Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 10th October , 2022

SMEs set to see less red tape The Government plans to reduce red tape for small businesses, including requirements around reporting of financial statements. While firms with up to 249 employees are currently considered t[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 07th October , 2022

Small businesses are losing customers as prices climb Santander research shows that 80% of smaller firms are struggling to compete with the lower prices offered by larger firms, meaning 72% are losing customers. While 73[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 06th October , 2022

HMRC sees surge in tax repayment complaints The number of people complaining to HMRC about companies claiming tax repayments on their behalf has more than tripled in two years, with many people saying claims are being m[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th October , 2022

Government U-turns on plans to scrap top tax rate The Government has U-turned on controversial plans to scrap the 45p rate of income tax for higher earners, with Chancellor Kwasi Kwarteng saying: “We listened to pe[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 04th October , 2022

BoE raises interest rates to 14-year high The Bank of England has raised interest rates from 1.75% to 2.25% and indicated that Britain’s economy is now in recession. A majority of the Bank’s nine-member monet[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 03rd October , 2022

NI rise to be reversed in November A 1.25% rise in National Insurance will be reversed from 6 November, and a planned levy to fund health and social care will be scrapped, Chancellor Kwasi Kwarteng has announced. Th[...] continue reading