The UK economy is built on SMEs and innovative entrepreneurs. In 2022/23, over 800,000 new businesses were registered nationwide, an increase of 6.4 per cent on the previous period. SMEs are significant contributors to wider economic health and their continued existence ...
READ MOREManaging payroll effectively is crucial, especially when it involves apprenticeship wages. Employers must adhere to government regulations to avoid potential fines, penalties and disputes. If your organisation runs an apprenticeship scheme, it is important to understand their specific pay requirements and ...
READ MOREAlternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for your business? Apprenticeship opportunities are far more diverse and accessible for businesses than many people think. We’re going to lift the veil ...
READ MOREThe Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year. The Guardian reported: “Rishi ...
READ MOREThe 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information. They use this code to assign a standard tax code, usually in new employment, complex tax situations, or as an emergency measure. HMRC’s ...
READ MOREConsistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth. Naturally, year-end accounts will form the backbone of your reporting – but, for a full picture, don’t stop there. To properly carry out your ...
READ MOREFrom April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll software. This change eliminates the need for separate paperwork and simplifies the process. Ultimately, the ...
READ MOREAlthough it can have negative connotations, debt is inevitable for most businesses. Loans are huge contributors to growth for a lot of small businesses, so it isn’t uncommon for business owners to have to balance repaying loans with investing in their ...
READ MOREEnvironmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice for company cars as a result. This shift is as much about saving the planet as it is about the significant ...
READ MOREIf you employ one or more people for paid work, it’s essential that you have a properly managed payroll. Representing a significant cost to businesses and of high importance to employees, labour costs must be managed correctly – which includes paying ...
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