News - Holeys

02-05-2024

SME recovery continues as sustainability and growth take centre stage

In its latest research into the UK’s SME economy, NatWest Group has identified an encouraging trend among the country’s independent operators, as SME growth continues for the

02-05-2024

P11D – Remember to report before the July deadline!

With the 6 July deadline nearing, it is essential to understand the updated reporting requirements for Class 1 National Insurance Contributions (NICs) on benefits in kind (BIKs).

02-05-2024

High-income earners need to re-register for child benefit

Child benefit supports parents or guardians of children under 16, or under 20 if in approved education, by contributing towards the costs of raising them. Since January

02-05-2024

The rise of the higher rate taxpayer

The Government continues to freeze both the personal allowance and the higher-rate income tax thresholds – leading to an increase in the number of higher-rate taxpayers this

02-05-2024

Gratuities and tips – What the delay to the Employment (Allocation of Tips) Act 2023 means for you

The Department of Business & Trade (DBT) has released the finalised draft of the Code of Practice on Fair & Transparent Distribution of Tips – the next

05-04-2024

New tax year – New tax rules

With the start of the new tax year, taxpayers can expect significant changes that will directly impact their finances in the next tax year (2024/25). If you

05-04-2024

Redundancy regulations are changing – What it means for your payroll and policies

From 6 April 2024, UK redundancy rules will change, particularly surrounding pregnant employees and those on family-related leave. The new legislation extends the 'protected period' for redundancy

05-04-2024

HMRC income tax receipts rise by £2 billion

HM Revenue & Customs (HMRC) recently reported a £2 billion increase in income tax receipts, reflecting a strong self-assessment period and an evolving dynamic within the tax

05-04-2024

A third of UK business owners do not know their company’s value – do you?

New research by Marktlink suggests that around 33 per cent of UK business owners are unaware of the value of their company – only slightly lower than

05-04-2024

Are barriers to investment harming your productivity?

A survey by the Bank of England (BoE) and the Department of Business and Trade has identified a potentially significant challenge facing SMEs on their journey towards

05-04-2024

Five steps to growing your business, safely

There is an inherent degree of risk in any business growth strategy – but keeping this risk to a minimum can help you grow your business without

13-03-2024

What are the implications of MTD for ITSA for SMEs?

The introduction of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is going to create some upheaval within the SME sector. No doubt, some of