| 05-07-2023
In times of economic uncertainty, businesses should have a clear plan to ensure that they can navigate any potential financial pitfalls. One of the best ways businesses can do this is with the use of management accounts.
| 05-07-2023
The number of individuals participating in the UKās āhidden economyā is increasing according to recent research. A surge in additional income streams, from moonlighting to online trading, has led to millions of taxpayers failing to declare additional earnings to HM Revenue & Customs (HMRC).
| 05-07-2023
Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) ā the official measure of inflation ā only fell to 8.7 per cent in the 12 months to May 2023. While the rate of inflation is not as high compared to previous months, where it peaked at
| 05-07-2023
Tax specialists at the Low Incomes Tax Reform Group (LITRG) have warned taxpayers who use third-party companies to claim tax refunds from HMRC to do so cautiously. Although taxpayers can apply for a refund directly from the Government, some prefer to use agents to do so on their behalf. If
| 05-07-2023
HMRC has revealed that the self-assessment threshold for PAYE taxpayers will increase from Ā£100,000 to Ā£150,000 for the 2023/24 tax year. Currently, individuals taxed through PAYE only are legally required to file a self-assessment tax return if they make more than Ā£100,000 annually. The threshold change means that fewer taxpayers
| 05-07-2023
The self-assessment telephone helpline has been closed by HMRC for the entirety of summer. Taxpayers hoping to contact HMRC for help with their self-assessment will now have to use digital services until 4 September 2023. During this time, HMRC says it will trial prioritising online guidance, digital assistance and web
| 05-07-2023
Are you hitting your business goals? Weāve over halfway through 2023, so now is the opportune moment to review your business and progress for the year. Chances are, itās been a tough year so far: in the 12 months to May 2023, the consumer prices index of inflation rose by
| 20-06-2023
The Government has published the third annual Investing in Women Code report. TheĀ Investing in Women Code is a commitment to supporting the advancement of female entrepreneurshipĀ in the United Kingdom by improving female entrepreneursā access to tools, resources and finance from the financial services sector.
| 20-06-2023
In a call for evidence launched recently, the UK government wants to hear views on Save As You Earn (SAYE) and the Share Incentive Plan (SIP), as it seeks to improve the schemes and expand their use by making it easier for businesses to set them up and offer them
| 20-06-2023
New guidance designed to help organisations support employees experiencing menopause or menstruation and better enable them to retain experienced and talented people of all ages has been published by British Standards Institute (BSI). BSI, the UK National Standards Body, has published the menstruation, menstrual health and menopause in the workplace
| 19-06-2023
Paid annual leave is a legal right that an employer must provide. Holiday pay is worked out according to the kind of hours someone works and how theyāre paid for the hours.Ā
| 19-06-2023
From tax year 2023 to 2024 onwards, the Self-Assessment threshold for taxpayers taxed through PAYE only will change from Ā£100,000 to Ā£150,000.āÆāÆāÆĀ Affected individuals do not need to do anything now as the Self-Assessment threshold for 2022 to 2023 tax returns remains at Ā£100,000.āÆāÆThey will receive a Self-Assessment exit letter
| 19-06-2023
It is important to make sure your workplace is inclusive of deaf people and people with hearing loss.Ā If you donāt, you are excluding a large number of people: for example, 1 in 5 people of working age have hearing loss which may have an impact on their communication, productivity
| 19-06-2023
Listed below are several live HMRC webinars that will give the self-employed an understanding of key taxes that affect them and also help employers with payroll. The webinars are free and last around an hour.Ā
| 19-06-2023
The table below sets out the HMRC advisory fuel rates from 1 June 2023. These are the suggested reimbursement rates for employees' private mileage using their company car. Where the employer does not pay for any fuel for the company car these are the amounts that can be reimbursed in
| 19-06-2023
The Intellectual Property Office (IPO) has published a document which sets out what you can expect over the next 12 months as we count down to the launch of their new digital patents service.Ā
| 19-06-2023
The Insolvency Service has successfully secured the winding-up of 11 companies for their part in a scheme which orchestrated systematic fraud against UK taxpayers during the covid-19 pandemic.Ā
| 06-06-2023
The VAT exemption for pharmacists has been extended to medical services carried out by supervised, non-registered staff as of 1 May. Prior to the measure, the exemption only applied to medical services carried out by registered health professionals. The new zero-rating rules now mean that all staff can provide their