News
At Hysons we want to make sure we are providing the latest new and useful accounting information to businesses and people in need of advice.
Autumn Budget Statement 2025
Chancellor of the Exchequer Rachel Reeves set out tax-raising measures worth up to £26 billion in the Autumn Budget on 26 November 2025. The increases will be achieved through a range of measures, including extending the freeze on Income Tax thresholds for a further three years. Tax increases In addition to maintaining Income Tax thresholds, taxes…
Could Taxes Go Up in the Autumn Budget? How to Be Ready
The Autumn Budget will be outlined on November 26th, with the Chancellor expected to announce a number of financial changes. Issues such as rising living costs, plateauing wages and imbalances across the economy have already been cited as key issues the budget is set to help with. While there are expected to be a number…
Protecting You and Your Business: Using Trusts
Whether you are looking to protect your business or personal assets, at Hysons, we pride ourselves on providing professional accounting advice. One area that we support our clients in selecting the most suitable forms of trusts to protect funds and property. Keep reading to understand what a trust is and the role it plays in…
The Benefits of Year-Round Tax Planning
The best way to maximise performance and business operations is to opt for year-round tax planning. Instead of simply spending time managing accounts when the year end approaches, this forward-thinking way of managing costs ensures you always remain in control of your finances. Whether you are interested in year-round tax planning for a business or…
Keeping Your Business Cash Liquid – The Difference Between Cashflow and Profit
Are you clued up on the differences between cash flow and profit? To ensure your business never runs out of funds, it’s vital to understand the differences between the two. That’s why one of main aims as business accountants is to help companies achieve healthy cash flows. This is essential for ensuring inbound and outbound…
How Pensions Reduce Your Tax Bill
While many people spend time focusing on expenses and investments as a way to reduce tax liabilities, a key factor to consider is a pension. Whether you are seeking a way to manage finances more efficiently as a self-employed professional or are a PAYE employee looking to gain a better understanding of tax obligations, this…
DIY Accounting vs Hiring an Accountant: Make the Right Choice for Your Business
Did you know that 91% of UK small businesses choose to hire an accountant? This high number of companies reflects the importance of proper financial planning. In this article, we’ll highlight the differences between DIY accounting or hiring a professional to help you make a choice about what’s best for your business. What’s the Difference…
What’s Happening With Making Tax Digital?
Are you clued up on what’s happening with HMRC’s Making Tax Digital (MTD) initiative? Launched in 2019, this scheme requires businesses of all sizes to record, submit, and pay taxes online. For many, this change has seen processes switch from paper accounting to the use of digital platforms. Keep reading to discover the latest MTD…
Spring Budget Statement 2025
Chancellor of the Exchequer, Rachel Reeves, held the Spring Statement on Wednesday 26 March 2025. In the run up to the event, the Chancellor stated that she ‘remains committed to one major fiscal event a year to give families and businesses stability and certainty on upcoming tax and spending changes and, in turn, to support the…
Mastering Expense Management in Your Business
Establishing reliable expense management is vital for any business. As well as supporting sustainable growth, enhanced profitability and stronger compliance, having control over company spend also supports a healthy cash flow. In this article, we’ll highlight some key strategies that businesses can adopt to master expense management, plus share details of the support provided by…
Understanding Potential Threats To Your Business Value
Creating a successful business takes lots of time, hard-work and dedication. As well as being mindful when it comes to planning and forecasting, all business owners should be mindful of the potential threats that may impact them. In this article, we’ll highlight what the most common threats are and share advice for how business owners…
What You Need to Know as the Personal Tax Deadline Approaches
Keeping on top of tax is important not just for limited company directors but also anyone who has received untaxed income through other sources. From self-employed professionals to landlords, it is important to manage personal tax correctly. January 31st is one of the most pivotal dates in the personal tax-year which we will share details…
Data-Driven Decision-Making: Cash Flow and Financial Health
Does your business use data to ensure that all activities support financial growth? With 65% of organisations confirming they plan to be fully data-driven by 2026, now is the time for organisations to consider how to implement processes which ensure data-insights are always available. Whether you want to master the art of data-driven decision-making to…
What to Look out for When Buying a Business
Are you considering investing in a new business? If so, there’s no doubt it can be an exciting time but also one you should take seriously so as not to make an incorrect choice. With around 5.6 million private sector businesses currently active in the UK, there are certainly lots of companies to select from…
Autumn Budget October 2024
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Billions in tax rises Ms Reeves said the Budget will raise £40 billion in taxes. Employers’ National Insurance contributions (NICs) will be increased from next April while Capital Gains Tax rates will…
Keeping your tax and expenses in check when you are self-employed
As of June 2024, there are 4.27 million self-employed professionals in the UK. This figure has continued to increase in recent years as people look to take control of their earning potential. Whether this is because individuals want to be their bosses or the cost of living crisis means a side hustle is essential, self-employment…