Supporting staff through the cost-of-living crisis
Nov 01, 2022
Many UK employers are topping up pay packets of valued employees with a cost-of-living payment when they are unable to offer a pay rise. The Chartered Institute of Personnel and Development (CIPD) summer Labour Market Outlook for 2022 found that 15 per ...
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Have you filed your online Self-Assessment form?
Oct 28, 2022
The clock is ticking for taxpayers, as the countdown to submit online Self-Assessment tax returns has begun. With less than 100 days to go, HM Revenue and Customs (HMRC) is reminding people that they have until 31 January 2023 to submit ...
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How SMEs can avoid becoming victims of fraud
Oct 25, 2022
With SMEs throughout the country struggling to grow and maximise profits, given the economic headwinds, fraud could be a major problem. According to the Metropolitan Police, fraud can come from anywhere, including: Staff members Customers Suppliers Third parties, unconnected to the ...
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Management Accounts: Why do you need them?
Oct 21, 2022
Management accounts are a set of regular reports created to provide insight on the financial performance of your business. Generally produced monthly or quarterly, they are essential to how you operate, allowing a better understanding of your current financial position, and ...
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Tax-free shopping for overseas visitors scrapped
Oct 18, 2022
Recent plans to reintroduce tax-free shopping for international visitors in the UK have been scrapped. Last month, former Chancellor, Kwasi Kwarteng reintroduced tax-free shopping as part of his mini-Budget. However, the new Chancellor, Jeremy Hunt, repealed this measure in his fiscal statement ...
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Is this the end of paper-based trading documents?
Oct 13, 2022
Did you know that an estimated 28.5 billion paper trade documents are printed and distributed across the globe every day? The Electronic Trade Documents Bill, introduced to parliament yesterday, aims to reduce this figure, as well as boost the UK’s international ...
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Flat Rate Scheme: What do you need to know?
Oct 11, 2022
When running a business, ensuring you get VAT right is vital. So, how can you make things easier? Designed to streamline record-keeping, the VAT Flat Rate Scheme allows you to pay or claim back a simplified fixed rate of VAT to ...
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What does ESG mean for your business?
Oct 07, 2022
Environmental, Social and Governance (ESG) is a set of regulations designed to assess a business’ influence on society, the environment, and its transparency on such matters. With the CBI revealing that ESG impacts two-thirds of those looking to invest in a business, you ...
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Will the falling pound help boost tourism?
Oct 04, 2022
Acting as a silver lining amidst a storm of uncertainty, the crashing pound is likely to attract more US visitors to the UK, it has been suggested. The pound plunged to a record low against the dollar after the Chancellor, Kwasi ...
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33,000 new loans available for small businesses
Sep 30, 2022
An £884 million loan scheme for new businesses is to be expanded, it has been revealed. Announced by Business Secretary Jacob Rees-Mogg last week, there are 33,000 new loans available, offering much needed financial support to start-ups across the UK. The scheme’s ...
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