The Bank of England base rate has risen to 0.25% after being held at a record low since the start of the pandemic. But what does this mean for you and your business?
With a lot of noise in the media about potential supply shortages over Christmas, Armstrong Watson’s Matthew Hutton and industry advisor Martyn Vevers have put together some tips to help hospitality businesses prepare themselves for the festive period and beyond.
For the tax year 2022/2023 the Government recently announced a 1.25% Health and Social Care Levy charge that will form part of the National Insurance Contributions for employees and employers, and from 2023/2024 a separate deduction for Health and Social Care levy will be introduced.
Businesses facing an increase in their tax bills next year can breathe a sigh of relief now that the Government has pushed back its plan to alter the basis period for one year.
The decision by the Bank of England to hold the base rate at the historically low 0.1% will be a relief for individuals and businesses with variable interest rates on their debt finance. However, with inflation expected to reach 5% next year an increase in the base rate seems inevitable at some point in the near future.
Rishi Sunak’s Autumn Budget will come as welcome news to many given the Government’s continued pledge to invest in Research and Development (R&D) activities.
Introducing electric cars into a business or organisation is no longer just about social responsibility. There are a number of benefits to driving an electric car, including some serious financial incentives such as electric car benefit in kind. There are also other considerations you need to make too. The main points to consider are listed below.
Accounting software, such as Xero, is at the cutting edge of technological change in the business world. Here are the Top 5 Xero add ons for use in the hospitality sector and the benefits they can bring to your business.
Armstrong Watson has teamed up with the Medical Defence Union (MDU), the UK's leading medical defence organisation, and its partner organisation the Dental Defence Union (DDU), to provide its members with access to tax, accountancy and business advisory services.