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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
Bad news for homeowners as the cost of the energy price cap increases by 4%, and we explain how the ONS collects statistics. Energy prices set to rise Energy regulator Ofgem has announced a 4% increase in the energy price cap for the period covering 1 October to 31 December 2026. This increase reflects higher wholesale…Read More
If you’re running an SME, today’s post is just for you. We explore the recent drop in job vacancies as SMEs hold back on recruiting staff, give you the run down on the latest employment law reforms, and highlight the financial crisis businesses are facing on a day to day basis. Read on to find…Read More
Good news as the ICO launches a free online training programme for SMEs to support with data protection regulation, and over 436,000 taxpayers have filed their first quarterly tax update using MTD. Free ICO training helps SMEs strengthen data protection The Information Commissioner’s Office (ICO), the UK’s data protection regulator, has launched a free online…Read More
Many businesses start the year with ambitious sales targets. The problem is that increased sales do not always translate into increased profits. To overcome this problem, a structured 12-month profit improvement plan provides you with an opportunity to examine the factors that drive the financial performance of the business. You can then assess where targeted…Read More
We start the week with the announcement of the date for this year’s Autumn Budget, advice from NCSC on what steps to take following a cyber-attack, and HMRC uses the upcoming Playday to remind parents to take advantage of the tax-free childcare scheme to save money. Date of Budget 2026 announced The Chancellor of the…Read More
HMRC are contacting the self-employed sector in order to ensure workers are paying sufficient NI to be eligible for a full State Pension, HM Land Registry look to move to emails for all communications, and future VAT and PAYE payments could be paid by direct debits in future. HMRC contacts self-employed people about National Insurance…Read More
Today we’re providing you with some top tips on how to draw up a shareholders’ agreement to prevent issues further down the line, and if you’re earning more than £1,000 per year through your side hustle, you may need to complete an annual self-assessment. Getting a shareholders’ agreement right A shareholder’s agreement can be one…Read More
Unsurprisingly for many business owners, HMRC’s performance was rated as poor recently by external examiners. The Insolvency Service has stepped up its support for people in debt and HMRC have released new guidance for individuals who wish to settle their disguised remuneration loan charge liability under new settlement terms. External examiners mark HMRC’s performance as…Read More
Today we take a look at the new Prime Minister’s plans to ease financial burdens on households, and we remind you to pay the balance on your self-assessment tax by this Friday and first MTD quarterly update by next Friday. Andy Burnham’s new government, a balancing act Andy Burnham’s first days as Prime Minister have…Read More
A programme that pairs Small and Medium-sized Enterprises (SMEs) with industry partners to build and test digital twin solutions for business problems is now open to applicants. Successful projects will also receive up to £100,000 in Innovate UK grant funding. Participants will take part in a nine-month programme designed to accelerate the adoption of new technologies.…Read More
Whilst the government has promised to deliver a package of reforms for the construction industry, the NAO has warned this will only be successful if training is invested in. And, it’s not often you get something for nothing, but SMEs are being offered free, 30 minute cyber security consultations. NAO says employer confidence is critical…Read More
A recent report reveals a decrease in business confidence has caused employers to start hiring temporary staff instead of permanent. Plus, HMRC proposes criminal action against those who make reckless direct tax declarations. UK hiring trends The June ‘UK Report on Jobs’ shows subdued business confidence driving a preference for short-term staff. Temporary staff billings rose…Read More
Today we’re talking about the nitty gritty of tax positions for an LLP, and a new document has been released which examines the impact of flooding on businesses. Read on to find out more! How safe is your LLP tax position? The Supreme Court has put companies with Limited Liability Partnership (LLP) structures on notice…Read More
Today we’re looking at Britain’s tax shortfall, and consider how consultations on tax and business policies could give a clue as to later changes for small businesses. Read on to find out more! Small businesses account for two-thirds of Britain’s tax shortfall The latest figures from HMRC reveal that the Treasury had a substantial £59.2 billion…Read More