Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 11th September , 2024

Small businesses bounce back with confidence Recent research from Novuna Business Finance indicates a resurgence in small business confidence following the new Government's installation. The study, which surveyed 1,000 s[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 09th September , 2024

Non-dom tax overhaul could backfire The Government's proposed overhaul of the non-dom tax regime could lead to a loss of £1bn, according to research by Oxford Economics. The current system allows wealthy foreigners[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 02nd September , 2024

The tale of a black hole According to the OBR the government collects £39,000 per household in taxes. Despite that eye watering amount, the Government spends £42,000 per household and puts the £3,000 s[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 21st August , 2024

Tax on dividends hits record high The number of investors subject to dividend tax has surged, with 1.2m higher-rate taxpayers expected to pay in 2024-25, up from 556,000 in 2021-22. This increase is attributed to cuts in[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th August , 2024

There is a lot of chatter in the financial press about potential increases in capital gains tax in the forthcoming October Budget. However, people often forget that CGT is a voluntary tax - if you don't sell an asset, yo[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 31st July , 2024

Chancellor faces 'difficult decision' on taxes Having "revealed" that there is a £22bn hole in the public finances that experts say she created byawarding inflation busting payrises to public sector workers, Chance[...] continue reading