Blogs

Whilst the United Kingdom officially left the European Union (EU) on 31 January 2020, this prompted the start of an 11-month transitional period during which time the UK remains part of the Single Market, the EU Customs Union and the VAT Territory. With the transitional period due to end on 31 December 2020, it is important to prepare for the changes that will take place from 1 January 2021.

It is always vital to review your financial strategies ahead of the end of the tax year. This is especially true in a year that has seen the coronavirus (COVID-19) pandemic take its toll on individuals’ finances as well as health.

Chancellor Rishi Sunak presented a Summer Economic Update on Wednesday 8 July 2020. In his speech he stated that the government has taken decisive action to protect the UK economy but people are anxious about losing their job and the rise in unemployment.

For a business to grow successfully, it needs to know where it is now – and where it’s capable of going in the future. That means not just having the right financial information, but getting it to work for you.