Understanding Capital Gains Tax (CGT), specifically, what your liability is, is essential when considering options for selling a buy-to-let property.
Hard pressed SMEs struggling with cashflow challenges
A huge majority of small businesses are ploughing more money into their business than they are taking out for a least one month of every year.
Planning is key for owner-managed businesses
Being your own boss is a dream for a lot of individuals, however, the reality of running your own business can be stressful.
Supportis August 2022 Newsletter: HR and 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. National care worker minimum wage proposal The NHS Confederation has written to the government urging it to introduce a new national minimum wage rate […]
Trust register expansion to non-taxable trusts
Do you need to register your trust by the 1 September deadline? HM Revenue & Customs’ (HMRC’s) Trust Registration Service has been expanded to non-taxable trust registration, with a deadline to register of 1 September 2022 – just a few weeks away. The rules around trust registration remain complicated and so we have created this […]
Tax year basis reform: How does this change affect me?
In the second blog of this series on tax year basis reforms, we will examine how these changes could affect unincorporated businesses.
Back to Basics on Business Mileage
Ask anyone who either uses their vehicle for business reasons, or puts fuel in a company car, and you will soon realise business mileage can be a confusing topic. It’s important to know that if you fall into either of these two categories, you might be able to claim tax relief for business mileage. HM […]
HMRC set to modernise direct debit system for employer PAYE
HM Revenue & Customs (HMRC) has announced plans to offer a recurring direct debit to employers as part of their wider payment modernisation programme. At present, employers can only set up a direct debit to collect a single payment. The launch of this service, slated for mid-September this year, will see a change to the […]
Calls for Government to tackle late payments to small businesses
A new study has revealed the cashflow struggles faced by small businesses across the UK, resulting in calls for Government action. The research, conducted by Xero Small Business Insights and Accenture, discovered that the average UK small business experienced a “cash flow crunch” for more than four months every year. A cash flow crunch is when monthly takings […]