Between 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 MOREFor small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex. The new HM Revenue & Customs (HMRC) app seeks to make the process easier, however. The digital tool marks a significant shift ...
READ MOREWith a General Election looming on the horizon, Jeremy Hunt rose to deliver his second Autumn Statement as Chancellor in the knowledge that his latest measures could have a substantial impact, not only on the future economic success of the nation but ...
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 ...
READ MOREThe Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements. Changes in holiday entitlement calculation The Government has opted against adopting a 52-week reference period for holiday entitlement. Now, the calculation of holiday entitlement ...
READ MOREThere are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns below ...
READ MOREThe recent Royal Assent of the Procurement Act marks a significant milestone in the evolution of public procurement. The Act, which is due to be implemented in October 2024, ushers in a new era of procurement, one that promises to be ...
READ MOREWhen it comes to business decisions, taking an objective view is essential. But distinguishing your thoughts from the facts is easier said than done. You must try to recognise your, personal, impact on your business and take action to limit this. What ...
READ MOREWhen it comes to tax planning, timing is everything. The end of the financial year might seem like the obvious period to get your accounts in order, but why risk a tax season rush? Halloween is near the mid-point of the tax ...
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