The combination of these two changes means a potentially significant increase in payroll costs for businesses Businesses planning their headcount and budgeting payroll costs for next year will want to factor in the increased national insurance costs.

Currently it is possible to review your record going back to 2006, and where there is a gap, you can contribute From 6 April 2025, you will only be able to make voluntary NI contributions for the previous 6 tax years any payment will make to your State Pension and then make a payment for the years you would like to top any help in finding out whether you have any missing years and how much benefit you could get from a top up, please contact us and we would be happy to help you!

New data from the Office for National Statistics suggests that UK businesses are continuing to slow down Rising employment costs are a big factor. From April, employers have had to pay higher National Insurance contributions, and the national minimum funds or wage subsidies on offer in your area that could help with staff development and easing your costs

At Autumn Budget 2024, we were promised a consultation on the tax treatment of predevelopment costs. taxpayers and provides clarity on how capital allowances are treated on pre-construction development costs H M Revenue & Customs (HMRC) contended that this expenditure did not fit within the legal definition This would, for instance, rule out financing costs. government has digested the results of the decision, they may move to adjust the legislation rather than continue

Business For UK companies trading internationally, particularly SMEs, this change could reduce the cost Looking Ahead Businesses involved in regular cross-border activity - especially those drafting contracts

If you would like any help with completing your tax return, please feel free to contact us at any time

This could directly impact you if you depend on public sector contracts or subsidies. This may mean that the cost of imported goods and raw materials could go up. It's worth noting too that rising borrowing costs aren’t unique to the UK government. Rising costs have been with us for some time and cost management continues to be a key focus. If you would like help reviewing your financial strategies or need a cost audit, please contact us at

Did you know that HM Revenue & Customs (HMRC) provides an option to spread the cost of your tax bill Time to Pay is an HMRC service that allows taxpayers to spread the cost of their Self Assessment bill If your tax bill is less than £30,000, then a payment plan can be set up online without needing to contact If you owe more than £30,000, you’ll need to contact HMRC to discuss your options. See: https://www.gov.uk/government/news/festive-finances-budget-for-christmas-and-spread-the-cost-of-tax-bills

The healthier and fitter we are the better we work on our business. A healthier, fitter workforce are also much more likely to be productive and happier. Andrew Gwynne, Public Health Minister, said: “The NHS Couch to 5k app is a great way to get fitter and The app also now features ‘graduation’ content to help motivate people to make running a habit.

As a pensioner you were likely dismayed to learn that Winter Fuel Payments are now being restricted to The Winter Fuel Payment is a key benefit to help with increased heating costs during winter that was Credit not only boosts your income but also unlocks additional financial help, such as reduced housing costs , council tax reductions, and the Winter Fuel Payment. The importance of claiming before the deadline To receive this year’s Winter Fuel Payment, you need to

Furthermore, the top rate, or Additional Rate of Income Tax, set at 45 per cent for those earning more If your yearly income is above £50,270, you will be taxed at 40 per cent. As well as rates of zero per cent, 19 per cent and 40 per cent, the changes signify one of the easiest However, this will decrease to 19 per cent in 2027. For help with related taxation matters, contact our team today.

Martin Wheatcroft, external adviser on public finances to ICAEW, says: “The monthly public finances continue seven months to October 2025 has principally been driven by public sector pay rises, higher supplier costs