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Statistical misuse, building confidence in small business owners and a welcome 40% business rates relief for film studios

Today we delve into the murky world of statistical misuse and how statistics can be mis-reported in the news, plus our tips on helping small business owners to build confidence during challenging times, and film studios welcome a 40% business rate relief. Can you spot statistical misuse? While numbers don’t lie, it’s well known that…Read More

Inflation – a surprise increase but wages are currently higher

Last week saw a greater increase in inflation than predicted, but latest figures show that wages are growing faster than the current inflation rate. Surprise jump in inflation: How to navigate your business Inflation figures for January 2025 were released last week and showed a surprising jump to 3.0%, up from 2.5% in December. The…Read More

Homebuying reforms, the pros and cons of AI, proposed energy saving requirements for landlords, plus much more…..

Today’s blog post covers a wide range of topics, from reforms to buying a home, the good and the bad sides of AI, changes to data protection fees and HMRC late payment interest rates, plus the current conversation around energy saving requirements for landlords. Reforms to homebuying coming The government announced major plans last week…Read More

Tax rules for a second income, plus welcome news regarding greater flexibility for apprenticeships

If you’re topping up your income by taking on a second role, are you paying the correct rates of tax?  Plus, good news for employers and apprentices as more flexible rules are introduced. Should you be paying tax on your side hustle? Conventional approaches to work and earning an income are changing and with the…Read More

Topping up your State Pension contributions, disposing electronic devices securely, fraud prevention for charities and duty changes for the alcohol industry

Today’s blog post covers a wide variety of topics, from topping up your contributions to your State Pension, to how to ensure cyber criminals can’t access your sensitive data once you’ve disposed of your old electronics.  Plus, a warning for charities to protect themselves from fraud, and upcoming duty changes for the alcohol industry. Would…Read More

Our top tips to help you set up your new business

Today we guide you through the exciting but scary world of setting up your own business.  From choosing a business structure which will work for you to book keeping and how to pay your tax bill, we cover it all! Are you thinking about starting a new business? Starting a business in the UK is…Read More

Just finished your tax return? Time to start preparing next year’s!  Plus, much more of the latest business tax news

You may just be recovering from completing your latest tax return, but now really is the time to start planning for next year’s!  We give you some guidance on how to feel more prepared for next year.  Plus, is cash still king? And a deposit return scheme for drinks containers in England and Northern Ireland. …Read More

Plans to grow the economy, and how recent storms have affected businesses

Today we look back on Rachel Reeves’s recent speech giving details of the government’s plans to deliver economic growth, plus how the recent storms have affected UK businesses. Chancellor’s speech: An update on economic growth measures The Chancellor of the Exchequer, Rachel Reeves, delivered a speech last week that served as an update on the…Read More

Time for some tax planning, the Chancellor nurtures the financial sector, and support for more sustainable packaging

A variety of topics are included in today’s blog post, including the importance of tax planning to reduce tax liabilities, how the Chancellor is attempting to nurture the financial sector, and the latest initiative to encourage more sustainable packaging. Why you should prioritise tax planning before the tax year ends As the UK tax year-end…Read More

Final reminder to file your tax return, the effects of rising government borrowing costs for you, and the upcoming new safety and security declaration requirements

Today we give you a final nudge to ensure your tax return has been filed before Friday, how the rising government borrowing costs could impact your business, and the lowdown on the upcoming safety and security declaration requirements. Only a few days left to file tax returns There are only a few days left now…Read More

Changes to the Renters’ Rights Bill, CMA investigates Google, and a £7 million boost for SMEs

Today’s blog post reviews last week’s debate in Parliament focusing on the Renters’ Rights Bill, the CMA uses their new powers to investigate Google and the government promise £7 million for SME owners to invest in AI. Renters’ Rights Bill continues to progress The Renters’ Rights Bill returned to Parliament for debate last week and…Read More

The effects of a fall in inflation, the government encourages use of AI, and Foot and Mouth disease hits Germany

To start the week we review how the fall in inflation levels could affect your business, the government want to encourage the use of Artificial Intelligence in industry and Germany have been temporarily banned from exporting meat to the UK due to a Foot and Mouth outbreak. Inflation falls to 2.5%: What this means for…Read More

A future for UK steelmaking? A stark warning from the VOA and faster broadband for remote areas

In today’s blog post from MLS Accountancy, we look at the long-term future of UK steelmaking,  a warning from the VOA as they suspend two business rates agents and the government announce measures to provide remote areas with faster broadband. New Steel Council launched to rebuild the UK’s steel industry Business Secretary Jonathan Reynolds co-chaired…Read More

Wage increases push price increases, the tax return deadline looms ever closer, and the pros and cons of AI

Today we look at how high street retailers are tackling the rising wage costs by passing the increases to the consumer, the tax return deadline of 31st January draws closer, and how will AI support or challenge your business? Navigating pricing strategies amid rising wage costs: Insights from Next Tax measures taking effect in April…Read More

ICO’s data protection advice, right to work checks, and how being 2025 UK City of Culture could help to regenerate Bradford

Today we point budding entrepreneurs in the ICO’s direction where they are offering advice and guidance on data protection, we remind you of the importance of right to work checks and celebrate Bradford being 2025’s UK City of Culture. ICO highlights data privacy to new startups January can often be the time of year when…Read More