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Weekly Business News

Higher tax threshold for side hustles: What could it mean for you?

March 17th Business News

Welcome to the DPC round up of some of important business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you!

To view previous business newsletters, click here

Monthly Tax News

Hello March

March 2025 Tax News

In this edition we look at Making Tax Digital For Income Tax, timing of disposals and elections for Capital Gains Tax, Loan Charge review, tax Implications for trading on platforms such as Amazon and Ebay, annual tax on Enveloped Dwellings and advisory fuel rates for company cars.

To view previous tax newsletters, click here

DPC Tax Bites

Our DPC tax specialists speak out on topical issues relating to how tax and legislation effect you.

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Tax Apprentice
Apprenticeships

Tax Apprentice

You will follow the apprenticeship standard for Taxation Technician alongside internal training, to gain the necessary skills and knowledge to assist the tax team in the management and delivery of tax services for DPC clients.

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Accounts and Audit Apprentice
Apprenticeships

Accounts and Audit Apprentice

You will follow the apprenticeship standard for Accounts/ Finance Assistant alongside internal training, to gain the necessary skills and knowledge to assist the accounts and audit team in the management and delivery of business services for DPC clients.

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Practice News

National Apprenticeship Week 2025

National Apprenticeship Week 2025

We have now concluded a week of apprenticeship celebrations as part of National Apprenticeship Week 2025 and what a positive and inspirational week we had! Our People and Culture Manager Rachel Hughes attended the Apprenticeship and Skills Panel Breakfast hosted by Keele Gateway.

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Rachel and Nathan help NULASC group focus on the progression opportunities available to them within the accountancy profession

NSCG welcome DPC staff to address their students

Sharing their experiences of working for the Stoke-on-Trent business who were recently awarded ‘SME Employer of the Year Regional Finalist’ in the National Apprenticeship and Skills Awards, Rachel and Nathan helped the group to focus on the progression opportunities available to them within this in-demand profession.

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Sumer has been recognised in this year’s Top 50+50 Accountancy Firms, by Accountancy Age!

DPC are part of the fastest growing accountancy firm in the UK!

Sumer has been recognised in this year’s Top 50+50 Accountancy Firms, by Accountancy Age! It’s official, we’re now the fastest growing accountancy firm in the UK! It’s not just about numbers or rankings; it’s about the incredible team that made it happen and the trust of the clients who believe in us.

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Blogs and Articles

Higher tax threshold for side hustles: What could it mean for you?

Higher tax threshold for side hustles: What could it mean for you?

Last week, the tax minister responsible for HM Revenue and Customs (HMRC), James Murray, delivered a speech marking the 20th anniversary of HMRC. Previously, the UK’s tax authority was known as Inland Revenue. During the speech he highlighted some simplifications that are planned. Of particular interest was the announcement of plans to increase the Income Tax Self Assessment (ITSA) reporting threshold for gross income from £1,000 to £3,000.

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Five business failures and the lessons they teach

Five business failures and the lessons they teach

Success in business is never guaranteed, even for brands that dominate their industry for decades. A recent episode of the BBC Radio 4 show, Toast, explored five once-thriving companies: Little Chef, Vine, Mothercare, Green Shield Stamps and Safeway. Each of these businesses were very successful for a period of time, but for one reason or another ultimately failed.

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New legislation aims to drive building boom

New legislation aims to drive building boom

The Planning and Infrastructure Bill was introduced to Parliament last week. The legislation is being heralded as bringing transformative reforms to the UK building sector that will boost homebuilding and remove obstacles to needed infrastructure.

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Your voice could be your password

Your voice could be your password

HM Revenue and Customs (HMRC) have plans to use a callers voice as their password in an effort to speed up phone calls. In systems that are being used by banks, a customer’s voice recording is turned into encrypted biometric data, which is then used when they call to clear security checks. HMRC are planning to trial a system like this.

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Safe working with screens: What employers need to know

Safe working with screens: What employers need to know

The Health and Safety Executive are reminding employers about their responsibilities to protect workers from the health risks that come from working with display screen equipment (DSE), including PCs, laptops, tablets and smartphones. The Health and Safety (Display Screen Equipment) Regulations apply to any worker that uses DSE on a daily basis for continuous periods of an hour or more.

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New import bans following foot and mouth case

New import bans following foot and mouth case

Following a confirmed case of foot and mouth disease at a cattle farm in Hungary’s north-west, new import bans have been announced. The commercial import from Hungary and Slovakia of cattle, pigs, sheep, goats and other non-domestic ruminants and porcines such as deer and their untreated products, such as fresh meat and dairy, are now banned.

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Latest statistics from ACAS: Employers proactive about finding information

Latest statistics from ACAS: Employers proactive about finding information

In their latest blog, ACAS (Advisory, Conciliation and Arbitration Service) revealed some insights from their latest helpline and early conciliation data. They report that the demand for their services continues to trend up. Their helpline service handled around 158,500 calls in the final quarter of 2024, which is an increase of 11% on the previous quarter. Web traffic has also increased significantly: up by nearly 20% on the previous year.

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Funding announced for ‘exporting’ UK music acts

Funding announced for ‘exporting’ UK music acts

The Music Export Growth Scheme (MEGS) will be using their latest round of funding totalling £1.6 million to help support 58 UK artists to tour the world. The funding will help small and medium sized music companies with their marketing and promotion campaigns for their artists touring abroad. The aim is to attract new fans, overseas touring opportunities and revenue.

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Red tape to be cut for payments systems

Red tape to be cut for payments systems

The government has announced plans to lay legislation that will end the Payment Systems Regulator (PSR). The PSR currently looks after payment systems such as Faster Payments and Mastercard. However, its role will be consolidated into the Financial Conduct Authority.

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Spring Statement news: Public spending cuts likely

Spring Statement news: Public spending cuts likely

News reported last week said that the Chancellor has put together draft plans for spending cuts to welfare and other government departments. At the time of the 2024 Autumn Budget, the Office for Budget Responsibility (OBR) said that there was a £9.9 billion buffer available against the Chancellor’s own self-imposed borrowing rules.

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Plug-in van grant extended for another year

Plug-in van grant extended for another year

The Future of Roads Minister, Lillian Greenwood, has confirmed that the plug-in van grant will be extended for another year. The plug-in grant means that businesses can obtain grants of up to £2,500 when buying an eligible small van up to 2.5 tonnes and up to £5,000 for an eligible larger van up to 4.25 tonnes.

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New contract agreed for GPs

New contract agreed for GPs

A new deal for GPs has been agreed between the government and the British Medical Association (BMA). Proposed reforms that were accepted by the BMA include an overall funding uplift of £889 million for the 2025/26 GMS contract. This represents a 7.2% boost to the contract, which is higher than the increase to the NHS budget as a whole.

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Farming reforms to boost profitability

Farming reforms to boost profitability

The government has announced its plans for new policies that it expects will make farming more profitable. Steve Reed, the Secretary of State for Environment, Food and Rural Affairs, said: “The underlying problem is that farmers do not make enough money for the hard work and commitment they put in.” He went on to say that his focus “is on ensuring farming becomes more profitable.”

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Health and Safety: Lessons from Tamworth Snowdome

Health and Safety: Lessons from Tamworth Snowdome

A tragic incident at the Tamworth Snowdome has highlighted the critical need for businesses to properly assess and manage health and safety risks. Twelve-year-old Louis Watkiss tragically lost his life during a tobogganing birthday party at the indoor skiing venue on 24 September 2021.

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Guidance on maintaining secure networks

Guidance on maintaining secure networks

The National Cyber Security Centre have published new guidance for organisations on network security fundamentals. Using networks has become fundamental to many businesses, ensuring they continue to operate and stay secure.

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Budget 2024

Budget 2024

On 6 March 2024, Chancellor Jeremy Hunt presented his Spring Budget to Parliament. In the knowledge that the government must hold a general election before 28 January 2025, this was a Budget designed to restore confidence and win voters. But on the heels of Britain entering a recession and downgraded Office for Budget Responsibility (OBR) forecasts, the Chancellor had his work cut out.

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