News
Almost 50 per cent of businesses forget vital R&D forms
18 October 2023
Research and development (R&D) tax relief claims are a vital way to offset your business costs against profits and promote technological innovation and advances. However, filling in the mountain of paperwork associated with R&D claims can be tedious and time-consuming – and has only gotten more so with recent changes.
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What’s on the horizon for taxation?
18 October 2023
Businesses are holding their breath as the upcoming Autumn Statement threatens to change the tax landscape of the UK. Chancellor of the Exchequer, Jeremy Hunt, announced that he will present the Statement to Parliament on 22 November 2023. The cost-of-living crisis is becoming a serious political issue ahead...
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HMRC targets overseas taxpayers
18 October 2023
HM Revenue & Customs (HMRC) has continued to run campaigns to ensure that overseas workers, registered in the UK, are paying the correct taxation rates. Taxpayers that have overseas assets and income may still be obligated to pay UK tax rates under certain circumstances.
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The impact of increased Corporation Tax receipts for business owners
18 October 2023
HM Revenue and Customs (HMRC) has recently reported a significant increase in Corporation Tax receipts for 2022/23. The receipts have risen by £17.3 billion, reaching a record £84.7 billion. This represents a 26 per cent increase on the previous tax year, which is a substantial figure by any measure.
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The benefits of HMRC’s salary advance reporting changes
18 October 2023
HM Revenue & Customs (HMRC) has recently launched a consultation on new rules aimed at simplifying the reporting of salary advances. This change is expected to have a significant impact on employers, streamlining administrative processes and reducing costs. Under existing legislation, salary advances are treated...
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How can SMEs learn to thrive, rather than just survive?
18 October 2023
New research from the #SBS State of the Nation Roundtable report has revealed that 72 per cent of small and medium-sized enterprises (SMEs) feel they are surviving, rather than thriving. Fewer than one-third of small businesses have enough cash in hand to be able to keep their businesses afloat for more than six months...
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Three tips for managing maternity and paternity pay for small businesses
25 September 2023
As experts in the field of accountancy, we understand the unique challenges business owners face when it comes to payroll. We’ve put together three essential tips to help you manage maternity and paternity pay, ensuring legal compliance and employee satisfaction.
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Could you enjoy a slice of the £1.6bn creative industry tax reliefs?
25 September 2023
If your company is involved in the creative industry, then it could be eligible for significant tax relief from the Government. These tax reliefs support the Government’s objective of becoming the technological centre of Europe by promoting growth in the digital, creative, and other high-technology areas.
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Chief UK economist warns of period of stagnation – How will this affect your SME?
25 September 2023
Stagnation is a prolonged period of little or no growth in the economy and it can have a serious impact on your business. Whilst talking to The Guardian, Samuel Tombs, a leading UK economist, claimed that stagnation will cause “businesses to cut employment and investment, and trigger a sharp decline in residential investment.”
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When are interest rates likely to fall and why does it matter to you?
25 September 2023
After the fourteenth consecutive increase in interest rates since 2021, many business owners will be asking themselves the same thing: “When will interest rates finally fall?” The higher the interest rates, the more money you pay on your debts like loans, overdrafts, and credit cards.
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Case Studies
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A modern approach required for music moguls
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Customer care is top of the list for packaging business
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A taste for growth, a thirst for knowledge
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Cut above the rest in personal management style
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Sometimes a business does exactly as it says on the tin
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Taxing demands with old school charm
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Child's play with proactive accounts management
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Smiles all round for dental practice
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A shared passion for architecture and a head for numbers