His Majesty the King's speech, at the state opening of Parliament, is a significant event for businesses and financial professionals who rely on Government regulation to function effectively and within the law. Last week’s speech outlined the Government's legislative agenda, signalling ...
READ MOREThe Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements. Changes in holiday entitlement calculation The Government has opted against adopting a 52-week reference period for holiday entitlement. Now, the calculation of holiday entitlement ...
READ MOREThere are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns below ...
READ MOREThe recent Royal Assent of the Procurement Act marks a significant milestone in the evolution of public procurement. The Act, which is due to be implemented in October 2024, ushers in a new era of procurement, one that promises to be ...
READ MOREWhen it comes to business decisions, taking an objective view is essential. But distinguishing your thoughts from the facts is easier said than done. You must try to recognise your, personal, impact on your business and take action to limit this. What ...
READ MOREWhen it comes to tax planning, timing is everything. The end of the financial year might seem like the obvious period to get your accounts in order, but why risk a tax season rush? Halloween is near the mid-point of the tax ...
READ MOREMost businesses are already using cloud accounting software to manage their finances. However, not all of them are taking full advantage of automated processes to streamline their accounting process. There are various types of apps and software services available that can ...
READ MOREThe term "double-entry bookkeeping" is often mentioned as a cornerstone for managing a business's finances. But what does it mean, and why is it so universally adopted? Below, we aim to demystify double-entry bookkeeping for small business owners and explain why it ...
READ MORECapital Gains Tax (CGT) is one of those terms that often elicits a groan from private clients, but understanding its intricacies can be incredibly beneficial in the long run. CGT has, after all, a significant influence on your estate planning and ...
READ MOREAmong the long list of financial responsibilities that you must handle as a business owner is ensuring PAYE are made on time. In October 2023, the electronic payment deadline for your PAYE tax bill falls on Sunday, 22 October. To ...
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