30 Apr 2024
If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) – at least once every three months.
Read more...25 Apr 2024
Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors.
Read more...24 Apr 2024
In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.
Read more...23 Apr 2024
If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).
Read more...18 Apr 2024
Many believe that business plans are only necessary for start-ups and new enterprises.
Read more...17 Apr 2024
Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report their income and manage their tax affairs.
Read more...16 Apr 2024
In an eye-opening revelation, the latest figures for the 2020-21 tax year have showcased the immense potential of Individual Savings Accounts (ISAs) in the UK. With the largest ISA pot exceeding £11.6 million, according to a recent Freedom of Information request, and the top 25 ISA investors holding an average of £11,660,000 each, it’s clear […]
Read more...16 Apr 2024
In a recent turn of events that could signal a positive shift in the UK’s economic landscape, a closely watched survey has revealed that UK consumers’ confidence in their personal finances has reached its highest level in over two years. According to research firm GfK, the outlook on individuals’ financial situation for the year ahead […]
Read more...16 Apr 2024
UK pensions are on the cusp of a significant transformation, thanks to the concept of a “Pot for Life.” Since the introduction of auto-enrolment, which has seen a remarkable uptake with 88 per cent of eligible employees now participating in workplace pensions as of 2022, the focus has shifted towards addressing the complexities arising from […]
Read more...16 Apr 2024
There is an inherent degree of risk in any business growth strategy – but keeping this risk to a minimum can help you grow your business without sacrificing your hard work. Growing your business hinges on your ability to take calculated risks, whether that be by investing in innovation or by taking on a new […]
Read more...16 Apr 2024
A survey by the Bank of England (BoE) and the Department of Business and Trade has identified a potentially significant challenge facing SMEs on their journey towards growth. The survey’s findings indicate that investment is crucial to sustaining growth for SMEs, but that many businesses faced barriers to accessing finance to make sufficient investment in […]
Read more...16 Apr 2024
New research by Marktlink suggests that around 33 per cent of UK business owners are unaware of the value of their company – only slightly lower than the European average figure of 40 per cent. While you are not alone if this applies to you, you must know what your business is worth. Why? Let […]
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