With fluctuating incomes and the costs of living hitting businesses and individuals alike, people who have never previously had any issue with paying tax bills on time may have found themselves passing the 31 July payment on account deadline without being able to pay what they owe. If this is the position you find yourself […]
COVID business loans scheme extended for two years
The Recovery Loan Scheme, which helped businesses throughout the pandemic, has been extended for a further two years. Launched on 6 April 2021, the Recovery Loan Scheme (RLS) was one of several finance schemes available to struggling businesses. It provided financial support to businesses across the UK as they recovered and grew following the Coronavirus […]
Group companies – Considerations ahead of the Corporation Tax rise
Corporation Tax (CT) rates are set to rise in the UK from 1 April 2023. From this date, the main rate of CT will increase to 25 per cent for all companies with taxable profits over £250,000. There will also be a small profits rate for companies with taxable profits of £50,000 or less of […]
Firms founded during the pandemic could add £20 billion to economy
British businesses formed during the pandemic could be a significant driving force for the UK economy.
Help to Grow: Digital Scheme receives a boost
More than a million businesses can now benefit from Help to Grow, as the eligibility criteria expands to cover businesses with at least one employee.
Tax year basis reform: Should I change my year-end?
In the first blog of this series on tax year basis reforms, we will be discussing the new rules that will affect how unincorporated businesses are taxed from 2023/24.
Supply chain issues to drive warehouse construction growth
Construction output is expected to rise by 2.5 per cent this year, according to a trade body survey.
What is the key to acquisitions in your law firm?
Mergers and acquisitions (M&A) is the process of two companies becoming one and joining forces.
New VAT Registration Service (VRS) set to launch
HMRC is introducing a new VAT Registration Service (VRS), it has been revealed.