Business Monthly Newswire - May 2025

This monthly newswire offers insights for businesses on several key topics. It advises companies on strategies to navigate the impacts of US tariff increases, suggesting methods to protect sales, track costs, and potentially leverage new opportunities. It also highlights upcoming regulatory changes, including the new identity verification system for UK company directors and significant control persons and the implementation timeline for Making Tax Digital for Income Tax for eligible sole traders and landlords. Finally, the newsletter outlines recent employment law changes, explaining the new leave and pay entitlements for parents of babies requiring neonatal care and the requirement for businesses to conduct right-to-work checks for gig economy workers.

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