The Government could move to crack down on anyone providing accountancy services who is not professionally qualified. As the law stands there is no requirement for these individuals, who can set up and start advising clients, to have professional qualifications. High profile campaigns A survey by the Association of Accounting Technicians (AAT) and conducted by […]
Top tips for securing finance for new businesses
There were stunning figures released in a new survey about business start-ups recently. Data from small business lender iwoca showed that 93 new businesses were created every hour. Despite economic headwinds, rising inflation and rocketing energy costs, the number jumped by 18 per cent year on year. Data from Companies House show over 402,000 businesses were […]
Companies House service goes digital
The march of the digital age and the effects of the pandemic have led to a Government institution closing its physical doors. After two years of closure due to the pandemic, Companies House has confirmed that it will permanently close its office in London with all filing being transferred online. It has also permanently shut […]
Back to basics: Job expenses
Expenses incurred by employees are generally the responsibility of the employer. Quite often, however, employees have to bear the cost themselves when travelling for work, having meals and even providing clothes, which in most cases are not tax deductible. What employment expenses qualify for tax relief in the UK? Work-related travel Having to travel to […]
New law delivers even-handed treatment for separating couples
New measures have been introduced for the even-handed treatment of spouses and civil partners who are in the process of separation, divorce or dissolution. The new legislation clarifies Capital Gains Tax (CGT) rules that apply to transfers of assets between spouses and civil partners, giving them up to three years in which to make no-gain […]
Government increases interest rate on late tax payments
HM Revenue & Customs (HMRC) has increased the interest rate applied to late tax payments following the latest hike in the Bank of England base rate. The late payment interest rate increased to 4.25 per cent from 23 August – the highest rate since the height of the financial crisis in January 2009. It will […]
Supportis September 2022 Newsletter: HR & Employment Law
Supportis offer fixed-fee, unlimited use and bespoke HR and Employment Law packages for UK businesses like yours. Read our monthly round-up of news for employers to keep you in the know. Improved guidance for employers on employment status A consultation back in 2018 as to whether or not tests for determining employment & tax status […]
Tourism Tax – Will it help or hamper small tourist businesses?
Several cities, including those in the UK and the EU, are considering introducing a tax on visitors.
Act now on The Register of Overseas Entities
Companies House has announced that it will begin writing to all overseas entities who own land in England, Wales and Scotland to make sure they know about their new responsibilities regarding The Register of Overseas Entities. The Register of Overseas Entities came into force in the UK on 1 August 2022 through the new Economic […]