| 24-07-2023
During the COVID pandemic the government relaxed the conditions to enable those working from home to be paid £6 a week tax free by their employer, or, where that was not paid by the employer, they could claim relief for £6 a week against their employment income for a tax
| 24-07-2023
With all of the changes to personal pensions in the Spring Budget, maximising the State Pension entitlement should not be overlooked. The full rate of new State Pension increased to £203.85 per week (£10,600 pa) from 6 April 2023; a 10.1% increase over the 2022/23 rate, as a result
| 24-07-2023
We've put together details of the latest HMRC webinars that will give the self-employed an understanding of key taxes that affect them and also help employers with payroll. The webinars are free and last around an hour.
| 24-07-2023
A new online Midlife MOT has been launched to help older workers with financial planning, health guidance, and to assess what their skills mean for their careers and futures.
| 24-07-2023
The Insolvency Service has launched a new online information hub to support company directors.
| 17-07-2023
On 1 August 2023, the Alcohol Duty system will change, taxing all alcoholic drinks based on their alcohol by volume (ABV). This replaces the current Alcohol Duty system, which consists of four separate taxes covering beer, cider, spirits, wine and made-wine. Small businesses as well as pubs and restaurants could
| 17-07-2023
Energy-intensive businesses and heat network operators have less than three weeks to apply for UK Government support that could see their wholesale energy bills reduced by as much as a fifth.
| 17-07-2023
After some of the hottest temperatures seen on record last month we have been reminded about global warming and how small businesses could help the drive towards net zero.
| 05-07-2023
The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider than anticipated due to SMEs, according to HM Revenue & Customs (HMRC). The tax authority’s figures for 2021/22 show that small and medium-sized enterprises (SMEs)
| 05-07-2023
In times of economic uncertainty, businesses should have a clear plan to ensure that they can navigate any potential financial pitfalls. One of the best ways businesses can do this is with the use of management accounts.
| 05-07-2023
The number of individuals participating in the UK’s ‘hidden economy’ is increasing according to recent research. A surge in additional income streams, from moonlighting to online trading, has led to millions of taxpayers failing to declare additional earnings to HM Revenue & Customs (HMRC).
| 05-07-2023
Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) – the official measure of inflation – only fell to 8.7 per cent in the 12 months to May 2023. While the rate of inflation is not as high compared to previous months, where it peaked at
| 05-07-2023
Tax specialists at the Low Incomes Tax Reform Group (LITRG) have warned taxpayers who use third-party companies to claim tax refunds from HMRC to do so cautiously. Although taxpayers can apply for a refund directly from the Government, some prefer to use agents to do so on their behalf. If
| 05-07-2023
HMRC has revealed that the self-assessment threshold for PAYE taxpayers will increase from £100,000 to £150,000 for the 2023/24 tax year. Currently, individuals taxed through PAYE only are legally required to file a self-assessment tax return if they make more than £100,000 annually. The threshold change means that fewer taxpayers
| 05-07-2023
The self-assessment telephone helpline has been closed by HMRC for the entirety of summer. Taxpayers hoping to contact HMRC for help with their self-assessment will now have to use digital services until 4 September 2023. During this time, HMRC says it will trial prioritising online guidance, digital assistance and web
| 05-07-2023
Are you hitting your business goals? We’ve over halfway through 2023, so now is the opportune moment to review your business and progress for the year. Chances are, it’s been a tough year so far: in the 12 months to May 2023, the consumer prices index of inflation rose by
| 20-06-2023
The Government has published the third annual Investing in Women Code report. The Investing in Women Code is a commitment to supporting the advancement of female entrepreneurship in the United Kingdom by improving female entrepreneurs’ access to tools, resources and finance from the financial services sector.
| 20-06-2023
In a call for evidence launched recently, the UK government wants to hear views on Save As You Earn (SAYE) and the Share Incentive Plan (SIP), as it seeks to improve the schemes and expand their use by making it easier for businesses to set them up and offer them