Blog - Holeys

23-08-2023

Navigating estate planning and Inheritance Tax: what you need to know

HM Revenue & Customs (HMRC) recently announced that Inheritance Tax (IHT) receipts were up by £200 million between April to July 2023, making this a record high.

17-08-2023

The role of cloud accounting in modern businesses

In today's digital age, the way businesses manage their finances has seen a seismic shift, largely due to the introduction and growing popularity of cloud accounting. For

16-08-2023

Understanding Director’s Loan Account (DLA) and the risks involved

Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director's loans, and they are recorded

10-08-2023

Staying up to date with MTD for ITSA

In December 2022, the plans for Making Tax Digital for Income Tax Self-Assessment changed again, as the Government announced that instead, MTD ITSA would be introduced in

09-08-2023

Understanding tax obligations for charities

Knowing your charity’s obligations to HM Revenue & Customs (HMRC) is important, as you will have different requirements to standard businesses. Whilst charities are not exempt from

03-08-2023

Top tips for being a successful business owner amid financial challenges

Running a successful business in the UK is a challenging yet rewarding endeavour. As a business owner, you face unique opportunities and obstacles in this diverse and

02-08-2023

Everything you need to know about Government Start Up Loans

Starting your own business can seem daunting, especially when it comes to finding funding. However, the UK Government have backed Start Up Loans that are available to

27-07-2023

Beneficiaries could see inherited pensions taxed as new proposals by HMRC are published

Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income

26-07-2023

Research and Development Tax Relief Changes

The Government has recently updated some elements of the Research and Development (R&D) tax relief application process. Many SMEs will already be aware of the changes that

20-07-2023

Understanding ESG investments – What should you know?

The financial landscape in the UK, as well as globally, is in a constant state of change. The current focus is very much based around Environmental, Social,

19-07-2023

Adapting your business plan for the summer

With the summer holidays nearly here, small businesses, especially in the hospitality industry, face a distinct set of challenges. As the weather improves, people spend more time

13-07-2023

Ensuring your small business is prepared for the future

In the ever-changing business landscape that we see today, merely reacting to events as they occur is not enough. For your small business to thrive, you must