Harris & Co

Harris & Co Harris & Co Chartered accountants and Business Advisors We are a firm of chartered accountants who specialise in advising owner managed businesses.

Having spent the last 20 years growing our business from a zero base, we have first hand experience of the issues involved in setting up and running a successful business. We can offer practical solutions to your business issues. Oh and we're great at doing your accounts and saving you tax too!

Government unlocks major finance package for small businessesSignificant reforms to small business finance have been ann...
17/07/2026

Government unlocks major finance package for small businesses
Significant reforms to small business finance have been announced by the government.

The centrepiece of the plans is an expansion of the British Business Bank’s (BBB) Growth Guarantee Scheme (GGS) which provides a 70% government guarantee on commercial loans to SMEs of up to £2 million.

The scheme will scale up to facilitate an additional £2 billion of SME lending per year by 2028/29. This will bring the total SME lending supported through the scheme to £3.35 billion per year, more than double the current £1.35 billion.

The maximum term length of a loan is also increasing from six to ten years for loans of up to £1.1 million.

In addition, the maximum size of businesses that are eligible for a loan under the scheme is rising from £45 million in annual turnover to £54 million.

The BBB estimates these changes will support an additional 12,000 businesses per year by 2028/29, a 150% increase on the 8,000 currently being supported, bringing the total to 20,000.

HMRC tax investigations take up to 8 yearsBusinesses are experiencing delays of up to eight years for tax investigations...
15/07/2026

HMRC tax investigations take up to 8 years
Businesses are experiencing delays of up to eight years for tax investigations by HMRC, according to a Public Accounts Committee (PAC) report. The report reveals that cases involving court disputes now take nearly twice as long as in 2019. On average, multinationals wait eight years and one month for resolution, compared to four years and nine months previously. Saying that this is "far too long," the PAC said: "The complexity of the tax system does not help, nor does the large amount of information that HMRC requests from the large businesses it investigates." It is noted that even non-litigation cases took an average of 17 months to conclude last year.

50m taxpayers could end up paying 40% rate - OBRNearly 50m people in the UK could find themselves in the higher tax brac...
08/07/2026

50m taxpayers could end up paying 40% rate - OBR
Nearly 50m people in the UK could find themselves in the higher tax bracket unless Government spending is controlled, according to the Office for Budget Responsibility (OBR). The report warns that if tax thresholds remain frozen, two-thirds of earners may pay the higher rate of 40% by the late 2060s, with even a full-time worker on the National Living Wage becoming a higher-rate taxpayer. The watchdog warned that relying on tax rises alone to manage rising costs from pensions, healthcare, defence and Net Zero would create economic risks by increasing tax burdens and reducing incentives to work. It also noted that the UK’s tax-to-GDP ratio is expected to rise from 37% in 2019/20 to 43% by 2030/31.

British households have suffered the sharpest fall in wealth since records began, according to new research.A survey of ...
03/07/2026

British households have suffered the sharpest fall in wealth since records began, according to new research.

A survey of 6,000 people carried out by wealth manager St James's Place found average household wealth dropped from £126,482 in 2025 to £104,329 this year, a decline of 17.5%.

The Harris & Co Mini in action on the recent Killarney Classic Tour
01/07/2026

The Harris & Co Mini in action on the recent Killarney Classic Tour

Today is the 36th anniversary of the founding of Harris & Co Chartered Accountants.I've told the story before but it all...
01/07/2026

Today is the 36th anniversary of the founding of Harris & Co Chartered Accountants.

I've told the story before but it all came about at Knebworth 1990. I was talking about the future with my friend Mark Fitzgerald as the bands played. He suggested that I start my own firm of accountants.

I'd never really considered the idea before, but the more I thought about it, the more I warmed to it. By the end of the concert, my mind was made up and so the firm was born!

Looking back over 36 years, we've been blest with some great members of the team and fantastic clients. Between them, they've made our journey over the last 36 years a thoroughly enjoyable one and we look forward to continuing our great relationships into the future.

Under the MTD changes, landlords and sole traders will need to keep records of their income and expenditure digitally an...
29/06/2026

Under the MTD changes, landlords and sole traders will need to keep records of their income and expenditure digitally and send a quarterly summary of business and, or property income and expenses, and their end of year return.

‘In doing so they may incur significant transitional and continuing costs,’ a policy paper from HMRC stated.

HMRC estimates that it will cost each business or landlord around £400 to transition to MTD (and of course some will be both landlords and self employed).

Over 110,000 taxpayers yet to register for MTDMore than 110,000 unrepresented taxpayers who must register for Making Tax...
29/06/2026

Over 110,000 taxpayers yet to register for MTD
More than 110,000 unrepresented taxpayers who must register for Making Tax Digital (MTD) from April 2026 have still not done so, according to the Low Incomes Tax Reform Group (LITRG).
LITRG’s estimates are based on official HMRC statistics on the number of unrepresented taxpayers it estimates will be in scope for MTD from April 2026, alongside recent public comments from senior HMRC officials on registration and sign-up rates.
From April 2026, taxpayers with gross income of more than £50,000 from self-employment or rental income in the 2024/25 tax year are mandated to use MTD unless they are exempt.
From April 2027, the £50,000 threshold falls to £30,000 and then to £20,000 from April 2028.
LITRG believes that of the 216,000 unrepresented taxpayers HMRC expect to be in scope for this year, around 111,000 have still to register.

HMRC set out plans to require mandatory direct debit for VAT and PAYE payments affecting 87% of current registered busin...
25/06/2026

HMRC set out plans to require mandatory direct debit for VAT and PAYE payments affecting 87% of current registered businesses and sole traders

A massive change in VAT and PAYE is coming as HMRC consults on plan to require all payments to be made by direct debit rather than by bank transfer, card or even cheque, except for the largest businesses

The move will affect an enormous 2.4 million companies, sole traders and employers, HMRC said.

IHT enquiries surge to six-year highHMRC has reported a significant rise in inheritance tax enquiries, reaching 4,940 in...
24/06/2026

IHT enquiries surge to six-year high
HMRC has reported a significant rise in inheritance tax enquiries, reaching 4,940 in the last financial year, an 18% increase from the previous year. This comes as IHT receipts hit a record £8.5bn, driven by frozen thresholds. Only 40% of compliance checks led to an amendment, down from 45% the year before and 83% in 2021.

Address

2 Pavilion Court
Northampton
NN47SL

Opening Hours

Monday 7:30am - 5:30pm
Tuesday 7:30am - 5:30pm
Wednesday 7:30am - 5:30pm
Thursday 7:30am - 5:30pm
Friday 7:30am - 5:30pm

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