Forrester Boyd E-News November 2024

Embracing the Festive Spirit at Work (Without Breaking Any Rules!)

The holiday season is a time to indulge in treats, connect with loved ones, and, let’s admit, dive into a few extra social gatherings! But while we celebrate, it’s worth ensuring that any seasonal generosity – whether in gifts or gatherings – stays in line with HMRC's rules, which can sometimes feel a bit like dealing with the Grinch.

With that in mind, here’s a rundown on how you can spread the cheer at work, delight your clients, and reward your team while keeping everything above board with HMRC. Read more>>>

Read Our Latest Blogs

The Autumn Budget - a brave new tax world

Chancellor Rachel Reeves’ first Budget was a significant one in all senses.

“…this Budget delivers a large, sustained increase in spending, taxation, and borrowing”, so said the Office for Budget Responsibility (OBR) in the first paragraph of its overview of the Autumn Budget. The numbers are indeed large...?Read more>>>

Double hit for employers

The October Budget was not particularly kind to employers, with the cost of employer National Insurance Contributions (NICs) going up substantially from April 2025, combined with inflation-busting increases to the National Living/Minimum Wage.?Read more>>>

Business rates worth relief?

Business rates relief has been extended for the retail, hospitality and leisure sector but, with the rate of discount cut from 75% to 40%, many English businesses will face a near doubling of their rates bill for 2025/26.?Read more>>>

Employment expenses pushed to paper

Despite its digital ambitions, HMRC has recently reverted to paper-based claims for employees who want to make a claim for employment expenses. The change from an online basis has been made to reduce fraud. Read more>>>

New company size thresholds from April 2025

Thresholds defining company sizes have not changed since 2016, but revised thresholds are now set to be introduced from 6 April 2025. Companies House intends to roll out their new identity verification requirements for directors and people with significant control (PSCs) by late 2025.?Read more>>>

We are excited to have launched The Trainee Academy, a new exciting initiative which aims to provide aspiring accountants with everything they need to embark on a successful career in accountancy.The academy offers a unique opportunity for students to receive invaluable support, mentorship and practical experience in a professional and supportive environment.

Applications are NOW OPEN and will close on 31st January 2025.

If you know anyone that might like to apply, please ask them to visit our new Trainee Academy page by clicking here>>>

To find out more about the Trainee Academy, read our latest press article for more information here>>>.

Thank you for reading this month's edition of our LinkedIn newsletter. If you would like to talk to us about our extensive range of accountancy, business advisory, tax and outsourced services please do get in touch at [email protected].