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Latest News

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

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Blog

How can your employees recognise scam emails?

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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Blog

Hospitality business owners: how should you distribute tips between staff members?

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,

Businesswoman using calculator with one hand and laptop with the other
Blog

Discovery assessments: Catch up with the latest changes

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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Latest News

Don’t ignore the warning signs that you or a customer’s business is in trouble

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

Calculator screen displaying 'tax 2022'
Latest News

Getting to grips with the new National Insurance and Dividend Tax Rates

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

Fountain pen on top of expense claim form
Latest News

HMRC to launch new mandatory P87 expenses form

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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Latest News

How can you finance a new business?

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,

Expense report documents in front of a folder labelled 'expense report', with a pen, calculator and pair of glasses on top
Latest News

Keeping a lid on business expenses

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

Businessman holding pen over open notebook with 'new business' written on the page
Latest News

Looking to start a new business? You aren’t alone

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

R&D Tax Credits – What is changing next year
Latest News

R&D Tax Credits – What is changing next year

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

Businesswoman using calculator with one hand and laptop with the other to calculate dividends and salary
Blog

Dividends V Salary: Making profits pay for your salary

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

Businessman pointing at overlaid graph images
Blog

Generous tax incentives for investing in higher risk enterprises

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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