PAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions (NICs) on specific benefits provided to employees. These agreements simplify settling tax liabilities on minor, irregular, or impractical expenses and benefits, ...
READ MOREThe burden on small and medium-sized enterprises (SMEs) is already quite heavy due to the current economic climate, but it may worsen in the coming months, with potential changes to Capital Gains Tax (CGT) being considered in the October Budget. If ...
READ MOREThere have been a lot of political changes in recent months, but the outlook for small and medium-sized enterprises (SMEs) remains gloomy. According to recent research by Virgin StartUp, half of small business owners are worried their business might not survive ...
READ MOREThe recent announcement by the new Labour Government to introduce a National Wealth Fund has sent ripples of excitement throughout the business community. With £7.3 billion in funding from the UK Infrastructure Bank, this initiative promises to be a significant boon ...
READ MOREIn recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK. The Tony Blair Institute's chief economist predicts taxes may need to rise by 1.9 percentage points of ...
READ MOREWill Labour's agenda in the King's Speech signal major tax changes for businesses in 2025? As the opening of Parliament approaches on 17 July, businesses across the country are bracing for the King's Speech, which is expected to outline the Labour ...
READ MOREAs an employer, it’s crucial to support your team not only during working hours but also in their personal lives. Recognising and promoting benefits that improve their daily lives, like easing the financial burden of childcare, is essential for keeping employees ...
READ MOREThe number of electric cars on our roads is rising rapidly. In 2023 alone, the number of new electric vehicles rose by 18 per cent and there are now some, 1.1 million fully electric cars on UK roads, according to ...
READ MOREFacing your first financial audit can be intimidating, yet it is an essential task for many businesses. Why are you being audited? Understanding the purpose behind your audit is the first step. Audits generally occur for three primary reasons: You are legally ...
READ MOREStaff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them. Many employers fail to consider statutory payments in addition to ...
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