HMRC targets overseas taxpayers
HM Revenue & Customs (HMRC) has continued to run campaigns to ensure that overseas workers, registered in the UK, are paying the correct taxation rates. Taxpayers that have overseas assets and income may still be obligated to pay UK tax
What’s on the horizon for taxation?
Businesses are holding their breath as the upcoming Autumn Statement threatens to change the tax landscape of the UK. Chancellor of the Exchequer, Jeremy Hunt, announced that he will present the Statement to Parliament on 22 November 2023. The cost-of-living
Almost 50 per cent of businesses forget vital R&D forms
Research and development (R&D) tax relief claims are a vital way to offset your business costs against profits and promote technological innovation and advances. However, filling in the mountain of paperwork associated with R&D claims can be tedious and time-consuming
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.
The rise of the machines – How AI can elevate your SME to new heights
In a world where technological advancements are reshaping industries, small and medium-sized enterprises (SMEs) cannot afford to be left behind. The hesitance to embrace new technologies, epitomised historically by movements like the Luddites in the 19th Century, can impede growth
Can you afford a £7,300 fine from Companies House?
You must file your company accounts, to avoid late filing penalties, Companies House is warning. All companies must file annual accounts with Companies House each year, regardless of whether they are trading or not, or whether they are public or
When are interest rates likely to fall and why does it matter to you?
After the fourteenth consecutive increase in interest rates since 2021, many business owners will be asking themselves the same thing: “When will interest rates finally fall?” The higher the interest rates, the more money you pay on your debts like
Chief UK economist warns of period of stagnation – How will this affect your SME?
Stagnation is a prolonged period of little or no growth in the economy and it can have a serious impact on your business. Whilst talking to The Guardian, Samuel Tombs, a leading UK economist, claimed that stagnation will cause “businesses
Could you enjoy a slice of the £1.6bn creative industry tax reliefs?
If your company is involved in the creative industry, then it could be eligible for significant tax relief from the Government. These tax reliefs support the Government’s objective of becoming the technological centre of Europe by promoting growth in the
Three tips for managing maternity and paternity pay for small businesses
As experts in the field of accountancy, we understand the unique challenges business owners face when it comes to payroll. We’ve put together three essential tips to help you manage maternity and paternity pay, ensuring legal compliance and employee satisfaction.
