News - Holeys

06-02-2025

Will a minimum wage rise trigger unexpected student loan repayments?

From 1 April 2025, the National Minimum Wage will rise to £12.21 per hour (an increase of 6.7 per cent), meaning rising employment costs for businesses. For

06-02-2025

Received a ‘One to Many’ letter recently?

HM Revenue & Customs (HMRC) has recently issued One to Many (OTM) letters to private equity businesses and estate agents. These letters can be sent to any

06-02-2025

How to capitalise on the Government’s AI push

In January, the Government unveiled its Artificial Intelligence (AI) Opportunities Plan, outlining how the UK hopes to shape the AI trajectory by driving economic growth, enhancing public

06-02-2025

Budgeting for the unknown – Contingency strategies and tips for businesses

No matter how well-prepared you may think you are, things will not always go to plan. It could be a sudden shift in the market, supply chain

06-02-2025

Optimising your credit control policies to deal with chronic late payers

Despite repeated calls for reform, the Government has shown little support for tackling chronic late payments, leaving businesses to fend for themselves. One effective solution is to

06-02-2025

Fur and finance – Tax compliance in animal sales

If breeding and selling animals has turned into a source of income for you, you need to make sure your earnings are declared correctly to HM Revenue

07-01-2025

Is 2025 your year to incorporate? Here are our top tips

Nearly 900,000 companies were incorporated in 2024 – an 11.2 per cent increase compared to 2023. More entrepreneurs are recognising the benefits of limited companies. The advantages

07-01-2025

What are the risks with directors’ loans?

A director's loan is money taken out of a company by a director that is not a salary, dividend, expense reimbursement or money that has previously been

07-01-2025

Sole traders – Is there a benefit to van ownership?

As a sole trader, it is only natural to look for opportunities to save money and maximise your earnings. One effective strategy is to consider buying a

07-01-2025

Become an eco-conscious business – Taking advantage of Climate Change Agreements

Taking advantage of green tax reliefs is a good way to reduce how much Climate Change Levy tax (CCL) your business pays. To get these reliefs, your

07-01-2025

Confusion on savings interest – HMRC weighs in

HM Revenue & Customs (HMRC) has clarified that if your earnings from interest exceed £10,000, tax may apply depending on the account type. This clarification came when

07-01-2025

HMRC’s bookkeeping shake-up: New rules for 2025 and beyond!

As the 2025/26 tax year approaches, it brings several significant changes to HM Revenue & Customs’ (HMRC’s) rules that will impact your business operations, financial reporting, and