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Five business failures and the lessons they teach

Success in business is never guaranteed, even for brands that dominate their industry for decades.

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Are you ready for April 2025?

The new National Living Wage and National Minimum Wage rates come into force from 1 April 2025.

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7m take cash from pension pots since annuity rule changed

Over seven million savers have withdrawn billions from pension pots since rules were loosened in 2015, ending annuity constraints

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New legislation aims to drive building boom

The Planning and Infrastructure Bill has been introduced to Parliament. The legislation is being heralded as bringing transformative reforms to the UK building sector.

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Your voice could be your password

HM Revenue and Customs (HMRC) have plans to use a callers voice as their password in an effort to speed up phone calls.

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Higher tax threshold for side hustles: What could it mean for you?

Last week, the tax minister responsible for HM Revenue and Customs (HMRC), James Murray, and announced plans to increase the Income Tax Self Assessment (ITSA) reporting threshold for gross income from £1,000 to £3,000.

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Public Procurement Act to give more opportunities to small businesses

The Public Procurement Act 2023, originally set for implementation on 28 October 2024, has now officially come into force.

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Companies House and HMRC to close free joint filing service

On 6 March HMRC announced that the free online accounts and company tax return service will be closed on 31 March 2026, meaning small businesses will have to use commercial software

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Plug-in van grant extended for another year

The Future of Roads Minister, Lillian Greenwood, has confirmed that the plug-in van grant will be extended for another year.

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Making Tax Digital for Income Tax

With just over a year to go before Making Tax Digital for Income Tax (MTD for IT) is mandated, now is the time to consider whether your business will be required to comply with the new requirements from 6 April 2026.

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Pressure on chancellor despite government surplus

The latest figures show that the government had a surplus of £15.4 billion in January. This represents the difference between the tax it receives and what it spends.

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Business Rates Relief confirmed for 2025/26

A letter from the government’s Non-Domestic Rates Team to councils has confirmed the Business Rates Relief measures for 2025/26 announced at the 2024 Autumn Budget

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Surprise jump in inflation: How to navigate your business

Inflation figures for January 2025 were recently released and showed a surprising jump to 3.0%, up from 2.5% in December.

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Gloomy predictions: How can you maintain confidence?

According to a survey of 2,000 businesses carried out by the Chartered Institute of Personnel and Development (CIPD), just over a third are planning redundancies or to recruit fewer people ahead of National Insurance and Minimum Wage rises this April.

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Wages growing faster than inflation

Latest figures released by the Office for National Statistics (ONS) show that average wages are continuing to grow faster than inflation

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Proposals on new energy saving requirements for landlords

The UK government is consulting on changes that will require private landlords in England and Wales to meet higher energy performance ratings by 2030.

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Should you be paying tax on your side hustle?

Conventional approaches to work and earning an income are changing and with the cost of living ever rising, many now use various ways to make some extra cash outside of their main job

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Rises to national minimum wage confirmed

Legislation has been laid before Parliament confirming that the new National Living Wage and new Minimum Wage rates will take effect from 1 April 2025.

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Are you thinking about starting a new business?

Starting a business in the UK is an exciting venture, but it comes with financial, tax, and accounting responsibilities that you must navigate effectively

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Duty changes for the alcohol industry

February saw changes for the alcohol industry come into force that particularly affected winemakers.

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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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