Business
18-year-olds to be included in auto-enrolment expansion
Sep 21, 2023
A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate "earlier and increased savings" for millions of young people across the UK. Whilst this is undoubtedly a positive thing for the pension savings of young people and ...
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Closing on the inaugural Economic Crime Levy payment – What you need to know
Sep 19, 2023
As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment. HM Revenue & Customs (HMRC) has enabled this process by launching an online payment service, ...
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Three steps to simplify your accounting
Sep 14, 2023
Accounting doesn't have to be a time-consuming and complicated task. By breaking down the accounting process into manageable steps, you can simplify your accounting and have a clearer view of your business’s financial health. Below are three steps to get you started: Utilise ...
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Have your employees claimed their pensions? What business owners need to know
Sep 12, 2023
The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed pensions amount to a staggering £28,000 per person. As an employer, you have a pivotal role ...
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Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year
Sep 05, 2023
While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning. With HM Revenue & Customs (HMRC) collecting a significant £2.28 million in IHT penalties in the last tax year, it ...
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Cash flow vs profits: a guide for small business owners
Aug 29, 2023
As a small business owner, you've likely heard the terms "cash flow" and "profits" used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business. The distinction between the two can significantly impact your business's financial health ...
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Self-Assessment benefits for small businesses
Aug 22, 2023
As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more. Beyond its regulatory nature, Self-Assessment can be an invaluable tool for evaluating ...
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How businesses can navigate and avoid tax disputes with HMRC
Aug 01, 2023
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted ...
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HM Revenue & Customs pledge £5.5 million to support customers
Jul 25, 2023
HM Revenue & Customs (HMRC) has recently stated that they will pledge £5.5 million to organisations who are in the voluntary and community sectors to help support customers organise their taxes. The last voluntary or community sector organisation (VCS) grant was ...
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How businesses can tackle late payments while preserving business relationships
Jul 18, 2023
There can be nothing more frustrating for business owners than waiting on payments from clients. Unfortunately, these instances happen frequently, and while some payments will come in only a few days late, other payments can take a lot longer and will ...
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