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Salary vs dividends: The best way to extract profit in 2025/26

If you trade as a limited company, then you will likely know that balancing salary and dividends is key to extracting profit from your company in the most tax-efficient way.

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New reporting requirements for online platforms

New changes come into effect from January 2025 where online platforms, such as eBay and Airbnb, will start sharing some user sales and personal data with HM Revenue and Customs (HMRC).

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Are you employing seasonal winter staff?

In the run up to the winter holidays, you may be considering taking on additional temporary staff to help with the workload.

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Get Britain Working White Paper: Reforms to employment support announced

The government has unveiled some significant reforms to employment support, underpinned by a £240 million investment.

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Business rates reforms continue: What it means for you

The government has now published the legislation to deliver the business rates changes announced in the recent Budget

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HMRC Advisory Fuel Rates for Company Car users from 1 December 2024

HMRC has cut advisory fuel rates for company users of petrol and diesel cars, leaving electric rates unchanged

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Government proposes crackdown on “subscription traps”

The UK Government has launched a consultation to tackle so-called “subscription traps,” aiming to make it easier for consumers to cancel unwanted subscriptions and secure refunds

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Help for the high street: New powers for councils

Next month, councils across England will be given new powers to transform high streets by tackling long-term empty shops.

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Make Work Pay: What are the next steps

Since coming into power, the Labour government has made its Make Work Pay plan a centrepiece of their policies. As a result, we have already seen a number of changes being proposed and implemented.

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Agricultural and business property relief: What happened in the Budget?

Changes to inheritance tax were announced in the Budget that have caused consternation to farmers and business owners across the UK.

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Funding granted to small businesses on rural transport projects

The UK government has awarded £1.2 million in funding to small businesses for projects to boost transport links in rural areas.

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Base rate drops to 4.75%

As had been widely expected, the Bank of England reduced the interest base rate to 4.75% last week.

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National Minimum Wage increases for April 2025

The government has announced the new National Minimum Wage (NMW) rates that will apply from 1 April 2025.

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Why staying up-to-date with your accounts is essential

In a recent court case, a company director from Bury was sentenced to prison for failing to comply with basic accounting and legal responsibilities.

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Businesses count the cost of increases to Employers National Insurance

From 1 April 2025, the rate for Employers National Insurance (NI) will increase from 13.8% to 15%.

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Employment Rights Bill progresses and consultations are launched

Following the release of the Employment Rights Bill, its Impact Assessment was published last week showing that the new Bill will have a “positive direct impact on economic growth.”

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Having trouble with your banking?

A strong relationship with your bank is a crucial part of the success and stability of your business.

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What will the Budget bring?

With the Budget coming on 30th October, speculation is increasing on what changes will be announced.

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New government grants to boost research on AI risks

Researchers in the UK are being offered new funding opportunities to explore ways of making society more resilient to the risks posed by Artificial Intelligence (AI).

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Is your website compliant with cookie laws?

Is your website giving visitors a fair and informed choice when it comes to how their personal data is used?

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How can we help you?

Brearley & Co Accountants are pleased to offer a free, no obligation, initial consultation with one of our experts who will be happy to discuss your business needs and how we can help you.

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