Each week Bath accountancy firm Pearson May teams up with Bath Business News to bring you the top national finance stories. This week we look at two of the key measures introduced in the Spring Budget. Pension lifetime allowance charge abolished from April Chancellor aims to bring over-50s back to the workforce. Click here to find out more...
Rob Chedzoy, tax partner at regional accountancy firm Milsted Langdon, believes the Chancellor Jeremy Hunt’s drive for growth has created interesting tax planning opportunities for businesses and their owners. Rob, pictured, said prior to the Budget, many businesses were concerned about the upcoming increase to Corporation Tax in April, when the rate will rise from 19% to...
West of England Metro Mayor Dan Norris said the Spring Budget contained some measures that would benefit the region but overall would do nothing to unleash the potential of its businesses. “The hit to living standards over the past two years is the largest since records began,” the Labour mayor, pictured, who heads the West...
Business West, the organisation behind Bath Chamber of Commerce, welcomed what it called the return of a Budget that addressed immediate threats while including measures aimed at future prosperity. But it said the government must commit to providing the stability and confidence needed by businesses to invest and grow the UK economy. Managing director...
Chancellor Jeremy Hunt has delivered his Spring Budget. The key points are: The economy is expected to contract by 0.2% this year but should avoid a technical recession. Growth next year is forecast to be 1.8%, followed by 2.5% in 2025; 2.1% in 2026; and 1.9% in 2027. Inflation is forecast to fall to 2.9%...
Accountancy firm Gooding Accounts has opened a new office as it continues to go from strength to strength by helping its business-owner clients prosper. The firm, founded in 2014 by highly experienced accountancy director Sam Gooding, has launched in Melksham, where it previously had a small presence through a satellite office. The office, its...
The tech and creative sectors in Bath and the West of England are rich and varied. They are also critical to the strength of the region’s economy. Both will be keeping a close eye on next Wednesday’s Spring Budget, when it is hoped Chancellor Jeremy Hunt will provide some help for their ongoing success. At the...
Bath accountancy firm Richardson Swift has promoted its head of accounts and business services Rachael Rackham to director – meaning two of the five directors making up its leadership team are now women. Rachael, pictured, has worked at Richardson Swift, the largest independent firm of chartered accountants and tax advisers based solely in Bath,...
Businesses have come far in terms of gender equity in recent years, a panel discussion on the key topic heard, but there is still a long way to go in achieving it both in and outside of the workplace. The event, staged by Business West – the organisation that run Bristol Chamber of commerce...
Concentrating on its core products has resulted in Bath-headquartered alternative lender Time Finance growing at a faster rate than expected, with pre-tax profits soaring by 172%. The firm, which specialises in asset, loan and invoice finance products, clocked up profits of £3m in the nine-months ended 28 February on revenues up 28% to £20m. In...
