Like all businesses, law firms have seen a rise in operating costs in 2025 due to wage increases, fiscal policy changes, rising energy prices and broader economic pressures. As the final quarter of the year approaches, law firms are entering professional indemnity insurance renewal season, with the cost of premiums remaining high, at between 3% and 9% of annual turnover, with the most common amount being 5%.

Accountants and financial advisers are increasingly seeing clients struggling to pay tax bills with the average bill they are struggling to pay coming in at £120,000, new research from Premium Credit, a leading provider of finance for businesses, shows.

Nearly 500,000 SMEs say they have missed tax payment deadlines in the past three years with 19% of them admitting to missing five or more in the past 12 months, new research2 from Premium Credit, a leading provider of finance for businesses, shows.

Against an inflation rise to 3.6% and steadily increasing operational costs, cash flow for many regulated firms may be coming under extra strain.

Around one in five SMEs believe it will become more difficult to pay tax bills in the year ahead as business tax rises come into effect, new research from Premium Credit shows.

Premium Credit, a leading provider of insurance premium finance (IPF) and specialist payment solutions, is pleased to announce the appointment of Alan Scott as Director of Partner Relationships. Alan will focus on deepening collaboration with broker partners to drive mutual growth, increase customer offer and penetration rates, and enhance the overall partner experience.