How could new “open banking enhancements” benefit your business?

Your business could benefit from a new scheme being run by HM Revenue & Customs (HMRC).

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18-year-olds to be included in auto-enrolment expansion

A recently approved Bill proposing an extension to the auto-enrolment (AE) scheme will facilitate “earlier and increased savings” for millions of young people across the UK.

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Closing on the inaugural Economic Crime Levy payment – What you need to know

As we approach the end of September, businesses across the UK are gearing up to meet the inaugural deadline for the Economic Crime Levy (ECL) payment.

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Three steps to simplify your accounting

Accounting doesn’t have to be a time-consuming and complicated task.

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Have your employees claimed their pensions? What business owners need to know

The issue of unclaimed pensions is a growing concern, with numerous individuals unaware of the pensions that are rightfully theirs. Recent data reveals that unclaimed pensions amount to a staggering £28,000 per person.  

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Business expenses you didn’t know you could write off

When you’re running a small business, every penny counts, including those you can save through legitimate tax deductions.

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Planning for Inheritance Tax challenges as penalties surge in 2022/23 tax year

While Inheritance Tax (IHT) is a topic that many find uncomfortable to discuss, it is an unavoidable aspect of estate planning.

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How to save £2,000 in taxes on your childcare costs  

A Government scheme could help parents save up to £2,000 on their childcare costs through tax reliefs aimed at working parents.  

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Cash flow vs profits: a guide for small business owners

As a small business owner, you’ve likely heard the terms “cash flow” and “profits” used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business.

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Cash flow vs profits: a guide for small business owners

As a small business owner, you’ve likely heard the terms “cash flow” and “profits” used interchangeably. However, mixing these financial metrics up can cause severe consequences for your business.

Read more...