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Today we guide you through how to avoid late payments in a bid to avoid cash flow issues, the fear caused by rising operating costs, and new transport security funding for UK companies. Avoiding late payments with an invoicing strategy For Small to Medium-Sized Enterprises (SMEs), the issue of late payments can mean the difference…Read More
The UK’s professional tax and accounting bodies have made a number of suggestions to HM Treasury for the upcoming budget. Whether the invited representations will be taken on board by the Chancellor, John Healey, in his first budget on 28 October 2026, remains to be seen. The Association of Taxation Technicians (ATT) The ATT published six…Read More
Today we focus on how the upcoming Deposit Return Scheme on drink containers could impact consumers, retailers and suppliers, how the amount of Director fraud could be higher than previously thought, and the murky tax deals of Manchester City Football Club. Major business consequences of Deposit Return Scheme Manufacturers, importers, wholesalers and retailers are being…Read More
In today’s blog post we explore how more than 10,000 UK businesses are thought to be eligible for a new electricity-cost relief scheme, and take a look at the implications for authorising tax agents. Small manufacturers can apply for electricity-cost relief Small businesses can now benefit from a new electricity-cost relief scheme that was launched on…Read More
A new consultation may lead to a relaxation of certain company reporting standards, the launch of the Flexible Finance pilot product, and a warning to employers to make sure they can confirm their subcontractors or agency staff have the right to work in the UK. Consultation on modernising corporate reporting A new consultation that proposes…Read More
A recent report from the ABAB highlighted a general consensus that tax rules are becoming increasingly unwieldy, and the ONS’s new method to report its statistics leads us to believe that the UK’s productivity has increased. Businesses worry legislative tax burden is increasing The annual report from the Administrative Burdens Advisory Board (ABAB) shows a…Read More
Today’s post is all about attention to detail – making sure your CIS returns, data and tax return deadlines are all present and correct. Getting monthly Construction Industry Scheme (CIS) returns correct Members of the Construction Industry Scheme (CIS) are due to get letters from HMRC where errors have been identified in their monthly returns. The…Read More
We start the week by discussing Britain’s huge welfare bill, give a warning to company directors, and show you how a new loan charge settlement scheme could support multiple businesses. Britain’s insidious long-term workers’ absence Britain’s companies are facing a critical challenge with over one in five working-age adults out of the workforce, with ill-health…Read More
The Alternative Investment Market receives an overhaul to reduce regulatory burdens, and Mayors are given the go ahead to charge a new tourist tax. Shakeup in AIM rules needed for survival The biggest overhaul of the AIM (Alternative Investment Market) in years has become effective, with the London Stock Exchange (LSE) introducing reforms designed to…Read More
Today’s business news focuses on the latest interest rates and provides directors with the recent changes to Self Assessment reporting. Bank of England holds interest rates at 3.75% A split decision by the Bank of England’s nine-member Monetary Policy Committee has held interest rates at 3.75%. The 6-3 decision came in spite of the Office for National…Read More
SMEs face a stark warning from the NCSC on their manufacturing and processing systems, but good news as Shetland’s Spaceport has a more secure future. SMEs warned on all internet-exposed systems Disruptive cyber attacks are going beyond computers and into manufacturing and processing systems, Small to Medium-Sized Enterprises (SMEs) have been warned. The National Cyber…Read More
John Healey makes a number of promises to cut red tape and increase growth, whilst there are big changes to the Apprenticeship Levy ahead. Read on to find out all the details. Chancellor promises to cut red tape and boost growth The Chancellor, John Healey, has given a number of speeches explaining how he intends…Read More
Today we give you the lowdown on the changes Companies House are introducing, explain how smart meters are becoming compulsory for small businesses, and give businesses the heads up that some banks are cracking down on unpaid bounce back loans from Covid. Companies House brings the changes Companies House has changed its login process and…Read More
Today we discuss the latest changes in the economy, including how the UK’s borrowing costs are at an all time high, but there are glimmers of optimism. Bonds, oil and AI Andy Burnham’s first visit to take Prime Minister’s Questions in Parliament came just as the country’s 10-year borrowing costs rose to levels only seen…Read More
Today’s blog post covers important information for employers with regard to the tax rules around benefits in kind, and how staff need written notification of their right to join a trade union. Mandatory payrolling of Benefits in Kind: Actions to take now The tax rules on Benefits in Kind (BIKs) are changing. From 6 April…Read More