Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 23rd April , 2025

Tax compliance costs small firms £25bn Small business leaders are urging the Government to alleviate the tax compliance burden to stimulate growth. A survey by the Federation of Small Businesses (FSB) revealed that[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 16th April , 2025

SME owners flee UK in droves Recent data reveals that nearly 40% of small and medium-sized enterprise (SME) owners in the UK are contemplating leaving the country due to escalating taxes and costs. The survey, conducted [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 09th April , 2025

Tax plans will deliver £400 income hit The average working household in the UK is projected to be £400 worse off this year due to a combination of factors, including a freeze on the income tax threshold and i[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 02nd April , 2025

HMRC recently confirmed that around 900,000 extra landlords and freelancers earning over £20,000 will be swept into the Making Tax Digital initiative from April 2028. It had already been confirmed that those with p[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th March , 2025

All self employed and landlords with income over £20,000 will have to file quarterly returns under Making Tax Digital for Income Tax from 2028 The government is also looking at extend MTD to those with incom[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th March , 2025

Small businesses to pass on tax hike costs Research shows that 71% of SMEs plan to pass rising employment costs onto consumers, with this a 15% increase from a poll in December. With employers’ National Insurance c[...] continue reading