Latest Business News
£4.4bn lost to the heat: Is your business ready for the next heatwave?
With temperatures breaking 30 degrees on multiple occasions in 2026, scorching heat is becoming the new normal. Consecutive heatwaves have wiped £4.4 billion from the UK economy, according to research from think tank Verdant. Heatwaves are predicted to become more
Apprenticeship funding has changed – What does this mean for your next hire?
New funding rules for apprenticeships have been introduced, impacting any apprenticeships starting after 1 August 2026. This could affect more employers than before as apprenticeships are becoming increasingly popular, with 308,770 starts between August 2025 and April 2026, up 8.7
Reckless tax statements: How could an honest mistake become criminal?
In June 2026, the Government published a document to gather views on the introduction of a criminal offence for making reckless or untrue statements relating to tax. The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that
Gifting out of income – The overlooked way to reduce Inheritance Tax
For many people, giving financial support to family members is an important part of their financial planning. Whether it is helping children with pension contributions or providing ongoing assistance, gifting can play an important role in Inheritance Tax (IHT) planning.
Inflation increases to a four-month high – How will businesses be impacted?
The rate of inflation has hit 2.9 per cent in July 2026, up from 2.6 per cent in June, according to the latest data that has been published by the Office for National Statistics (ONS). This is the first rise
Sequencing short-term finance effectively is vital for avoiding the interest trap
For many businesses, short-term finance can provide an essential lifeline when cash flow becomes tight. Whether a business needs support covering a gap between paying suppliers and receiving customer payments, or managing seasonal demand, the right type of finance can
New proposals recommend regular ITSA tax payments from 2029
A new consultation paper from the Government has set out how Income Tax Self Assessment (ITSA) payments could move to a more regular, in-year footing. The new proposals, which formed part of the latest Tax Update, follow on from recommendations
MTD is here – What happens if you miss the first deadline on 7 August?
Making Tax Digital (MTD) for Income Tax became mandatory this year for sole traders and landlords with qualifying income over £50,000 and the first quarterly update deadline hits in August. Meeting the deadline The first quarterly update period runs from
Parents with teenagers could lose out on Child Benefit after 31 August
If you or any of your employees have children aged 16 to 19, it is worth noting an important HMRC deadline that could affect household finances. What is changing? Child Benefit automatically stops on 31 August after a child turns
Summer season success: Don’t get caught out by the unique payroll requirements of seasonal workers
Seasonal workers are the backbone of many British businesses during the busy summer months. However, employers must understand the unique payroll responsibilities for these workers to ensure that they are being paid correctly. Setting up seasonal workers It can be