We regularly write articles to keep you up to date with changes that affect your growing business.
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Business
When running a business, ensuring you get VAT right is vital. So, how can you make things easier? Designed to streamline record-keeping, the VAT Flat Rate Scheme allows you to pay or claim back a simplified fixed rate of VAT to HMRC. This typically allows you to keep the difference between the VAT you charge to customers
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Blogs
Environmental, Social and Governance (ESG) is a set of regulations designed to assess a business’ influence on society, the environment, and its transparency on such matters. With the CBI revealing that ESG impacts two-thirds of those looking to invest in a business, you will not only help the environment, but also grow your company. Utilising an ESG
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Business
As the UK labour shortage continues, it has been reported that Prime Minister Liz Truss is to launch a review of the UK’s visa scheme. The move would help to alleviate the strain on key sectors of the economy which are affected by shortages, according to a report in the Financial Times (FT). What are
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SMEs
Acting as a silver lining amidst a storm of uncertainty, the crashing pound is likely to attract more US visitors to the UK, it has been suggested. The pound plunged to a record low against the dollar after the Chancellor, Kwasi Kwarteng revealed a wide range of tax cuts in his mini-Budget. Although British holidaymakers are feeling
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Blogs
An £884 million loan scheme for new businesses is to be expanded, it has been revealed. Announced by Business Secretary Jacob Rees-Mogg last week, there are 33,000 new loans available, offering much needed financial support to start-ups across the UK. The scheme’s eligibility originally supported businesses trading for up to two years but has now
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Blogs
During last week’s mini-Budget, The Chancellor, Kwasi Kwarteng made extensive changes to taxation. Notably, a one percentage point reduction to the basic rate of Income Tax will see it lowered to 19 per cent from April 2023 – a year earlier than previously announced by former Chancellor, Rishi Sunak. Furthermore, the top rate, or Additional
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Corporation Tax
Chancellor Kwasi Kwarteng's mini-Budget has scrapped a planned rise in Corporation Tax as part of a wide-ranging raft of tax-cutting measures announced last week. The Government says the move to scrap the rise will save £18.7 billion per year by 2026 as it targets a 2.5 per cent rate of growth. The Chancellor has now cancelled
Latest News
With a new King at the Palace and a new Prime Minister at Number 10, it was no surprise that the new Chancellor at Number 11 used his first statement to the House of Commons to signal a “new era” for fiscal policy. It turned out to be a striking change of direction, as the
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Business Advice
A recent legal case has concluded that private limited companies operating under Model Articles must have at least two directors. Before the ruling, under article 7(2) of the Model Articles, it had been widely assumed that if a business had a sole director and no obligations required it to have more than one, they were
Advisory Insights
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Maintaining a healthy cashflow sometimes feels like a big headache, especially with the ongoing cost of living crisis hiking your costs. Even profitable businesses can fall down if they don’t know how to effectively manage their finances and adapt to challenges. So, to help you stay afloat despite the turning tides, our experts have outlined
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Business
The Government has outlined a new Energy Bill Relief Scheme to support households, businesses and public sector organisations tackling soaring energy bills. The figure is set to be capped at less than half the wholesale costs on previously predicted bills, offering a reduction on gas and electricity prices for all non-domestic customers. This support will
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Personal Tax
A ‘fiscal event’ is to be delivered on Friday, setting out what help is to be made available to get people through the winter and the cost-of-living crisis. It operates differently from the full Budget and Chancellor Kwasi Kwarteng is to spell out some of the details on how the energy bills freeze will be
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