Business growth

Data from HMRC revealed that over 11.5 million taxpayers submitted their self-assessment tax returns by the 31 January deadline for the 2023 to 2024 tax year, with over 31,000 people leaving it until 11-11:59pm on the day.  But understanding how to navigate this isn’t as simple as filling in a form and hoping for the best — and definitely not one to leave until the final hour.

Running a business means handling payments day in and day out, from paying your staff to collecting money from customers. While there are plenty of ways to move money around, one of the most trusted methods in the UK is the Bacs payment. But what is Bacs, and how does it work for businesses? 

With the 2025 FA Cup Final fast approaching, football fans across the UK are gearing up for a thrilling day of action. Teams will be cheered on, viewers will watch from home, and pubs will no doubt be filled with passionate supporters. In other words? This year’s event will be a huge opportunity for hospitality businesses across the country to flourish.

As of 2024, there were 4.29 million self-employed people in the UK, which means that registering and reporting all that extra income via a Self Assessment tax return has never been more crucial. But, if you’re a small business owner submitting a Self Assessment tax return, knowing where to begin can be confusing if your business is only just finding its feet.

In the fast-paced world of business, your company needs to be able to make quick, efficient and high-value payments as swiftly as possible. This is where the CHAPS transfer method steps in, offering a robust solution for those critical, larger-sum transactions.  But what exactly is a CHAPS transfer, and is this payment option something that all businesses should consider using? We’ll deep dive into everything you need to know about CHAPS payments.