News - Holeys

05-04-2024

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

13-03-2024

The Employment (Allocation of Tips) Act 2023 – Understanding the impact on pay in the hospitality sector

In a significant development for the hospitality industry, the Employment (Allocation of Tips) Act 2023 (the Act), which received Royal Assent on May 2, 2023, is set

13-03-2024

Economic Crime and Corporate Transparency Act 2023 – Companies House changes now in effect

The initial provisions of the Economic Crime and Corporate Transparency Act 2023 came into effect on 4 March 2024. These updates mandate that from 5 March 2024,

13-03-2024

Run your business from home? Get to know your VAT entitlement

If you are a business owner and work or run your business from home, then you may be entitled to reclaim VAT on certain costs. In practice,

13-03-2024

Holiday accrual to come in for zero-hours workers

Following changes to the Working Time Regulations 1998 in January 2024, further amendments are set to come into force on 1 April 2024 relating to leave entitlement

13-03-2024

Overhaul of non-dom tax status – What does it mean for those affected?

You may have already heard that the Chancellor, Jeremy Hunt, has announced an end to the preferential tax treatment that non-domiciled individuals (non-doms) currently receive. At the