Communication and networking may not seem a priority for busy SMEs struggling against economic headwinds at the moment.
Self Assessment customers could be a target for fraudsters as deadline approaches
With the deadline for returning paper Self Assessment tax returns for the 2021 to 2022 tax year rapidly approaching, HM Revenue & Customs (HMRC) has warned taxpayers to be on the lookout for fraudsters.
Flat Rate Scheme: What do you need to know?
When running a business, ensuring you get VAT right is vital. So, how can you make things easier?
Tax-Free Investment Zones – How could they support your growth?
In his mini-Budget, Chancellor Kwasi Kwarteng announced plans for Tax-Free Investment Zones across England. The Government says these new economic zones will drive growth by lowering taxes and freeing up planning to encourage development and business investment. What are the benefits? These zones will offer a number of advantages to the businesses that choose to […]
What does the Income Tax cut mean for you?
When Chancellor Kwasi Kwarteng announced his changes to the basic rate of Income Tax you may have wondered what it meant for you. From 6 April next year, the basic rate of Income Tax will be reduced by one percentage point – from 20 per cent to 19 per cent. This cut to Income Tax […]
What does the repeal of IR35 mean for businesses and contractors?
The IR35 and off-payroll working rules, which affect how contractors operating through a personal service company (PSC) are classed and taxed, will be repealed in April 2023. Under the most recent reforms, IR35 in the private sector limited the way that contractors and freelancers could work in medium and large companies as employees through an […]
Are you ready for changes to R&D tax reliefs in 2023?
R&D tax reliefs have supported hundreds of thousands of businesses to invest in innovation by cutting the amount of tax that they pay. However, from 1 April next year, there will be several changes to the rules surrounding R&D, which could affect how much relief you can claim. Expand eligible expenditure to data sets, cloud […]
The rate of late tax payments interest rates continues to rise
From 11 October, the interest rates on late tax payments rise again in line with the Bank of England’s (BoE) latest base rate increase. The BoE increased the base rate by 0.5 per cent to 2.25 per cent in September, as a result of inflation. Due to this, the late payment and repayment interest rates […]
UK set to review foreign worker visa conditions to ease labour shortage
As the UK labour shortage continues, it has been reported that Prime Minister Liz Truss is to launch a review of the UK’s visa scheme.