Insights
Plymouth Accountancy Hub Insights
Autumn Budget 2024 Predictions: Labour’s First Budget
As the 30th of October 2024 draws near, anticipation is building for the first Labour Budget since the party was elected earlier this year. Speculation has been rife, especially around whether Labour will stick to its manifesto promises on tax and how they will address the country’s growing financial shortfalls.…
National Minimum Wage Set to Increase from April 2025
Starting from 1 April 2025, the National Minimum Wage (NMW) is set to rise, reflecting the ongoing cost of living increases under Labour’s “Plan to Make Work Pay.” This significant change aims to improve wages across the board, ensuring fair pay for workers while considering the broader economic impact. Government's…
AI for Accountants in 2024
In the dynamic world of finance, the role of accountants is evolving at a breathtaking pace, driven by the relentless march of technology. Among the most transformative innovations reshaping this landscape is Artificial Intelligence (AI). As we step into 2024, the integration of AI into accounting practices is no longer…
How Much Do Payroll Providers Charge? Complete Guide to Payroll Services, Setup, and HR When it comes to managing payroll, businesses often seek clarity on several key aspects. If you’re in Plymouth and searching for the top accountants for payroll services, or considering independent accountants, this guide will provide valuable…
The race for the General Election 2024 is in full swing, with campaigns intensifying across the country. But what do the pledges and policies from the leading political parties mean for small business owners? We’ve examined the manifestos and websites of the seven major parties to bring you a comprehensive…
Minimum Wage Increase 2024
In the dynamic landscape of employment regulations, it’s essential for employers to stay ahead of changes that can impact their business. One such crucial update is the annual increase in minimum wage rates, set to take effect on April 1, 2024. This announcement brings substantial changes to all National Minimum…
Is it Worth Paying a Bookkeeper?
In the ever-evolving landscape of business, entrepreneurs often find themselves juggling multiple responsibilities to keep their operations running smoothly. One crucial aspect that demands meticulous attention is financial management. As businesses grow, so does the complexity of their financial records, making the question of whether to hire a bookkeeper a…