Marygold & Co. launches Money Pools for SMEs with real-time tax buffers to help ring-fence finances and ease financial pressures. Matthew Parden, CEO of Marygold & Co., Britain’s newest money management app, is available to discuss how British business can best deal with 2025’s financial uncertainty.
Small businesses across the UK are now under increasing financial strain, not only due to President Trump’s newly imposed 10% tariff on British exports to the US, but also as a result of rising domestic costs. Since April 2025, operational expenses have surged following a series of government policy changes, including a 6.7% rise in the National Living Wage to £12.21 per hour for over-21s, and an increase in employer National Insurance contributions from 13.8% to 15%. For a full-time employee earning £25,000, these adjustments add approximately £1,837 to annual employment costs – placing further pressure on already stretched small business budgets. As the UK begins its new tax year and with inflationary pressures set to climb, firms must be even more proactive in their financial planning. Marygold & Co., the UK’s latest money management app, is able to transform how Brits handle their finances amidst economic uncertainty, especially when managing taxes, offering a suite of innovative features to best prepare entrepreneurs and their tax allocations.
For self-employed workers, one of the most common financial pitfalls is confusing revenue earned with revenue owned. Marygold’s national research reveals that 13% of self-assessment taxpayers have signed up for default payment plans due to poor tax budgeting, with nearly one in eight business owners struggling to manage their tax liabilities. Alarmingly, 12% of entrepreneurs have suffered financial setbacks, and 13% have had to abandon their businesses altogether due to this oversight.
The launch of Marygold’s ‘Money Pools’ comes at a critical time when millions of Brits are feeling the strain of record debt and reduced savings, and by addressing key pain points like tax mismanagement and financial planning, the app aims to empower users to take control of their money and reduce the stress of navigating tax obligations. Introducing features such as real-time tax buffers, VAT allocations, self-assessment reminders, and tax deadline nudges, Marygold offers tools to ensure users don’t accidentally spend money allocated for taxes. By helping to ring-fence funds and avoid financial missteps, the app provides much-needed support for the self-employed and those navigating the UK’s complex financial landscape.
Matthew Parden, CEO and co-founder of Marygold & Co., comments on how banking apps can be better tailored to help UK business owners deal with rising costs in 2025
“The results of the research make clear that the banking industry either fails to understand the behaviour of business owners, or chooses to ignore it. We make or defer decisions every day based on our emotions including those impacting our finances. Banking apps could help us make better choices by recognising that we and our businesses are unique, and should provide features that take account of our innate tendencies. Imagine a world where we would all benefit from a personal money minder helping us make optimal decisions and having our best interests at heart.”
