As the end of the 2023/24 tax year approaches on 5 April, it is also a good time to review your affairs, making the most of opportunities to maximise your income and minimise your tax, writes Pearson May partner Jacqui Bowden. Some tax planning may require action to be taken before 5 April. I...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. More than a million miss self-assessment deadline Late filing rises by 10% compared to last year. Click here to find out more HMRC introduces compulsory payrolling of benefits-in-kinds New rules will apply from April 2026. For...
The South West’s small firms are the least confident in the UK about their prospects for this year as they continue to struggle against the state of the economy, high labour costs and the lack of available staff. Worryingly, one in five say they may have to cut their workforce to stay in business...
The South West office of growth finance group invested nearly £70m in small and mid-sized businesses in 2023, taking its total for the past three years to £190m. The long-term investor, which makes initial investments of between £1m to £20m for a minority equity stake, said it backed businesses across a wide range of...
Fast-growing Bath-based alternative finance provider Time Finance has increased its lending capacity after securing a new finance worth £15m. The block discounting facility was announced shortly after Time Finance revealed a 35% increase in half-year pre-tax profits to £2.7m on revenue up 19% at £15.7m. The interim results also showed own-book lending origination rose...
Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. Mandatory payrolling of benefits-in-kind announced by HMRC Rules will apply from April 2026. Click here for more information HMRC still awaiting 3.8m self-assessments It urges tax returns for the 2022/23 tax year. Find out more here
A major Swedish business has acquired a significant minority stake in Bath-headquartered financial advice business Fidelius Group, saying the move will trigger a new phase of growth for the firm. Söderberg & Partners, one of the Nordic region’s leading financial advisers and brokers of insurance and financial services, acquired the holding in Fidelius for an undisclosed...
Charities must focus on their people, technologies and strategic development to prepare and protect themselves in an ever-changing environment, according to new guidance from Bath change management consultancy Nine Feet Tall. As demand for charities’ services has skyrocketed during the cost of living crisis, so new challenges have emerged, piling more pressure on their...
Private equity and investment firm Maven Capital Partners has strengthened its presence in the region to support its delivery of the £200m South West Investment Fund (SWIF). Launched last July by the British Business Bank, WIF aims to boost the supply of finance to small and medium-sized businesses across the South West. Maven manages...
Alternative regional funder SWIG Finance has reached the landmark of lending £15m to 250 small businesses across the South West in a scheme backed by ethical bank Triodos. The milestone came within five years of the first loan being made under the scheme. SWIG Finance, which is a non-profit company, supports viable South West businesses...
