We regularly write articles to keep you up to date with changes that affect your growing business.
Blog
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
Blog
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
Blog
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
Blog
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
Brexit
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
Blog
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
News
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
News
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
COVID-19
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
News
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
News
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
News
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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