When embarking on your entrepreneurial journey, or even if you are an established business, a crucial decision is your business structure: will you operate as a sole trader or a limited company? This choice isn’t just about legal formalities; it carries...
Possibly not… The world of UK business is constantly evolving, and the latest ripple causing a stir is the impending shake-up of audit thresholds. For many businesses, the annual audit is a significant undertaking, bringing with it both compliance burdens and,...
With the 2024/25 tax year-end fast approaching (5th April) the sands of time are ticking by. Here are Rogers Spencer’s 5 top tips for pre-year-end tax planning. 1. Make Pension Contributions Perhaps the most powerful and easiest way to reduce your tax bill is to pay...
As the minimum wage changes are due to take effect from April, both business owners and employees face important adjustments. With recent legislative changes increasing minimum wage rates in several regions, understanding the impact on your business and workforce is...
It feels as though an age has passed since the UK’s first female Chancellor, Rachel Reeves delivered her inaugural budget back in October and the effects of these have seeped somewhere into the back of our collective subconscious. But thus far many of the changes...
Filing your Self-Assessment can be a daunting task, but with the right guidance, it doesn’t have to be. This blog post will provide you with essential tips to help you navigate the process smoothly and ensure you comply with UK tax regulations. 1. Understand...
