Since 2017, there is no tax to pay on trading income or earnings from land and property as long as the income from each source does not exceed £1,000. Trading allowance The trading allowance is a tax exemption of up to £1,000 a year for individuals with trading income from: self-employment. casual services, for example, […]

If you are locked into an IVA and are concerned that recent increases in the cost of living are creating severe financial pressures, you can ask your IVA supervisor to review your income and expenses to see if you are eligible for a reduction in payments or a payment break. You will be required to […]

More than a million small businesses are now eligible for discounted software through a flagship government scheme after a change to the rules. The Help to Grow: Digital Scheme, which cuts the price of leading software to boost productivity and growth in the UK’s smaller firms, is now available to businesses with just one employee. […]

More than a million of the lowest-paid workers in the UK will receive a financial boost from 2025. New Government legislation just published confirms that around 1.2 million low earners who save for their pension through a Net Pay Arrangement (NPA) will get the same level of government top-up as those who use Relief at […]

Hospitality staff will be able to keep their well-deserved tips from grateful customers under new legislation that has been backed by Government. Although customers may leave cash to say thank you to their waiter staff, many employers still keep the money for themselves. For card payments, it is even harder to keep track of where […]

People who are worried about the impact of rising prices and its effect on household incomes are being urged to seek support. Speaking to a trained and experienced debt adviser about your situation could help you decide what to do before the situation gets out of control. Having early conversations is the best first step […]

Around 30 million people across the UK will be looking forward to seeing extra cash in their pocket after the biggest personal tax cut in a decade came into force. Some lucky workers will be saving £330 a year, with around 2.2 million no longer having to pay tax. The £6 billion tax cut will […]

Online retail giant Amazon is being investigated by the Competitions and Markets Authority (CMA) over concerns its practices could result in a worse deal for customers. It is understood the investigation will be looking at how Amazon’s operations affecting sellers on its UK Marketplace may be anti-competitive. This new investigation follows a current European Commission […]

Have you ever found yourself in financial distress, struggling to juggle the bills and balance the books? Or perhaps you have supported someone with their debt issues. The Government is looking for input from anyone who has been touched by severe money problems as it reviews the personal insolvency framework for England and Wales. Anyone […]

In a business context, goodwill could be defined as the amount that a buyer would be prepared to pay for your business over and above the valuation of the business net assets. Very often, it is the relationships that you have built with your customer base that is the most valuable asset. Buyers will be […]