Due a tax rebate? Keep an eye on your account
9 Apr 2024
In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment.
Redundancy regulations are changing – What it means for your payroll and policies
8 Apr 2024
From 6 April 2024, UK redundancy rules will change, particularly surrounding pregnant employees and those on family-related leave. The new legislation extends the ‘protected period’ for redundancy to 18 months after the birth or adoption placement, requiring employers to prioritise
HMRC income tax receipts rise by £2 billion
8 Apr 2024
HM Revenue & Customs (HMRC) recently reported a £2 billion increase in income tax receipts, reflecting a strong self-assessment period and an evolving dynamic within the tax landscape. The Government’s recent changes, including adjustments to National Insurance Contributions (NICs), have
A third of UK business owners do not know their company’s value – do you?
8 Apr 2024
New research by Marktlink suggests that around 33 per cent of UK business owners are unaware of the value of their company – only slightly lower than the European average figure of 40 per cent. While you are not alone
Are barriers to investment harming your productivity?
8 Apr 2024
A survey by the Bank of England (BoE) and the Department of Business and Trade has identified a potentially significant challenge facing SMEs on their journey towards growth. The survey’s findings indicate that investment is crucial to sustaining growth for
New tax year – New tax rules
8 Apr 2024
With the start of the new tax year, taxpayers can expect significant changes that will directly impact their finances in the next tax year (2024/25). If you haven’t already, it’s time to closely examine your financial planning, including savings, investments,
Five steps to growing your business, safely
5 Apr 2024
There is an inherent degree of risk in any business growth strategy – but keeping this risk to a minimum can help you grow your business without sacrificing your hard work. Growing your business hinges on your ability to take
Redundancy changes for new parents
26 Mar 2024
The law surrounding redundancy for new parents is set to change from 6 April.
What are the implications of MTD for ITSA for SMEs?
13 Mar 2024
The introduction of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is going to create some upheaval within the SME sector. No doubt, some of you are already using MTD-compliant software to file your taxes or your accountant
The Employment (Allocation of Tips) Act 2023 – Understanding the impact on pay in the hospitality sector
13 Mar 2024
In a significant development for the hospitality industry, the Employment (Allocation of Tips) Act 2023 (the Act), which received Royal Assent on May 2, 2023, is set to revolutionize tipping payment practices across the UK. Due to come into force
