An increase in the monthly number of company insolvencies, as well as a rise in the unemployment rate and slow GDP growth, all highlight the continued financial strain facing businesses. The latest government statistics showing that corporate insolvencies in England and Wales increased by four per cent in January 2026, compared to the previous month. […]
We are extremely pleased to announce Ben Kilbride’s promotion to Associate as we continue on our growth journey. It is the latest in a series of recent promotions as we celebrate 65 years serving a wide range of businesses and individuals across Preston, Lancashire and wider North West. Ben, a former student of Nelson and […]
CHANCELLOR Rachel Reeves has warned the government is facing difficult choices as the clock counts down to her Autumn Budget. In her keynote speech at Labour’s annual party conference in Liverpool she pledged to keep “taxes, inflation and interest rates as low as possible”. However, there was also a hint that further tax rises may […]
The rise in employers’ national insurance contributions has had the biggest impact on small businesses, according to new analysis of official statistics. It has revealed that the number of job vacancies at small businesses fell by a fifth in the three months to July, compared to the three months to October. The examination of the […]
The government has unveiled its Small Business Plan to support small and medium sized firms (SMEs) across the country. Its measures include tackling the scourge of late payments with what it describes as “the most significant legislative reforms in 25 years”. Late payments are costing the UK economy £11billion a year and lead to the […]
A new service that allows individuals to verify their identity directly with Companies House is up and running. More than six million people will need to comply in the 12 months after identity verification becomes a legal requirement later this year. Anyone setting up, running, owning or controlling a company in the UK will need […]
The government has announced additional time for businesses to prepare for the introduction of mandatory payrolling for benefits in kind (BiKs) and taxable employment expenses. In a move that will be welcomed by hard-pressed small businesses, mandatory payrolling will be introduced from April 2027 rather than April 2026. HMRC says it has made the change […]
Chancellor Rachel Reeves confirmed a £2.2bn defence spending boost in her Spring Statement however it came on the back of a disappointing fall in forecasted economic growth. As widely predicted, there were no further tax increases or surprises for businesses, who were hit hard by the chancellor’s autumn Budget with its employers’ NI hike and […]
People looking to maximise their state pension by plugging gaps in their National Insurance record have contributed to a total of 68,673 years, worth £35 million, since April last year. HMRC’s analysis of the digital service available to fill gaps has shown that more than 37,000 online payments have been made. The average online top-up […]
HM Revenue and Customs (HMRC) is changing its systems to end emergency taxing pensioners on their retirement savings. It has announced plans to improve tax code processing for people as they start to receive their private pension. The changes, starting in April, aim to ensure people pay the correct amount of tax right from the […]
