Small changes can have a significant impact when it comes to business finances. This is particularly true when considering adjustments to pricing and cost control. In this article, we will illustrate how increasing sales prices by just 2% and reducing costs by 2% can create a considerable uplift in overall profitability.Starting FiguresConsider a business with…
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Managing the Cost of Living
With the rising cost of everyday essentials continuing to impact households and businesses alike, many clients have been asking us how they can better manage their money in the current climate.While no single solution fits everyone, there are several practical areas that can help ease the financial pressure. This blog sets out some straightforward steps…
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Roll out of new Minimum Wage Rates
Big news on the wage front. As of April 1, 2025, the UK has rolled out new National Minimum Wage (NMW) and National Living Wage (NLW) rates, giving millions of workers a well-deserved pay bump. Let's break down the numbers and chat about what this means for employers navigating these changes.New Wage Rates:National Living Wage…
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Letting out part of your home – claiming lettings relief
Renting out part of your home may affect Capital Gains Tax when you sell. While Private Residence Relief applies, Letting Relief can reduce taxable gains. Learn how PRR, Letting Relief, and exemptions impact your tax liability.If you have tenants in your home, it is essential to understand the Capital Gains Tax (CGT) implications. Typically, there…
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