Home News Business News

Business News

Buying a second home: what should you think about?

As accountants, we are often asked about the financial and tax implications of buying a second home.

Read More

Financing business asset purchases: Lease, Contract Hire or Hire Purchase?

Choosing how to finance your new asset doesn’t have to be complicated. By considering your businesses cash flow, how long you’ll need the asset, and whether ownership matters, you can pick the best option for you.

Read More

Reforms to leasehold properties becomes law

The Leasehold and Freehold Reform Act has become law and will affect owners of freeholds for leasehold properties as well as house builders.

Read More

Workers urged to check tax codes following 'costly mistake'

The government has urged millions of UK workers to check their tax codes following a 'costly mistake' which could result in lower salaries.The caution comes in the wake of incidents where workers have inadvertently paid too much tax on their earnings, despite not being at fault.

Read More

New planning rules reduce red tape for farmers

New planning laws that have come into force simplify the conversion of unused farm buildings into new homes, farm shops, and gyms.

Read More

HMRC advisory fuel rates for company car users from 1 June 2024

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2024.

Read More

Warning on scam letters impersonating Companies House

Scammers are targeting business owners using a letter asking for a £48 payment to access enhanced web filing on the Companies House register

Read More

WorkWell: £64M Initiative for Workplace Health

The UK government has announced a new initiative aimed at helping people with health conditions stay in or return to work.

Read More

Investing in an Unquoted Trading Company

If you are considering lending money to, or subscribing for shares in, an unquoted trading company then, like many investments, there is always a risk that you may lose your money.

Read More

Updated VAT road fuel scale charges from 1 May 2024

From 1 May 2024, the VAT road fuel scale charges will be updated. The new rates will need to be used from the start of the next VAT accounting period that begins on or after 1 May

Read More

Are training costs tax deductible for the self-employed?

HM Revenue & Customs have recently updated and clarified their guidance on training costs paid by the self-employed.

Read More

Salary Sacrifice: A Win-Win for Business & Employees

Salary sacrifice can be a useful tool for saving taxes for both businesses and their employees.

Read More

Tax implications: Limited Company vs Sole Trader

When starting a business, or indeed as an established business, choosing the most suitable legal structure for your business is an important thing to consider.

Read More

Companies House increases registration fees

From 1 May 2024 fees for registering a new company are set to rise significantly for the first time since 2016

Read More

HMRC advisory fuel rates for company car users from 1 March 2024

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 March 2024

Read More

Tax scam phone calls, emails and text messages

HM Revenue and Customs (HMRC) have recently published updated their guidance on how to identify tax scams made by phone, email, or text.

Read More

HMRC targets undeclared dividend payments

Company directors suspected of earning dividends without declaring their taxable income are being contacted by HMRC

Read More

Holidaymakers will be charged Greek climate tax

The Greek government has introduced a climate resilience tax on accommodation booked by tourists, charged on a nightly basis

Read More

Minimum wage rates increase from 1 April 2024

Employers should be aware that all minimum wage rates increase on 1 April of each year. For 2024, these increases are substantial. The increases apply to all National Minimum Wage rates and the National Living Wage rate.

Read More

National Minimum Wage - HMRC Offer Compliance Support to Employers

HMRC has released their December issue of The Employer Bulletin with important updates on the National Minimum Wage and their offer of Compliance Support for employers

Read More

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.

Contact