Blog - Holeys

18-06-2025

Who is left holding the bill for the 2025 Spending Review?

Announced on 11 June 2025, the Spending Review is set to increase day-to-day spending from £517.5 billion in 2025/26 to £583.9 billion in 2028/29 and investment spending from

12-06-2025

Over 100,000 jobs lost – The cost of rising National Insurance on employers

The release of the latest employment data should serve as a wake-up call for business owners. Over 100,000 jobs were lost in May, the worst figure in

11-06-2025

Maximising trading losses with Corporation Tax relief

Managing trading losses effectively can transform periods of difficulty into strategic opportunities, yet many businesses remain unclear about how to achieve the greatest benefit from Corporation Tax

05-06-2025

Is your business ready to go viral? The financial risks (and rewards) of sudden success

The annual search for the UK’s most amusingly named small business is back, with entries flooding in for Simply Business’s £2,500 prize. Past contenders such as Lord

04-06-2025

Could the new IHT rules damage your business’s value on paper?

The Government’s decision to halve Business Property Relief (BPR) and Agricultural Property Relief (APR) from April 2026 is already changing how family businesses and farms operate. While

03-06-2025

Mandatory payrolling of Benefits in Kind delayed by HMRC

The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the extra responsibility

03-06-2025

Kittel VAT: How to control the uncontrollable

Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and this can

03-06-2025

Increased borrowing could mean increased taxes, experts warn

Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the Chancellor may have

03-06-2025

How to prepare for an unexpected economic recovery

The International Monetary Fund (IMF) has upgraded the UK's 2025 GDP growth forecast to 1.2 per cent, citing a strong first-quarter performance and signs of a recovering

03-06-2025

Identity crisis – Companies House begins to verify identities

On 8 April 2025, Companies House introduced identity verification for those who make filings on behalf of a business. It is currently a voluntary process, but will

03-06-2025

Too many sole traders are still missing out on their State Pension

How much State Pension you get depends on your National Insurance (NI) record when you reach the State Pension age. Gaps in your NI record could affect

03-06-2025

Three easy ways to manage your directors’ loan accounts

It is not uncommon for directors of a company to take loans from the business during each financial year, often to cover unexpected bills. However, you must