Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 14th June , 2023

Making Tax Digital is expected to cost HMRC five times the original forecast in 2016 following repeated delays  The digitalisation of tax will cost HMRC £1.3bn, more than £1bn above the original budget [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 13th June , 2023

SMEs outline opportunities An annual poll of 500 SME owners by AXA has identified the key opportunities for such firms in 2023. It was shown that many are diversifying revenue streams through new sales channels. Firms a[...] continue reading

posted in Business advice for motorsport businesses by Labour tax rises on 12th June , 2023

Labour policies equal 3p rise in income tax Analysis suggests that uncosted Labour spending pledges would cost the equivalent of a 3p rise in income tax, with it found that the party’s policies would require an add[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 09th June , 2023

Firms look to onshore supply chains A survey shows that mid-sized businesses are considering bringing their production lines back to the UK amid ongoing issues with international supply chains. Just under 50% of the 500 [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 08th June , 2023

Two in three UK business owners are currently considering an exit strategy as fears grow about higher taxes depending on the result of a 2024 general election.  A potential change in government and changes to[...] continue reading

posted in Business advice for motorsport businesses by Phil harris on 07th June , 2023

PM wants 2p tax cut before the election Rishi Sunak wants to cut National Insurance or income tax by up to 2p before next year’s general election, according to a senior Government source. Officials have been assess[...] continue reading