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Cultivating Success
Tax
Understanding tax exemptions for Christmas parties and trivial benefits
11th December 2024
As the holiday season approaches, many businesses are preparing to celebrate with festive parties and gifts. While these are a great way to reward your team, it’s important to be aware of the tax rules to ensure compliance and avoid...
Medical
GP Financial Snapshot 2024
3rd December 2024
The specialist Medical Team at Rowleys have launched the 2024 GP Financial Snapshot, a report that uses benchmarking data to provide insights into the financial position of a typical GP practice in Leicester, Leicestershire and Rutland. The report combines our...
Tax
Rowleys’ Budget event highlights evolving business confidence
21st November 2024
On Monday 4th November, Rowleys hosted an insightful Budget event as part of the Leicester Business Festival, attended by over 60 businesses from across the East Midlands. This event came on the heels of the first Budget announced by the...
Payroll
Budget 2024: Key pay-related changes employers need to know
20th November 2024
The first Budget under the new Labour government has introduced significant changes impacting payroll and employee compensation. With new rates, thresholds, and expanded employer responsibilities, businesses will need to adapt. In this article Rowleys’ Payroll Manager, Rebecca Gotch, shares a...
Tax
Autumn Budget – October 2024
31st October 2024
Chancellor Rachel Reeves delivered her Budget on Wednesday 30 October 2024. She pledged to ‘invest, invest, invest’ to drive growth and ‘restore economic stability’. Billions in tax rises Ms Reeves said the Budget will raise £40 billion in taxes. Employers’...
Pensions
The impact of reducing interest rates on pension schemes
22nd October 2024
With recent discussions about the European Central Bank (ECB) and Bank of England (BoE) cutting interest rates, pension schemes, particularly defined benefit (DB) schemes, need to evaluate the potential impact. As interest rates decline, the financial landscape shifts, creating both...
Payroll
Budget predictions: Pay-related changes
9th October 2024
As we approach the upcoming Budget announcement, businesses and individuals are preparing for potential changes that could impact wages, taxes, and pensions. Pay-related issues are always a focal point of any Budget, and this year is no exception. With the...
Payroll
Payrolling benefits: A guide for employers
26th September 2024
Many employers offer benefits such as company cars, medical insurance, and gym memberships to attract and retain talent. However, managing these benefits can be time-consuming and complicated. Payrolling benefits offers a solution to this. Rowleys Payroll Manager, Rebecca Gotch, explains...
Tax
How companies can reduce their tax burden: Key considerations
23rd September 2024
With directors now facing tax bills that are 6% higher than previously, and with the Labour Party intending to maintain this rate, businesses need to take a proactive approach to tax planning. Rowleys Tax Partner, Clare Clifford, shares some key...
Tax
Predictions for the October 2024 Budget: Insights from Rowleys’ Tax experts
18th September 2024
As the Labour Party solidifies its position as the UK government, anticipation is growing around its first major fiscal event. On 30th October 2024, Labour will unveil its much-anticipated Budget, a pivotal moment for individuals and businesses across the country....
General & People
Event – New Government, New Tax Rates: What does it mean for you?
10th September 2024
Join us for an exclusive post-Budget event We're excited to announce that Rowleys is hosting an upcoming event in collaboration with the Leicester Business Festival, taking place at the prestigious Winstanley House in Leicester on Monday, 4th November. This event...
Pensions
Update: Government urged to act following Virgin Media pension case ruling
20th August 2024
In light of the recent developments surrounding the Virgin Media case, there is growing pressure for government intervention, a move that could significantly impact the defined benefit (DB) pension sector. This case, which we initially discussed in our article last...
Tax
Inheritance Tax (IHT): An overview
26th July 2024
Inheritance Tax (IHT) is a tax on the estate (the property, money, and possessions) of someone who has died. Here, we provide an overview of the key elements of IHT, including the basics, thresholds, exemptions, reliefs, planning strategies and insights...
Tax
Navigating tax changes under Labour: What can we expect?
23rd July 2024
Following the general election on July 4th, which resulted in a Labour victory, it’s highly likely that we can expect some tax changes in the coming months. The Labour manifesto included several key points that could, if implemented, have an...
General & People
Life at Rowleys – Emma Smith
9th July 2024
Emma Smith is a Manager in our medical team. Here, she shares more about life at Rowleys. Tell us more about your current role at Rowleys? I am the medical team manager. I manage the workflow of the team as...
Medical
Associated companies rule changes could affect many GP Partners
3rd July 2024
From 1 April 2023, all Limited companies are required to disclosed the number of associated companies on their corporation tax return. Please click on the article below to find out the challange facing GP partners. Red Flag July 2024
General & People
Rowleys welcomes new tax partner
2nd July 2024
Rowleys, a leading East Midlands accountancy firm based in Leicester, is pleased to announce the appointment of Clare Clifford as their new Tax Partner. Clare, a highly respected Chartered Accountant and Chartered Tax Adviser, brings a wealth of experience to...
Medical
Introducing our new GP Update vlog series
26th June 2024
Essential updates for GPs and practice managers General practice faces increasing complexity and higher expectations. Practice managers and partners are under more pressure than ever to deliver exceptional care while managing a multitude of administrative and financial responsibilities. The shortage...
General & People
How the upcoming UK general election could impact tax measures and an overview of the manifestos
24th June 2024
As the UK approaches the general election on 4th July, the potential changes to tax measures have become a hot topic. Both major political parties are keenly aware of the implications their tax policies will have on voters. Here, the...
Payroll
The risks of incorrect payroll data
20th June 2024
Managing payroll efficiently is critical to maintaining employee satisfaction and compliance with legal regulations. Yet, many organisations overlook the complexities involved, often resulting in costly errors. Rowleys payroll manager, Rebecca Gotch, shares more about the risks of incorrect payroll data....
