Harris & Co Blog
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Harris & Co motorsport accountants have a long history of supporting up coming drivers
Pensions raid
posted in Business advice for motorsport businesses by Phil Harris on 30th July, 2025
Pensions tax raid could hit family firms Experts have warned that higher inheritance tax bills could see thousands of family businesses struggle or even collapse. As of 2027, unspent pensions will be dragged in [..] continue reading
Motorsport hit by NIC rise
posted in Business advice for motorsport businesses by Phil Harris on 23rd July, 2025
The publication of the tax figures for April reveals the true extent of the Chancellor’s crippling extra National Insurance burden on business. Just in the month of May businesses have paid out nearly &p [..] continue reading
NIC rise hits motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 18th June, 2025
One in five companies have already cut jobs, while 51% have put a freeze on salary increases after employers’ National Insurance hits companies Rachel Reeve’s National Insurance increases for [..] continue reading
Youth mobility scheme
posted in Business advice for motorsport businesses by Phil Harris on 21st May, 2025
The Government has signed a "youth mobility scheme" with the EU. An agreement of this nature allows young people in the UK and the EU to move and work freely between countries for a limited period of time. &nb [..] continue reading
MTD for motorsport businesses
posted in Business advice for motorsport businesses by Phil Harris on 14th May, 2025
Making Tax Digital (MTD) for Income Tax is less than a yearb away but one in three sole traders have never heard of it. From April 2026, motorsport sole traders earning over £50,000 will be require [..] continue reading