New company car advisory fuel rates have been published and took effect from 1 December 2023. The guidance states: ‘you can use the previous rates for up to one month from the date the new rates apply’. The rates only apply to employees using a company car. The advisory fuel rates for journeys undertaken on or… Read more…

UK inflation fell to a two-year low while the base rate of interest was unchanged by the Bank of England for the second month in a row. The Office for National Statistics (ONS) found that the UK’s rate of Consumer Price Index inflation fell to 4.6% from 6.7% in September. The ONS found that a… Read more…

The Real Living Wage is set to increase by 10%, the Living Wage Foundation has announced. The rate will rise to £12 an hour across the UK and £13.15 an hour in London. The increase will affect over 460,000 people working for 14,000 Real Living Wage employers across the UK. Unlike the National Living Wage… Read more…

The UK government has agreed an ‘historic’ commitment with 48 countries to combat criminals using crypto assets to evade tax. The landmark agreement follows on from the UK’s tax deal made in 2021 to clamp down on corporate tax avoidance and ‘ensure the right tax is paid in the right place’. The new Crypto-Asset Reporting… Read more…

HMRC is ‘Making Tax Difficult’ for taxpayers as Making Tax Digital (MTD) adds to the burdens they face, according to a report by the Public Accounts Committee (PAC). The report says that HMRC has lost sight of the need to put taxpayers at the heart of changes to the tax system. The PAC says that… Read more…

The tax cuts announced in the 2023 Autumn Statement won’t prevent tax revenues rising to their highest ever levels, the Institute for Fiscal Studies (IFS) has warned. The IFS stated that announcing tax cuts in response to ‘highly uncertain’ changes in assumptions about the UK’s medium-term economic prospects ‘does not feel like a recipe for… Read more…

The changes to National Insurance contributions (NICs) announced by Chancellor Jeremy Hunt in the Autumn Statement will help to ‘ease the burden on strivers up and down the country‘, according to the Federation of Small Businesses (FSB). Mr Hunt used his Autumn Statement speech to cut the main rate of employee NICs from 12% to… Read more…

Chancellor Jeremy Hunt used his Autumn Statement to make Full Expensing permanent for those businesses investing in IT equipment, plant and machinery. The Chancellor said he was aiming to stimulate economic growth and highlighted 110 measures for businesses in the Statement. Full Expensing was first announced in the March Budget and was scheduled to last… Read more…

We’re excited to share that Dr. Anjulika Salhan is featured in a fantastic article on the Mirror Review website. The piece delves into her remarkable journey, exploring her early career and the amazing individuals who have inspired and guided her to where she is today. Dr. Salhan is passionately dedicated to supporting small businesses, and… Read more…

In an era where technology continuously reshapes the way we work, communicate, and even live, it comes as no surprise that the realm of Human Resources (HR) is also undergoing a profound transformation. The HR department, once known for its hefty paperwork, manual routines, and never-ending administrative duties, has transformed into a place of streamlined… Read more…