Blog - Holeys

29-10-2024

Why regular financial forecasting is so important

If you want to secure the long-term success of your business, we highly recommend doing some financial forecasting. Whether you are managing growth, anticipating seasonal fluctuations, or

23-10-2024

MTD for ITSA – When will you have to report and what you need to know

You may already be familiar with Making Tax Digital (MTD), but the extension to Income Tax Self Assessment (ITSA) is something many self-employed individuals and landlords need

22-10-2024

The impact of extending the Income Tax threshold freeze

A recent report from the Financial Times has indicated that Chancellor Rachel Reeves may extend the freeze on Income Tax thresholds. This will likely be announced in

17-10-2024

What happens if tax reliefs for SMEs and farms are cut in the impending Budget?

It is the world’s worst-kept secret at this point, but if you have not already heard, the Budget is approaching and is likely to be “painful”. Tax

16-10-2024

Could the Budget affect dividend tax? A closer look at potential impacts

Dividends have long been an important income stream for investors, business owners, and retirees alike. However, with the Government facing financial pressure to plug gaps in the

11-10-2024

How to avoid Lifetime ISA withdrawal penalties from HMRC

Lifetime ISAs (LISAs) have become a popular way to save for a first home or retirement, offering a 25 per cent Government bonus on contributions. However, if

10-10-2024

What pension tax reforms could we see in the October Budget?

For months, there was speculation that the upcoming Budget could bring major changes to pension tax relief, specifically a move towards a flat rate of tax relief

02-10-2024

What are PAYE Settlement Agreements and how can they benefit employers?

PAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions (NICs) on specific benefits provided to employees.

26-09-2024

IFRS S1 and S2 and the future of ESG reporting standards

Sustainability has become a core part of how businesses are expected to operate, whether we like it or not. You might think that all the talk about

25-09-2024

How changes in tax receipts and National Insurance may affect you

With tax and National Insurance (NI) receipts making headlines, many people are understandably concerned about what this means for their tax obligations. Recent data from HM Revenue

17-09-2024

HMRC updates bank details for tax payments – What businesses need to know

Keeping up with tax payments is something every business owner knows is important. On that note, HM Revenue & Customs (HMRC) has recently updated its payment details

12-09-2024

How to effectively manage business expenses and improve profitability

Effective expense management is key to driving profitability in any business. Whether you're a small start-up or an established company, keeping a close eye on costs can