Business advice for motorsport businesses

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

posted in Business advice for motorsport businesses by Phil Harris on 19th March , 2025

The Harris & Co motorsport accountants backed Vauxhall Chevette successfully completed the 2023 Rally Costa Brava. The car came in 31st overall in the Open Category, competing against many more powereful and modern c[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 19th March , 2025

IHT hitting many family businesses beyond farming City AM reports on the impact of inheritance tax (IHT) changes on family businesses beyond the farming sector. While farmers have received significant media attention, t[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th March , 2025

Small businesses hike prices ahead of NICs rise According to a recent survey by Shawbrook, over 40% of the UK's small and medium-sized businesses (SMEs) anticipate that the Government's increase in National Insurance Con[...] continue reading