skip to navigationskip to main content

Telephone: 07740827308☰

Blog

Have you overclaimed Business Asset Disposal Relief?  Redundancy support for employees, plus details of the new Worker Protection (Amendment of Equality Act 2010) Act 2023

Today we provide you with further details of the Business Asset Disposal Relief checks being carried out by HMRC, ensuring you are fully aware of the lifetime limitations set in place.  We also provide details of potential support from the Redundancy Payments Service for employees who are being made redundant where their employer has run…Read More

Key highlights of Labour’s pensions review, the Covid loan abuse scandal continues to be tackled, plus information on how to defend your business from phishing attacks

The recent King’s Speech contained details of a landmark review set to boost pensions and investments, we discuss the key highlights to enable you to see a snapshot of the proposals.  Work continues to tackle Covid loan abuse with directors being disqualified and criminal charges being processed.  Plus, we signpost you to NCSC guidance on…Read More

How the new government’s plans may impact your business

This week’s blog post provides you with key highlights from the Chancellor’s first speech, details of HMRC’s new VAT registration tool, plus information on the new government’s six first steps for change and how it may affect your business. Highlights from the Chancellor’s speech: What are the implications for tax and compliance? The new Chancellor…Read More

Tips on managing employee annual leave, boring but important – your organisation’s health and safety policy, plus how city centre declines could open up opportunities

At MLS Accountancy, we understand that managing employee annual leave can be tricky, so today we will offer you top tips on how to ensure that your staff take the break they deserve whilst simultaneously you are able to keep your business running efficiently.  Plus, it might not be the most exciting of tasks, but…Read More

How will the new government affect your tax bill?

Following last week’s Labour landslide, today we take a look at the potential effects on your tax bill.  Plus, good news as the economy grew more than expected between January and March, and we provide information for the UK’s veterinary surgeons on transitioning to the new Special Import Certificate (SIC) digital service. Election results in:…Read More

The 6 key principles in the code of conduct for directors, plus the benefits of employee ownership

Today we explore the voluntary code of conduct for directors to see whether it will be utilised by companies, plus we take a look at the key benefits of shifting to employee ownership such as effects on employee retention and the impact on the local economy. Voluntary Code of Conduct for Directors: will it make…Read More

P11Ds – are you ready to submit yours?

Today we guide you through all you need to know about submitting your P11D, including what needs to be submitted and by when.  For more information or to see how MLS Accountancy can help you with your P11D submission, feel free to take a look at our website Reminder: P11D form submission deadline rapidly approaching…Read More

Latest inflation figures, new rules on the distribution of hospitality tips, plus claiming Child Benefit for students in further education

Today we take a look at the latest inflation figures, the upcoming Employment (Allocation of Tips) Act 2023 and guidance regarding how to claim Child Benefit if your child is aged between 16 and 19 and still in full-time education. Inflation falls to 2% Figures released by the Office of National Statistics show that the…Read More

A guide to the General Election 2024: Tax implications for your business

Today, our blog post focuses on possible tax implications for your business as a result of next week’s general election.  As a business owner, you’ll likely be wondering how the upcoming general election on 4 July 2024 is likely to affect your business. A new government can mean significant legislative changes and tax upheavals that…Read More

Latest labour market trends from the ONS, support for female entrepreneurs plus Apple and Microsoft’s brand new AI tools

Whilst stats from the ONS can make interesting reading, it’s vital that you understand what impact the trends they identify can have on your business.  For example, you may need to opt to take on fewer staff, but pay a higher wage in order to improve retention.  Female entrepreneurs can also benefit from a new…Read More

Ideas for funding small businesses, and considerations when buying a second home

Just two topics on the agenda for today’s blog post – an exploration of potential finance options for small businesses, plus top points to consider when purchasing a second house. Exploring finance options for small businesses: A guide to fuelling growth Shawbrook Bank recently conducted research that indicated that half of small business owners have…Read More

An easier method for choosing a secure password, a potential cut in interest rates, and initiatives to enhance fish stock sustainability

Here at MLS Accountancy we understand that choosing yet another password can be frustrating, especially as we’re constantly encouraged to choose a password which contains a combination of upper and lower case, numbers, symbols…the list goes on.  Today we use the advice of the NCSC to help you choose a simpler password to remember, but…Read More

How the upcoming general election could impact your business, plus practical advice for trustees from the Charity Commission

Whilst we have no desire to influence your voting decision at the upcoming general election, we discuss key considerations which may impact your business under a potential new government.  We also share advice for trustees of charities in the event of disagreements. How a general election can affect your business The news is currently full…Read More

Reforms to Companies House are in progress, a reduced fine for a huge data breach and new guidance for machine learning principles

Today we focus on a variety of topics, including the progress in the reforms to Companies House, how the Police Service of Northern Ireland avoided a multi-million pound fine and the National Cyber Security Centre’s guidance for utilising machine learning systems. Report on Companies House progress released The Economic Crime and Corporate Transparency Act 2023…Read More

A comparison of finance options for loaning new equipment, the ONS’s latest business survey results, and the Digital Markets, Competition and Consumers Act becomes law

We start the week with helping you compare which finance option is best for your business when it comes to investing in new equipment or vehicles, the latest results from the ONS and how the Digital Markets, Competition and Consumers Act could affect you. Choosing the best way to finance business asset purchases: Lease, Contract…Read More