News
Tax and finance updates
Every day brings news of changes to tax law or government policy, or the emergence of facts and figures with implications for British businesses and individuals. Our daily news feed helps our clients keep their fingers on the pulse of what’s going on, with comment and insight from industry figures, government officials and trade bodies.
UK inflation hits 40-year high of 9%
Macroeconomy now businesses’ number one concern.Regular pay tumbles in first quarter of 2022
Only growth in bonuses keeps total pay growth positive.GDP fell by 0.1% in March 2022
Fears of recession as monthly GDP contracts.Over 65,000 file self-assessment on first day
Almost 300,000 more than the first tax day of 2018.Companies House powers strengthened
Government aims to tackle abuse of limited partnerships.BCC calls for emergency budget
Budget demanded due to rising costs for businesses.Bank of England increases interest rates to 1%
Rates rise marks fourth increase in a row from record low.SMEs not ready for MTD, accountants say
Businesses also unaware of other Government schemes.Interest on late taxes raised to 3.5%
Move by HMRC follows increase in basic interest rate.Majority of SMEs not ready for MTD
SMEs outside of London are not as prepared.
What we can do for you
Find out more about the full range of business and tax advisory services Horsfield & Smith offers to businesses and individuals across Greater Manchester and the North West of England and see how we can help you achieve your goals for growth.
