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Abolition of Furnished Holiday Let Regime
If you own furnished holiday home, you may need to take action before 5 April 2025 due a recent Budget announcement. Capital gains tax on residential property In the Spring Budget, it was announced that the top capital gains tax rate on the sale of residential...
Small business energy standing charge sharply increases
Small businesses across the UK have seen energy standing charges increase very sharply over the past few months with some reporting increasing of over 1000%. Furthermore, 62% of small businesses have said that the ever increasing cost of utilities continues to one of...
Network Rail Spending Plans 2024 – 2029
Introduction As the impacts of climate change continue to pose significant challenges for infrastructure maintenance, Network Rail unveils its comprehensive spending plans for Control Period 7. Spanning from April 2024 to March 2029, this ambitious five-year strategy...
Truck stops to be upgraded
Introduction Truck stops across England are set to undergo a significant upgrade, thanks to a collaborative effort between industry players and the government. With a combined investment of £16.5 million, 38 HGV rest areas will see substantial improvements aimed at...
Avoid the £10 Daily Penalty for Self-Assessment
£10 daily penalty for Self-Assessment starts on 1st May Starting from 1st May 2024, individuals who have yet to submit their overdue Self-Assessment tax return for the 2022-23 tax year will incur additional late filing penalties of £10 per day (capped at a total of...
Digital skills gap found in the logistics sector
Introduction As the world becomes increasingly digitised, industries are facing a pressing need to adapt to technological advancements. The logistics sector, a cornerstone of the UK economy, is no exception. Recent findings from a report by Neos Networks have unveiled...
How to start a career in accounting?
To become an qualified accountant typically a combination of accounting skills, education, qualifications and networking skills are required in the industry. Education University Route To start a career in accounting, education is key. The most common path to...
Tax Implications of Farm Diversification
Farmers are increasingly seeking ways to stabilise their farm income and ensure the sustainability of their agricultural businesses. Farm diverification is one strategy farmers are using to achieve this. Diversifying a farming business involves branching out into new...
Succession Planning for Farms
Have you thought about succession and the long-term plans for your family farm? As agriculture makes up the highest concentration of family businesses passed through the generations, it is no surprise that succession is a key issue and is something farmers need to...