The 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 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 MORETo successfully grow your business, you need to not only know your current business position but also where you want to be in three or five years’ time. Short-term, medium-term, and long-term plans will help to achieve your goals. How do I ...
READ MOREHM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food. This move comes amidst potential confusion amongst business owners regarding the varying VAT rates ...
READ MOREInheritance Tax (IHT) can be a sensitive and uncertain topic when discussing with loved ones, but it is something that cannot and should not be avoided. Let’s explore the basics of Inheritance Tax, along with how it impacts your finances so ...
READ MOREBetween the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area. With this in mind, compliance ...
READ MOREThe current economic climate is less than favourable for small and medium-sized enterprises (SMEs). Due to this, it is important for SMEs to continually seek innovative and efficient ways to fuel their growth and overcome financial challenges. One innovative solution that has ...
READ MOREHis 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 ...
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