Harris & Co Blog
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Harris & Co motorsport accountants have a long history of supporting up coming drivers
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
Two tier tax system
posted in Business advice for motorsport businesses by Phil Harris on 07th May, 2025
Trade deal criticised over 'two-tier' tax system The Government has agreed a trade deal with India that exempts temporary Indian workers from paying National Insurance in the UK for three years, making them ch [..] continue reading
UK SME's stifled
posted in Business advice for motorsport businesses by Phil Harris on 30th April, 2025
Lending gap stifles UK SMEs Research by Allica Bank reveals a £90bn "lending gap" in bank finance for the UK's small and medium-sized enterprises (SMEs), hindering investment and economic growth. The rep [..] continue reading