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 […]
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 […]
Five ways cloud accounting could boost your business
Cloud accounting is simple, fast, and efficient. So why are so many businesses refusing to make the switch? In this blog, we’re going to explore just five ways cloud accounting could boost your business and help you leave competitors behind. Real time data Why spend hours a day transcribing data from notepads, receipts, and bank […]
Register for Making Tax Digital for VAT or risk penalties, HMRC warns
Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.
Cash basis versus accruals basis
If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business. So what is the difference?
Workplace pension re-enrolment – how does it work?
Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there.
Stamp Duty Land Tax: HMRC update the rules on mixed commercial and residential properties
As many of those in the property sector will be aware, different rates of Stamp Duty Land Tax (SDLT) apply to the purchase of commercial and residential properties.
Our essential training videos – don’t miss out
Every month for the past year we have been delivering webinars that provide you with actionable insight into key topics.
New off-payroll working rules come into force: what you need to know
Medium and large employers are now required to determine the employment status of contractors after major changes to the off-payroll working rules came into force this month.