15 Aug 2024
Recently, many pensioners received surprising news: a tax bill for the first time. This stems from HM Revenue & Customs (HMRC) decision to send letters to over 140,000 pensioners, who have taxable income but are not filing Self-Assessment. In total, 560,000 pensioners will receive letters, covering the 2023/24 tax year. Why is this happening? The […]
Read more...15 Aug 2024
Recently, there has been a significant increase in company closures due to petitions from creditors, particularly HM Revenue & Customs (HMRC). In 2023, forced closures rose by 63 per cent compared to 2022. This spike is mainly due to high interest rates making Covid-era debts hard to manage, along with HMRC’s backlog of cases. Many […]
Read more...15 Aug 2024
The issue of late payments has become a growing concern for small businesses. Recent data from Xero Small Business Insights reveals that, on average, payments were made 7.3 days late between April and June 2024. This is an increase of 1.8 days from the previous quarter. This marks the largest quarterly increase in late payments […]
Read more...15 Aug 2024
HM Revenue & Customs (HMRC) is reaching out to around 560,000 individuals over the next few weeks regarding their tax obligations.
Read more...14 Aug 2024
Storms, heavy rain, and other severe weather conditions can cause major damage to your business premises, leading to costly repairs, loss of revenue, and in some cases, even financial ruin.
Read more...13 Aug 2024
With the rapid adoption of Artificial Intelligence (AI) across various industries, businesses are increasingly integrating AI into their operations.
Read more...8 Aug 2024
It goes without saying that submitting tax payments promptly is a necessity for businesses, not only to remain compliant but also to avoid unnecessary fines and penalties.
Read more...7 Aug 2024
Recent Government data has revealed a drop in Capital Gains Tax (CGT) payments and the number of individuals paying it, a trend that might have important implications for the future.
Read more...6 Aug 2024
With businesses across the UK adopting Artificial Intelligence (AI) into their business in some form or another, it’s time to take a look at the genuine dangers of using it that warrant careful consideration.
Read more...1 Aug 2024
Directors’ loans are money you borrow from your company, distinct from salary, dividends, or reimbursed expenses.
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