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Top Rotherham Taylor Chartered Accountants News

Surge in Employee Ownership as Business Owners Seek Tax-Efficient Exits – Your Capital Minds
Entrepreneurs · United Kingdom

Surge in Employee Ownership as Business Owners Seek Tax-Efficient Exits – Your Capital Minds

A growing number of business owners are turning to employee ownership trusts (EOTs) to sell their companies tax-free, as changes to capital gains tax (CGT) rules and rising national insurance costs prompt entrepreneurs to seek more efficient exit strategies. New figures reveal that applications to set up EOTs — the model famously used by John Lewis — jumped 40 per cent last year, from 474 in 2022/23 to 671 in 2023/24. The data, obtained by accou…See the Story
How Will the 2025 Spending Review Be Funded?
NHS · United Kingdom

How Will the 2025 Spending Review Be Funded?

On 11 June 2025, the Spending Review revealed plans to increase day-to-day spending from £517.5 billion in 2025/26 to £583.9 billion in 2028/29 and investment spending from £131.3 billion in 2025/26 to £151.9 billion in 2029/30. Both the NHS and the Ministry of Defence are set to be the biggest beneficiaries of this investment, which is great news for those working on those sectors. Refurbishing schools, boosting R&D, and building new housing ar…See the Story

Call to Review NICs Hike as More Than 100,000 Jobs Are Lost

UKHospitality has called for changes to employer NICs to be reviewed in the wake of a dramatic fall in the number of payrolled employees. The Labour Market Overview, published by the ONS, estimates the number of payrolled employees in the UK in May 2025 decreased by 109,000 compared to the month before. This loss of jobs exceeds predictions from both the Office for Budget Responsibility (OBR) and a major bank. The OBR originally predicted the ch…Rachel Reeves · United KingdomSee the Story

William Lako: You Can’t Take It with You—but You Can Decide Who Gets It

50% Right coverage: 6 sources
No one enjoys thinking about their death; therefore, estate planning often falls to the bottom of the to-do list. Many people assume that if they’re married with children, their estate will transfer to their surviving family members. While that may…BusinessSee the Story

Jobs 'not entitled' to National Minimum Wage - from directors to apprentices

Coverage: 2 sources
UK citizens are advised to use the Government's minimum wage calculator to verify if they are earning the National Minimum WageMinimum Wage · United KingdomSee the Story

Mandatory Payrolling of Benefits in Kind Delayed by HMRC - Rotherham Taylor Chartered Accountants

100% Center coverage: 1 sources
The delay to payrolling Benefits in Kind (BIK) to 2027 may seem like a cause of relief for many businesses who are concerned about the extra responsibility the changes will bring, but employers should still prepare for this landmark change. Rather than filing an annual P11D form, the changes to payrolling BIK will force businesses to complete additional admin every month. Though the 2027 deadline may seem far off, it is worth preparing now, as t…Taxes · United KingdomSee the Story

Kittel VAT: How to Control the Uncontrollable - Rotherham Taylor Chartered Accountants

Receiving a Kittel VAT notice is something that many businesses dread. HM Revenue and Customs (HMRC) can demand the repayment of tax already reclaimed, and this can sometimes amount to a significant amount of money. The notice comes when a trader “knew or should have known” their transaction was linked to fraudulent evasion of VAT. This makes it ineligible for a deduction of input tax. Kittel VAT can seem like an ever-present threat hanging over…United Kingdom · United KingdomSee the Story

Increased Borrowing Could Mean Increased Taxes, Experts Warn - Rotherham Taylor Chartered Accountants

Public borrowing hit £20.5 billion in April, the highest level for that month since 1993 and nearly £3 billion above forecast. Economists warn the Chancellor may have little choice but to plug the gap with tax rises, spending cuts or changes to fiscal rules if elevated levels of borrowing persist. While nothing is confirmed, several areas are drawing speculation. Income Tax Extending the Income Tax threshold freeze beyond 2028 could push million…Taxes · EnglandSee the Story

How to Prepare for an Unexpected Economic Recovery - Rotherham Taylor Chartered Accountants

The International Monetary Fund (IMF) has upgraded the UK’s 2025 GDP growth forecast to 1.2 per cent, citing a strong first-quarter performance and signs of a recovering economy. The official figures indicate that increases in customer spending and business investment have contributed to this economic growth. These early signs of recovery present an opportunity to reassess your strategy and position your business for growth. Economic recovery st…IMF · United KingdomSee the Story

The Liberals Are Not Just Going Through a Phase – This Is a Full-Blown Identity Crisis

67% Left coverage: 3 sources
The party is not in good health. Sussan Ley’s main challenge is to ensure the party understands just how much trouble it is in.Politics · AustraliaSee the Story

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