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Harris & Co motorsport accountants have a long history of supporting up coming drivers
Costly tax compliance
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) rev [..] continue reading
SME owners flee UK
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, [..] continue reading
Working people worse off
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 thres [..] continue reading
New MTD rules
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 th [..] continue reading
MTD for self assessment
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 [..] continue reading