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In House Payroll vs. Outsourcing: The Pros and Cons

Payroll is one of the most critical, and often overlooked, aspects of running a business. It’s also one of the most complex and time-consuming tasks that a business has to deal with. There are two main options when it comes to managing payroll – in-house or...

Bank of England raises UK interest rates to 5.25%

The UK’s interest rate has been raised to 5.25% by the Bank of England, as it continues to try and bring inflation under control. The Bank’s Monetary Policy Committee increased the rate by 0.25% from 5% – the 14th increase in a row. It is a 15-year high...

UK inflation falls as economy shrinks in May

The UK’s rate of inflation fell to 7.9% in the year to June while the country’s economy shrank in May, according to the latest Consumer Prices Index (CPI) published by the Office for National Statistics (ONS). The inflation rate is currently at its lowest annual rate...

HMRC extends deadline for voluntary NICs to April 2025

HMRC has extended the voluntary national insurance contributions (NICs) deadline until 2025. Extending the voluntary NICs deadline until 2025 will give people more time to consider whether paying voluntary contributions is right for them, and also ensures individuals...