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Bank Rate trimmed to 4%

Bank Rate trimmed to 4%

The Bank of England has knocked the main interest rate down to 4% today, cutting it by a quarter‑point from 4.25%. It’s the fifth cut in a year and brings the rate to its lowest since March 2023. The decision was a close call: the nine‑member Monetary Policy...
Challenging your Council Tax band

Challenging your Council Tax band

If your property has changed or seems mis-banded, you may have the right to request a Council Tax review. Properties in England and Wales are assigned Council Tax bands based on their value as of 1 April 1991 (England) or 1 April 2003 (Wales). If you believe your...
Employing family members in your business

Employing family members in your business

Many small business owners turn to family members when looking to fill roles in their team. It can seem like a natural choice, offering trust, loyalty, and a shared sense of purpose. However, employing family in your business is not without its challenges, and it is...
The value of retaining profits to support cash flow and growth

The value of retaining profits to support cash flow and growth

For small businesses and growing companies alike, one of the most reliable sources of funding is often the profits they generate. While it can be tempting to extract earnings in the form of dividends, bonuses, or reinvestment elsewhere, there is a strong case for...
Taxation of entertainment expenses

Taxation of entertainment expenses

Many business gifts and hospitality costs are not tax-deductible under current rules. Entertainment expenses including providing hospitality and business gifts are common, but the taxation of these expenses is strictly governed by HMRC. For businesses carrying on a...