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Manufacturing Tax Planning: Key Considerations for the 2026/27 Tax Year
FRS 102 Changes From 1 January 2027: What Businesses Need to Know
[email protected] The upcoming FRS 102 changes will affect how some UK businesses present their profit and loss account from 1 January 2027. It only impacts those companies that choose to present adapted formats for their profit and loss accounts, rather than the...
Amendments to FRS 102 from January 2026
[email protected] For periods commencing on or after 1 January 2026, FRS 102, the accounting standard used by most unlisted companies in the UK, is being significantly updated. Early adoption is permitted, although we have seen very few examples of this. The two...
Why Starting Your Career In Accountancy With Hawsons Sets You Apart
[email protected] Choosing what’s next isn’t always easy If you're in your final year at university, you're most likely juggling coursework, exams, deadlines, and a dozen decisions about your future. This can often feel overwhelming even before people start asking you...
Increase to Company Size Thresholds
UK company size thresholds have increased with effect for periods commencing on or after 6 April 2025. This change was initially announced in 2024, and has now come into force after a delay caused by the change in government last year. The new thresholds have reduced...
New UK car sales exceed 1 million for first time since the pandemic
New UK car sales exceed 1 million for first time since the pandemic Car sales statistics for new UK car sales exceed 1 million in the first half of 2024. The first time this has happened since the pandemic, providing optimism for the car market. Business and Fleet...
Overcoming the manufacturing skills gap
The manufacturing sector is at a crossroads. A very innovative industry with undertaking significant technical advancement but struggling with growth limiting skills shortages. This is a problem that needs to be addressed as the potential of the manufacturing industry...
UK manufacturers expect growth in second half of 2024
UK manufacturers are looking forward to a good second half of 2024 as orders and output are expected to rise. Despite the challenges of a skills shortage, the sector is upbeat about its prospects. According to a recent Make UK survey, the trade body for manufacturing,...
Government launch Critical Imports and Supply Chain Strategy
Responding to recent import and supply chain challenges, on 17 January 2024 the UK government launched the Critical Imports and Supply Chain Strategy, an initiative aimed at improving the nation's ability to adapt to global disruptions in the face of adversity. ...
UK government publish Advanced Manufacturing Plan
On 26th November, HMRC's Department for Business & Trade unveiled its much-anticipated Advanced Manufacturing Plan. This plan was released shortly after the chancellor announced £4.5 billion in funding for growth and innovation in the manufacturing sector. The...
Manufacturing challenges 2024 – manufacturers show increased optimism
Challenges for the manufacturing sector in 2024 As we start 2024, the manufacturing industry finds itself at a crossroads of various customer demands, technological advancements and sustainability imperatives. Whilst this may present opportunities, it will also leave...