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Hospitality business owners: how should you distribute tips between staff members?

Apr 22, 2022

When starting up a hospitality business, it is important to factor in that some customers may choose to tip members of staff. This poses the question of how tips should be distributed between staff, with the consideration of who will organise ...

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Discovery assessments: Catch up with the latest changes

Apr 19, 2022

Discovery assessments look set to be applied to the High-Income Benefit Charge under new legislation set out by the Government. A loophole regarding discovery assessments and the charge was brought to light following the case of HMRC V Mr Wilkes last ...

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Dividends V Salary: Making profits pay for your salary

Apr 14, 2022

We all want to keep more of our hard-earned money. For business owners, it can be a difficult balancing act to find the most tax-efficient way to get paid from the company’s profits. This is where the dividend versus salary debate ...

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Corporation Tax: could you be missing out on tax reliefs?

Apr 11, 2022

Knowing which taxes your business is liable for can feel a bit overwhelming, which can result in you not recognising opportunities to save on tax. If you have a limited company or a foreign company with a UK branch, you will ...

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Steep price rise warning as hospitality businesses yet to receive Omicron funding

Apr 07, 2022

The hard-pressed hospitality industry is facing some difficult choices after the temporary cut in VAT to 12.5 per cent reverted to the full 20 per cent. It will result in double-digit price increases for consumers as operators struggle to survive, leading ...

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Ready to kick start your own business?

Apr 04, 2022

Deciding to start your own business can feel like a leap of faith but being prepared for the steps you will need to take can ameliorate this lack of confidence. With a wave of young people aspiring to become entrepreneurs, along ...

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Latest deadline for Making Tax Digital for VAT comes into force imminently

Mar 31, 2022

A major change in the way VAT is reported comes into force from tomorrow. Every small business that charges VAT will have to file accounts through the HM Revenue & Customs (HMRC) Making Tax Digital (MTD) system. All VAT-registered businesses must ...

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How can you cope with the cost-of-living crisis?

Mar 29, 2022

Many are feeling the impact of the increasing cost of living on their finances, with the inflation rate soaring to a 30 year high of 6.2 per cent in February. As prices rise across the UK, from the strain of increased ...

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Real-time online sanctions tracker to assist importers and exporters

Mar 25, 2022

As the war in Ukraine rages, UK SMEs are facing new import and export headaches on top of any problems already being experienced with Brexit. Any business involved in international trade, whether importing, exporting or part of the supply chain supply ...

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Spring-Statement-2022

Spring Statement 2022 Summary

Mar 23, 2022

  Exactly two years since the first lockdown was announced, the eyes of the public were firmly fixed on the Chancellor, Rishi Sunak, as he rose to the despatch box in the House of Commons to deliver ...

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