Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 02nd August , 2022

CGT rules for divorcing couples to change next year The Government has announced that Capital Gains Tax (CGT) rules for divorcing couples will change on 6th April 2023. Currently, if a couple transfers assets between th[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 01st August , 2022

IHT receipts rise by £300m in Q2 to £1.8bn An analysis of inheritance tax receipts by investment experts at Wealth Club shows one in 25 estates now pay the tax, and with the thresholds frozen, more will soon[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 29th July , 2022

UK debt interest payments jump to all-time high UK interest payments on government debt jumped to the highest level on record in June hitting £19.4bn - £10.3bn more than in the same month last year. The surg[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 28th July , 2022

Small business owners forced to raise prices A report by small business insurer Simply Business shows seven in 10 small business owners believe soaring costs are their single biggest challenge in 2022. Almost half of the[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 27th July , 2022

Loan scheme for small firms to be extended by two years Kwasi Kwarteng has announced that a scheme offering government-backed loans to small businesses will be extended by a further two years. The Business Secretary said[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 26th July , 2022

193k firms in bounce back loan arrears Almost 200,000 small businesses have fallen into arrears on their bounce back loan repayments. Data from the British Business Bank, the state-run body administering the Bounce Back[...] continue reading