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Business

How businesses can harness AI in 2024 – unlocking opportunities for growth

In 2024, the integration of Artificial Intelligence (AI) continues to revolutionise the way businesses operate across industries. From enhancing customer experiences to optimising internal processes, AI offers a myriad of opportunities for businesses to thrive in the digital age. In this article explore some of the key ways businesses can leverage AI to drive innovation and achieve success in the coming year.

Is it still appropriate to be an unincorporated business or is now the time to set up a company?

In the ever evolving landscape of business ownership, the decision between operating as a sole trader or a partnership or incorporating as a limited company is a critical consideration for business owners. While both structures offer distinct advantages and disadvantages, working out which option is the most suitable, requires careful assessment of various factors.

Accounting for growth: financial tips for scaling your business in 2024

As a business owner, the journey toward growth brings exciting opportunities and challenges and effective financial management plays a pivotal role in this endeavour. Scaling your business requires a strategic approach to accounting that goes beyond basic bookkeeping.

11 ways to plan for business success in 2024

The new year is upon us…it is an excellent time to ensure your business’ path forward is en route to success. This article will outline 10 tips and tricks that will help you plan for a successful year in 2024

Changes to UK company law: Economic Crime and Corporate Transparency Act 2023

New changes to UK company law are being brought in by virtue of the Economic Crime and Corporate Transparency Act 2023 (“ECCTA”). The aim of these changes is to tackle economic crime and improve transparency.  Companies House has stated that its fees will increase to reflect its new functions and powers under the ECCTA.  The measures are being brought in at different stages and dates.

Double cab pick ups to be classed as cars from 1 July 2024

For the last twenty years, private individuals have been able to run pick ups as company cars and pay significantly less tax on the benefit in kind, than if they were a regular saloon, hatchback or SUV.  However, in note EIM23151 released on 12 February 2024, HMRC signalled its intention to rescind the tax break on all new pick ups ‘purchased, leased or ordered’ from 1 July 2024.

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