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We regularly write articles to keep you up to date with changes that affect your growing business.

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Advisory Insights Blog

Changes to the Seed Enterprise Investment Scheme (SEIS)

The UK has long been a hub for budding entrepreneurs and start-ups, with innovative ideas and new businesses emerging every day. The Government recognises the importance of supporting these early-stage businesses to stimulate economic growth and job creation. One such initiative designed to support these start-ups is the Seed Enterprise Investment Scheme (SEIS). Introduced in

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Advisory Insights Blog

Taxes you should know before starting a business

Starting a business is an exciting venture for aspiring entrepreneurs, and it is important that you become well-versed in all things tax. Keeping up with changes in tax laws and regulations, as well as adhering to proper tax planning and compliance, is essential for the success of any business. Failure to stay informed on new

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Blog Economy

Better Business Day and what it means for start-ups and SMEs

New start-up businesses in the UK are as abundant as ever, but issues within society, climate change, and the cost of living have proven tricky obstacles to navigate. Today marks ‘Better Business Day’ – the launch of a campaign by The Better Business Act, which is calling for an amendment to Section 172 of the

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Blog Blogs

Employee expenses and benefits: How to submit a P11D form

Do not be stung when rewarding employees. Avoid penalties on employee benefits by correctly submitting P11D forms. ‘Benefits in kind’ are great perks for employees and a great way for employers to show their appreciation for hard work and valuable contributions. But these benefits are still taxable and will need to be reported to HM

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Blog Blogs

Understanding IR35 and its implications for employers

If your business engages off-payroll workers, it's essential to be familiar with IR35 and its potential impact on your operations. IR35 – what is it? IR35 is a tax legislation aimed at ensuring that workers pay the appropriate amount of tax and National Insurance contributions (NICs). The regulation applies to workers providing services to clients

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Latest News

Come celebrate our new office opening!

You are invited to join us at our office open evening Date: Thursday 4th May 2023 Time: 5:30pm to 8pm Location: 2nd Floor East, Belgrave Court, Rosehall Road Bellshill, ML4 3NR We would be delighted if you could join us at our new and improved offices in Belshill, where you can get to know our

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Advisory Insights Blog

Tips and tricks for maintaining your cash flow

Reviewing and maintaining your cash flow is essential for business growth. If your cash flow begins to suffer, you will begin to struggle with your finances and find it difficult to pay expenses, your staff or your suppliers. With that in mind, below are some of our top tips for maintaining your cash flow. Financial

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Advisory Insights Blog

The importance of financial reports as a business owner

As a small business owner, you will be in charge of many things and must juggle many responsibilities. From managing employees to targeting new customers, there are countless tasks that require your attention. One aspect of running a successful business that cannot be overlooked, however, is financial reporting. Accurate financial reporting is crucial for the

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Latest News News

Be prepared for business rate changes as rateable value update takes effect

The Valuation Office Agency (VOA) has updated the rateable values of all businesses, and other non-domestic, properties in England and Wales from 1 April 2023. The Government levies the charge on offices, shops, pubs, and warehouses. In fact, most non-domestic properties will attract business rates. They may also be charged where only part of a

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Latest News News

Chancellor abolishes Lifetime Allowance pensions shake-up

The abolition of the pensions Lifetime Allowance, (LTA) which was announced in the Spring Budget, releases people to save as much as they like into their schemes. Chancellor Jeremy Hunt abolished the allowance, which is the limit on how much people can build up in their pension pots over their lifetime while still benefiting from key

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Latest News News

Crypto transactions to become part of Self-Assessment under new regulations

The Government has announced there will be greater scrutiny on the reporting of all crypto transactions, including for cryptocurrencies and non-fungible tokens (NFTs). HM Revenue & Customs (HMRC) will now require cryptoasset reporting in Self-Assessment tax returns by requiring separate reporting of gains and income. The changes will be introduced on the forms for the

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Latest News News

Government announces shakeup in the payment of Benefits in Kind

The Government has announced a shake-up in how Benefits in Kind (BIK) are paid. The move will allow tax agents to run payroll BIK on behalf of clients for the first time. The Government says it will help to reduce administrative burdens on employers and enable agents to support their clients more effectively. If an

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