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A ‘painful’ budget for October expected plus a crackdown on illegal employment – is your business compliant?

Today we discuss Starmer’s plans for the October budget, with warnings that it could well be ‘painful’.  The Prime Minister also intends to improve relations with Germany – could this lead to a more stable market? October budget to be “painful” The Prime Minister, Sir Keir Starmer, speaking from Downing Street last Tuesday, has said…Read More

5 things a business can do to successfully adapt to change, self-assessment eligibility, plus Subject Access Request rules

Today we offer our readers a bit of variety – top tips on helping businesses strive for success, how to determine whether or not you are eligible to submit a self-assessment, and lessons from the Labour Party’s reprimand on information requests.  Interested?  Then read on! Adapting to change: Strategies for business success The business environment…Read More

Latest inflation figures, extending Child Benefit payments and Pension Credit eligibility

As summer draws to a close we discuss the latest inflation figures, how to extend your Child Benefit payments if your child decides to remain in education following the collection of their GCSE results, and how to check if you are eligible for Pension Credit. Inflation increases to 2.2% in July The Office of National…Read More

New business idea?  We guide you through an evaluation to assess its viability

Since Covid, more and more entrepreneurs are starting up creative businesses.  Today we help you to ascertain the viability of your creative ideas to decide whether your business could be a huge success. Evaluating a business idea: A guide for aspiring entrepreneurs The economy is continuing to grow, according to the latest figures for the…Read More

Changes to student loan repayment thresholds, warnings of data breaches, and help for those businesses affected by the recent riots

Today’s blog post discusses a wide range of topics, starting with the latest changes to student loan repayment thresholds, a stark warning regarding the consequences of data breaches, and details of support provided by the FBS for small businesses affected by the recent riots. Updated interest rates and repayment thresholds for student loans announced The…Read More

Government funding for businesses, the consequences of fraud, and a broadband boost for rural businesses

We discuss a success story of a small business who received government backed funding to enable them to expand, plus the perils of knowingly carrying out fraud and the severe consequences it can bring. Good news for rural businesses as they are given a broadband boost.  Read on to find out more! Could government-backed financing…Read More

HMRC interest rates reduce, farmers start to receive delinked payments, how to check eligibility for farming grants and funding, plus much more!

Today’s blog post covers a variety of topics, starting with HMRC’s decision to reduce interest rates following a reduction in the Bank of England’s base rate .  We also support farmers by providing information on delinked payments, and potential funding and grants.   Small Business Britain opens up registrations for its September instalment of the Small…Read More

Is your strategic plan effective?  Our guide to helping you avoid any pitfalls

Today’s blog post places an emphasis on guiding you through making an effective strategic plan, and how to avoid any potential pitfalls.  We also cover the government’s plans to invest in AI to improve productivity.  Read on to find out more! Pitfalls to avoid in making a strategic plan For businesses, having a strategic plan…Read More

Amazon to charge selling fees, recommendations to changes to the National Minimum Wage, plans to end non-domiciled tax status, and how changes to tax for private schools could affect you,

UK vendors selling products on Amazon are now subject to 20% VAT fees, Labour push forward with changing the National Minimum Wage and ending non-domiciled tax status, plus we help you to navigate the new private school tax fees. VAT on Amazon Fees from 1 August 2024 From 1 August 2024, selling fees charged by…Read More

The Chancellor’s inherited £22billion of unfunded pledges, a drop in interest rates, the IPO’s warning about misleading invoices, plus much more

Today’s blog post discusses potential plans the Chancellor could introduce in this Autumn’s budget, the Bank of England drop the base rate to 5%, HMRC outline their proposal for the abolition of the furnished holiday lettings (FHL) tax regime and the IPO issues warning about misleading invoices. Chancellor’s speech paving the way to a potentially…Read More

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