We regularly write articles to keep you up to date with changes that affect your growing business.
The final stage of Making Tax Digital (MTD) for VAT is just a few short months away. From 1 April 2022, even the smallest VAT registered business will need to comply with the quarterly digital recording and reporting of VAT – including those below the £85,000 VAT threshold who are voluntarily registered. Millions of UK
Self-Assessment taxpayers have been warned to be on their guard against fraudsters trying to steal their information. Over the last year, HM Revenue & Customs (HMRC) received nearly 900,000 reports from the public about suspicious HMRC contact, which included phone calls, texts or emails. More than 100,000 of these were phone scams, while over 620,000
Well according to a recent Employment Appeals Tribunal (EAT), yes, they should. In this latest case, a taxi driver in Watford was employed by a firm, which dictated that as part of his conditions of employment he was required to provide a vehicle and uniform, both of which were rented from a company associated with
As a consequence of the ongoing pandemic, many employees have reassessed what they value in their work life. Recent research conducted by Unum (an employee benefits provider) revealed that 40 per cent of employees would consider pursuing another job offering better employee benefits. On the other side of this, it was found that under a
As many companies will already know, COP26 took place in Glasgow last month and fuelled many firms to commit to going Net-Zero by 2050. Currently, there are several green taxes already in operation, such as the Climate Change Levy (which encourages reduced greenhouse gas emissions) and the Carbon Price Support tax (this increases the cost
Tens of thousands of self-employed workers have used HM Revenue & Customs’ (HMRC) Time to Pay service to spread out tax bills, the latest figures have revealed. The Time to Pay facility has offered a lifeline to those who may struggle to pay their tax bill in full in the wake of the coronavirus pandemic.
A sharp rise in productivity in UK construction sector is good news for SMEs in the supply chain, and the economy overall, as output surged over a four-month period. According to new data analysis, the construction sector saw its fastest rise in output for four months during November, boosted by a rise in commercial work
As this year closes and we begin into a new start, it is a better time than ever to look over your business operations and analyse how you can improve profitability. Below, we have outlined four steps to consider: Gain new customers/clients One of the best ways to increase profitability is to gain more customers
If you received a Bounce Back Loan (BBL) during the coronavirus pandemic and took the cash as drawings, there may be additional tax consequences. Here’s what you need to know. What is the Bounce Back Loan Scheme? The Bounce Back Loan Scheme (BBLS) was introduced at the height of the pandemic to support businesses that
There is less than one month to go until full customs controls are introduced, traders have been warned. From 01 January 2022, businesses will no longer be able to delay making import customs declarations under the Staged Customs Controls rules that have applied since the beginning of this year. The changes follow the end of
On 1 April 2019, HM Revenue and Customs (HMRC) introduced its new digital tax initiative - Making Tax Digital (MTD) - and its first phase, MTD for VAT. The purpose of MTD is for self-employed individuals and small businesses to complete their tax returns and records digitally, intending to make it easier to keep on
The super-deduction, announced in the 2021 Spring Budget, offers businesses a window of opportunity to make corporate tax savings on their investment in plant and machinery. However, the benefits of the super-deduction could be reduced due to a lesser-known clause within this popular new capital allowance scheme. What is the super-deduction? The super-deduction will allow
No resources found. Try a different category or search term.
Newsletter
We've hidden 10 Tunnock's Teacakes around the website. Tap the photos when you see them. When you find all 10, you'll be entered into a quarterly hamper draw and receive a complimentary financial health check.
You’re now entered into our quarterly Tunnock’s hamper draw and have unlocked a complimentary financial health check.
Our free monthly eNEWS email keeps you up to date with the latest news from the world of accountancy.
Take our 2-minute assessment and find out how prepared you are.
Take our 2-minute assessment and find out how prepared you are.
Question 1 of 8
This gives you a starting point for seeing how ready your business is for growth, and where a few gaps might be making things harder than they need to be.
Talk to us and we’ll go through your results properly.
CEO BA CA
Teacake, Caramel Wafer, Snowball, or Caramel Log?
And... how do you eat your Tunnock’s Teacake?
Straight down the hatch, nae messing about!
Teacake Hunt
Find the hidden Teacakes
We use cookies to make our site work and, with your permission, to measure how it’s used so we can improve it. You can accept all, reject everything non-essential, or choose for yourself. See our Privacy and Cookie Policy.
Necessary cookies are always on because the site can’t work without them. Turn the others on or off, then save your choice. You can change this at any time from the “Cookie settings” link in the footer.