We regularly write articles to keep you up to date with changes that affect your growing business.
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Unfortunately, fraudulent emails are something that we are all likely to come across at some point. In fact, the methods that fraudsters are using to target people have seen a substantial increase in recent years. It is important to be aware that your business could fall victim to a scam, with the potential of scammers
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When starting up a hospitality business, it is important to factor in that some customers may choose to tip members of staff. This poses the question of how tips should be distributed between staff, with the consideration of who will organise the process. However, ahead of this, you may be wondering how tips are categorised,
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Discovery assessments look set to be applied to the High-Income Benefit Charge under new legislation set out by the Government. A loophole regarding discovery assessments and the charge was brought to light following the case of HMRC V Mr Wilkes last year. The case saw the Upper Tribunal agree that the assessment for the High-Income
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You have worked long and hard to get your business up and running and have put your heart and soul into making it successful. The thought of losing it can be incredibly stressful, both for you and any employees who could lose their jobs. Equally, if you have a customer who owes you money, you
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National Insurance and Dividend Tax rates have increased by 1.25 percentage points as of 6 April, as part of the new Health and Social Care levy. These changes have brought additional complications to the payments of National Insurance Contributions (NICs) and dividends that businesses are just getting to grips with. How have NICs changed as
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HM Revenue & Customs (HMRC) is to launch a new mandatory P87 form from 7 May to create a consistent standard for the P87s it receives. What is a P87 form? Workers and their agents can use a P87 form to claim tax relief on work expenses. The form can only be used to claim
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Financing a new venture is a challenge, even harder in the current climate of high inflation, global uncertainty and the backdrop of war in Europe. Difficult, but not impossible. With planning, careful research and the right advice, you should be able to find the finance that is right for you. If traditional funding is difficult,
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It is always a challenge to keep costs down for businesses, particularly at a time of soaring inflation and steep rises in the cost of utility bills. An expense report is designed to report on any business-related expenses an employee incurs, either by using a company credit card or by using their own funds. This might
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The majority of adults will have flirted with the idea of starting a business and becoming the next Branson or Musk. That idea would have been firmly buried for many during the pandemic, but new figures show that nearly 13 per cent of UK adults are running fledgling businesses, according to research, the highest percentage
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Several important changes are happening to research and development (R&D) tax reliefs in April 2023, which could affect what income qualifies for R&D tax relief that businesses need to account for in their plans. These new measures are still being considered by Parliament, but details of the upcoming amendments to the R&D tax relief system
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We all want to keep more of our hard-earned money. For business owners, it can be a difficult balancing act to find the most tax-efficient way to get paid from the company’s profits. This is where the dividend versus salary debate comes into play, as the way in which we are paid can have a
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With the cost of living rising steeply and taxation at its highest level for decades, tax breaks are welcome, particularly for those looking to invest their money in business. The Enterprise Investment Scheme (EIS) allows a company to raise money from investors to help grow its business. The EIS stipulates that those receiving investment under
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