The Government’s Employment Allowance scheme is an opportunity all businesses can explore but it is important to check if your business fits the eligibility criteria.
Author Archive: Muhammad Zia
A new online service for over 35 million UK taxpayers to control their tax affairs, but why the change?
HM Revenue and Customs (HMRC) have begun to roll out its ambitious Transformation Roadmap and the first announcement from this, is a brand-new system for workers to take control of their tax affairs.
Government borrowing at record high – how will your business be affected?
Anyone even tangentially involved in UK economics will have noticed that the future is not looking bright.Continue reading
Lack of data on UK billionaire tax figures is a concern for all
The Public Accounts Committee (PAC) are seeking clarity and understanding after their report revealed HM Revenue and Customs (HMRC) cannot identify how much tax is paid by UK billionaires.
Why is Wealth Tax a hot topic of discussion?
As the Autumn Budget approaches, there is plenty of noise surrounding Rachel Reeves’ plans for current tax rates, whether there will be increases, freeze extensions and the potential introduction of new tax rates.
Client spotlight: Foxton Centre
We are always keen to highlight the terrific work that our clients do, and the team at The Foxton Centre have been doing some exciting things lately.
The Foxton Centre has been at the heart of Preston, providing support and opportunities that transform the lives of local young people and their families, homeless people, and vulnerable women for over half a century.
Last month, The Foxton Centre opened its £2 million Youth and Community Centre in Avenham.
The new centre takes the place of the one originally built by Reverend Brian Foxton in 1969 and will continue to serve the community with a fresh lease of life.
What makes the new centre truly special is that it was designed by the very young people for whom the centre operates.
The Youth Forum, comprising over 15 children, led the design work and shaped the full specification of the building from the layout and décor to the functionality and fittings of each room.
A mezzanine floor is the centrepiece of the new centre and provides the space to hold multiple indoor sessions at the same time.
Outdoor events and gatherings will be hosted on the first-floor balcony, and the new centre also has a dedicated gaming room, training room, and dance space.
To complement the new building, The Foxton Centre have also launched the Friends of Foxton campaign.
This initiative offers an outstanding opportunity for organisations to:
- Leave a meaningful legacy by supporting life-saving services that reshape communities
- Build valuable networks through events and campaigns that unite like-minded champions of social good
- Demonstrate ESG leadership by aligning corporate values with tangible outcomes for local people
- Unlock media and marketing opportunities, proudly showcasing a commitment to Preston’s social fabric
We are proud to continue supporting The Foxton Centre and would strongly encourage you to become a Friend of Foxton.
For more information on the incredible work The Foxton Centre do, check out their website or speak to our team today.
App of the month: Pleo
This month, we are highlighting Pleo, a company spending app.
Trusted by 37,000 customers, Pleo is the smart, effective way of taking control of, and monitoring, your company’s spending.
Why use Pleo?
Pleo allows businesses to create smart cards that are tailored to the needs of any individual working for the business.
These cards can have individual spending limits set so that you never have to worry about employees accidentally accruing large debts on the company cards.
Spending with these cards is also tracked using the app, so no more waiting for receipts or credit card statements to discover your company’s financial activity.
Pleo also streamlines your invoices, ensuring that you can carefully monitor and track each one and build a better relationship with your suppliers.
All reimbursements can be handled through the app, meaning that you can monitor any out-of-pocket spending and respond to it quickly and decisively.
Pleo’s integration with some of the leading financial apps, like Xero, makes it an essential part of any business’s financial strategy as it can assist you with the finances you already compile.
The 0.75 per cent cashback offered by the app also enhances the avenues by which your company could save money.
The cashback may end up saving you more money than the subscription price to access it, this might make it feel like you are getting the best features of the app for free.
Saving your money and the planet – How businesses can handle environmental taxes
In addition to rising operating costs and economic uncertainty, many businesses are finding themselves at risk of losing out due to environmental taxes.
Income Tax won’t rise according to Treasury minister – but could a further freeze be on the way?
With speculation increasing and showing no signs of slowing down surrounding the potential for Rachel Reeves’ Autumn Budget to increase taxes, one Treasury Minister has spoken today, suggesting the ‘headline’ rate of income tax will not increase later this year.
Are you on HMRC’s radar? The rising cost of money laundering compliance breaches
HM Revenue & Customs (HMRC) recently published its latest round of penalties for businesses breaching money laundering regulations, and the numbers should make any business owner sit up and take notice.
