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.
Black Friday sees upturn in retail sales
Spending data shows a 33% increase in retail footfall.Inheritance tax receipts rise by £4.1bn
The increase comes just months before the threshold freeze.One in four small firms fear closure
Small firms’ survival depends on Government support.Companies urged to file accounts online
Accounts must be submitted by 31 December.Manufacturing sector facing a tough winter
Despite a rise in output volumes, production is expected to decline.Five-year mortgage rates fall below 6%
New data indicates mortgage rates are returning to normal.Tax take soars to £432.8bn
Total tax take for 2021/22 so far is £41.5bn higher than last year.OBR report confirms UK in recession
Economic recovery expected in late 2024.Chancellor sets out tax freezes and spending cuts
Government plans aim to promote fiscal stabilityHMRC to change salary advance reporting requirements
The legislation aims to reduce administrative burdens.
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.