Business confidence in UK rising

UK business confidence bounced back in January after the election of a majority government saw political uncertainty recede. This comes from a survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW). See ICAEWs reports here. Business...

read more

Household Debt Extreme High

Average household debt in the UK is now higher than during the 2008 financial crisis, according to a study by the Trades Union Congress (TUC). The TUC have claimed that average household debt is currently 31% above its peak before the financial crisis. The study...

read more

Phishing Emails – HMRC Issue Guidance

HMRC have issued guidance on understanding the difference between genuine Revenue contact and phishing emails. Criminals use phishing emails to try to obtain taxpayers' personal or financial information. HMRC stated that these emails often contain a link to a fake...

read more

Fraud investigation – £5 billion raised in 2019

According to the latest data from HMRC's Fraud Investigation Service (FIS), £5 billion was raised through fraud investigations in 2019. The figures show that over 600 individuals were convicted for tax crimes in the last year. Also, in the last 12 months the FIS...

read more

Minimum Wage – Largest Raise Ever

Millions of UK workers will see their pay rise in April 2020. The government is making the biggest ever increase in the legal minimum wage. The government has announced a 6.2% increase in the National Living Wage (NLW) for those 25 and over. The NLW will increase from...

read more

IR35 Tax Rules Review Launched

The government has launched a review into the new IR35 tax rules that are due to come into effect 6th April 2020. You may be affected by these rules if you are: a worker who provides their services through their intermediarya client who receives services from a worker...

read more

Tax Return 2019 – Due 31/01/2020

You must submit a tax return if, in the last tax year (6 April 2018 to 5 April 2019), you were self employed and earned over £1000 or you were a partner in a business partnership. If your only income is from your wages or pension, you will not usually need to send a...

read more

UK Manufacturing Jobs Cut as Sales Fall

Jobs in the manufacturing sector fell at the fastest rate in seven years during November as low sales squeezed the sector, according to IHS Markit Purchasing Managers' Index. The index fell to 48.9 last month from 49.6 in October. A figure below 50 represents...

read more

Welcome to our Manchester Business Network Group

Aim of the group Hi and welcome to our Manchester Business Meet up Group we are pleased you have joined us. My name is Nigel Holland, I am a Chartered Accountant and owner of Holland & Co Chartered Accountants. I have been in business for over 30 years helping small...

read more