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

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Blog

Business leader calls for action on skills to support the recovery

The boss of one of Britain’s most influential business organisations has called on the Government to take action to make sure the UK’s economy does not stall because of labour shortages. The Director-General of the Confederation of British Industry (CBI) says business also has a part to play to keep the recovery going. Tony Danker’s

'Mitigate the risks that come with payroll' infographic
Blog

We understand time is precious. At Benson Wood & Co we provide end to end payroll bureau and CIS services. Let us run your payroll to let you run your business

Most businesses repeatedly face one particular task that carries high impact – high probability risks. Things going wrong carries severe consequences and are likely to happen at some point. But, too often, businesses fall into the trap of assuming it carries low impact – low probability risks. This is a dangerous assumption that can stop

Businessman holding pen and using laptop
Blog

File Companies House accounts online to avoid delays, businesses told

Businesses have been urged to file Companies House accounts online as coronavirus disruption continues to significantly delay processing times. The official register of companies said paper accounts can take days, or sometimes weeks, to process. If you are due to file accounts with Companies House in September, here’s what you need to know. Why are

Site worker standing while using laptop
Blog

UK business confidence hits a four-year high

Business confidence in the UK is at the highest level for more than four years according to a new survey, with nine of the 12 UK regions expecting growth. The monthly Lloyds Business Barometer research highlights the performance of businesses with a turnover of £1 million or more across the UK and shows confidence in

Outdoor road-style sign displaying the text 'animal welfare'
Brexit

Government to launch new animal welfare standards following EU departure

New legislation will protect the welfare of farm animals being transported across England and Wales, the Government has announced. EU directives had previously prevented any changes to animal welfare rules, but now that the UK has left the single market, the UK Government is free to improve standards and regulations. Here’s what we know about

Bottom half of five interview candidates sitting on chairs in a row
Blog

Good news on jobs and growth a boost for business

The UK economy has had two major boosts this week with growth in the economy and in the jobs market, according to figures from the Office for National Statistics (ONS). After the nightmare of the Covid lockdowns, job vacancies have hit a record high and wage increases are growing, while gross domestic product (GDP) is

Two elderly people looking and pointing at laptop screen
News

Beware of exceeding your pension pot allowance

Thousands of people who put money into their pension each year are inadvertently failing to declare pension tax charges, according to HM Revenue & Customs (HMRC). This can lead to an unexpected and costly tax bill. Most taxpayers can save up to £40,000 in pension contributions tax-free each tax year, a limit that is set

Two stacks of coins overlayed with 'Finance Bill' text
News

Draft legislation published for next Finance Bill

Taxation and other measures to be included in the Finance Bill for 2021-22 have now been announced. The draft legislation largely covers pre-announced policy changes, along with accompanying explanatory notes, tax information and impact notes, as well as responses to consultations and other supporting documents. The Government has also revealed three new policies that it will legislate

Two businesspeople filling out a tax return on laptop
COVID-19

HMRC auto-correcting 2020-21 SEISS tax returns

Where grants claimed under the self-employment income support scheme (SEISS) do not correspond with records held by HM Revenue & Customs (HMRC), it will auto-correct 2020-21 tax returns and issue a new SA302 calculation to both taxpayer and acting agent. Corrections may be necessitated if: The grant amount was omitted; The amount received appears in

Woman working on laptop surrounded with cardboard boxes
News

SMEs optimistic and frustrated as economy set to thrive

With predictions that the UK economy is set to grow at its fastest pace in 80 years and could recover to its pre-pandemic size by the end of this year, SME owners are feeling more optimistic and are keen to invest in growth. However, they are also frustrated by the mix of financial options open

Businessman adjusting tie overlayed with arrows pointing upwards and another businessman holding a briefcase
News

Super-deduction gives businesses confidence to grow

As the UK economy gets back to full speed and confidence grows amongst small businesses, the impact of the ‘super-deduction’ and the ‘special rate allowance (SRA)’ should encourage even stronger growth. According to HM Revenue & Customs (HMRC), the super-deduction will give companies a strong incentive to make additional investments, and to bring planned investments

Businessman reading and pointing at debt collection letter with pen
News

Taxman says help available as debt collection resumes

HM Revenue & Customs (HMRC) has warned that debt collection will resume as the UK emerges from the pandemic and it will be contacting taxpayers who have fallen behind with their taxes. HMRC says it will take an understanding and supportive approach to dealing with those who have tax debts or are concerned about their

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