News

More than £3,500 was raised for local good causes when local businesspeople got together for a popular annual charity tenpin bowling event in Lowestoft.

Taxpayers only have until 5 April 2025 to make voluntary National Insurance (NI) contributions for missed contributions dating back to 2006.

Now the dust has settled on the Autumn Budget, we wanted to turn our attention to pensions and put to you - ‘do you know where all of your pensions are?’. If the answer to this question is no – it is never too late for a pension cleanse!

The sale of your business to an Employee Ownership Trusts (EOTs) can be a tax free transaction if structured correctly. Given the potential changes to Business Asset Disposal Relief (BADR) this could be a more attractive proposition from a tax perspective.

The 2024 Budget has brought significant changes to the farming industry and understandably sparked extreme concerns for all those within it regarding the future of their multi-generation family farms and the future of the industry as a whole.

On 26 October 2024 the law on sexual harassment changed to the Worker Protection (Amendment of Equality Act 2010) Act 2023. By law, employers will now need to take steps to prevent sexual harassment.

From April 2025, double cab pick-up trucks will no longer be treated as commercial vehicles for income tax and capital allowance purposes. This will significantly increase the benefit-in-kind (BIK) tax charge for employees and impact on the tax deductions available for businesses.

Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’.