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November 2022

Challenging times ahead for Owner Managed Businesses?

Our latest Owner Managed Business (OMB) survey looked at the impact of the pandemic on businesses across the UK. Much of the optimism from last year has eroded, with many businesses now expecting their profits to be impacted by the rising costs across the U.K. 

What is a General Partnership?

The Partnership Act 1890 defines a General Partnership, otherwise commonly known as an Ordinary Partnership or Business Partnership, as two or more individuals ‘carrying on a business in common with a view of profit’. 

Autumn Statement 2022: What you need to know

Key highlights from the Chancellor's Autumn Statement. 

Important Tax Changes for Unincorporated Businesses

In preparation for the introduction of Making Tax Digital in April 2024 there are significant changes to the way profits from self-employment and partnership profit shares (including LLPs (Limited Liability Partnerships)) will be taxed from April 2023.