We regularly write articles to keep you up to date with changes that affect your growing business.
If you are a contractor, the Construction Industry Scheme (CIS) is something that you will need to familiarise yourself with to avoid falling behind and facing penalties. The Construction Industry Scheme (CIS) is a form of business tax that is applied to contracted work within the construction industry. What do contractors need to do? Ahead
The labour and skills shortages across the UK and within hospitality are well documented, but even if you don’t know your cruet from your Creuset, opportunities may be opening up. The industry has recognised the problem, with companies now launching dedicated training schemes to tackle shortages and raise the bar in terms of quality. Sustainable
As the war in Ukraine rages, the Government has taken steps to crackdown on foreign criminals attempting to launder money through UK property ownership. There has been much speculation about Russian oligarchs using London properties to launder money and the Government says it wants transactions to be transparent. Now it has passed the Economic Crime
Banks have been accused of “pulling up the drawbridge” on lending to small businesses. Research from the Federation of Small Businesses (FSB) shows that successful applications for finance among members have dropped to the lowest level on record. Conversely, figures from the Bank of England show the annual growth rate of lending to big corporates
Businesses across the UK are feeling the squeeze of increasing energy bills and raw materials, especially as the inflation rate recently hit 9 per cent. With inflationary pressures increasing outgoings, as well as staff feeling the pinch on their wages, you are probably looking for other areas to cut costs. All VAT-registered businesses should be
The future of the hospitality industry will be in the spotlight next month when politicians and the movers and shakers in the industry come together for a key conference. The UKHospitality Summer Conference will be focussing on how to make the best use of levelling up and how the sector can play its part in
With the price of fuel continually rising, along with the sale of new petrol and diesel cars ending in 2030, the popularity of electric cars is rocketing. Alongside the cost savings, another huge advantage of an electric car is that they reduce harmful emissions, but did you know that they also present tax advantages? Electric
An increasing number of people are filing their Self Assessment tax returns early. HM Revenue & Customs have reported that nearly 66,500 filed their 2021 to 2022 return on the first day of the new tax year on 6 April 2022. This number equates to 30,000 more people filing early compared to 2018, which HMRC
When it comes to running a business, knowing your numbers is essential if you are to successfully achieve your goals. Numbers tell the story of your business, allowing you to review and interpret the results of your business activity. As a result, you can identify the symptoms versus the root causes, and spot early warning
If you are a contractor working in the construction industry you are likely to rely on the services of subcontractors – but what rules do you need to consider when paying them? Contractors and other businesses who regularly use the services of subcontractors must keep track of their payments as the work of subcontractors applies
The move by the Government to make pavement licences permanent presents an opportunity for the hard-pressed hospitality industry. The Government announced the move in this week’s Queen's Speech as part of the Regeneration Bill. The move could be a major boost for the industry as summer approaches with everyone hoping for the kind of weather
Throughout the pandemic and into the current recovery period, the Government has offered a number of loans to help businesses survive and invest for their future. However, only the Recovery Loan Scheme remains open, and this is due to end on 30 June, with no replacement taking its place. Despite the popularity and value of
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