matrix? What skills do you need to have represented? What time do the trustees have…