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Currently a sole trader but considering going limited? We weigh up the pros and cons for you.  Plus…..the latest government u-turn on twin-cab pick-ups, an increase in fees from Companies House and flexible working request changes to be aware of

Exploring tax implications: Limited company vs Sole Trader When starting a business, or indeed as an established business, choosing the most suitable legal structure for your business is an important thing to consider. Two popular options are operating as a sole trader or forming a limited company. Each of these options comes with its own…Read More

Self-assessment tax refund scams, use of QR codes for customers, checking your waste recycling responsibilities, plus new legal requirements for property developers to support natural habitats

HMRC warns about an increase in tax refund scams HM Revenue and Customs (HMRC) are warning that fraudsters could focus on Self Assessment taxpayers. With the tax return filing deadline having just passed at the end of January, an email, phone call or text message that offers a tax rebate may appear more believable than…Read More

How to increase financial resilience during the recession, managing customer satisfaction, plus the latest inflation figures

Navigating recession: Key considerations for your business The Office of National Statistics released official figures last week showing the UK is now officially in recession. Gross domestic product (GDP) for the October to December 2023 quarter dropped by 0.3%. This followed a fall in the July to September 2023 quarter of 0.1%. A fall in…Read More

Is your SME fully protected against cyber attacks?  A stark warning as a BBL fraudster is sentenced, plus the benefits of cloud accounting

Guidance for small businesses using online services The National Cyber Security Centre have issued some new guidance on “Using online services safely.” To avoid having to set up and manage their own IT infrastructure, many small businesses use online or cloud services. For instance, these might include email, online storage, online accounting and managing of…Read More

Top tips on year-end tax planning, a warning on scam messages, new strategies to tackle financial crime in the waste sector and government data sharing powers saving millions

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Year-End Tax Planning: Maximising benefits for your business We are now within the final two months of the tax year, and…Read More

Consultations continue on a digital pound, why website owners need to check their cookie banners, plus the ONS reveal the latest statistics on the labour market

Welcome to today’s blog post from MLS Accountancy, reviewing the latest business news which may be relevant to you and your company.  As always, if you have any queries please get in touch via our website. No final decision yet on a digital pound The Bank of England and HM Treasury have published their response…Read More

Strategies to improve cash flow, January’s NI cuts, plus the risk of employing illegal workers

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Streamlining your business: Strategies to speed up customer payments and improve cash flow Begbies Traynor, a firm of business rescue and…Read More

Potential fraudulent BBL scheme applications, HSE’s plan to tackle asbestos, and a Cyber Essentials programme for SMEs

Today’s blog post discusses tackling potential fraudulent BBL scheme applications, HSE’s plan to tackle asbestos, and a Cyber Essentials programme for SMEs Pilot scheme to look at potential fraudulent Bounce Back Loan Scheme applications The Department for Business (DBT), the Cabinet Office, and HM Revenue & Customs (HMRC) have initiated a pilot program to detect…Read More

Have you submitted your Self Assessment yet?  You’d better hurry if you haven’t!

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Self Assessment deadline now imminent! HMRC released figures last week indicating that some 3.8 million tax returns were yet to be…Read More

A powerful reminder to prioritise people over technology, HMRC’s payment plans for tax payers and current interest rates

Welcome to today’s blog featuring our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Post Office Horizon scandal: A stark reminder to prioritise people over systems The recent Post Office Horizon scandal,…Read More

Mastering cash flow forecasting, the 2019 Hague Convention, plus a warning to declare financial spending accurately

Welcome to today’s blog featuring our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Mastering Cash Flow Forecasting In the dynamic world of managing a business, one of the most critical elements…Read More

Adapting your business strategies, tackling cyber security, helping you to focus on your wellbeing for 2024, plus how to seek support if the recent floods have damaged your property

Welcome to our round up of the latest business news for our clients. Please contact us if you want to talk about how these updates affect your business. We are here to support you! Adapting to Change: Essential Strategies for Business Success With all the changeable weather we have been having recently we hope you…Read More

Do you need to update your employment contracts to reflect holiday entitlement reforms? Plus the self-assessment tax deadline is looming – are you ready to submit yours?

Holiday pay and entitlement reforms Coming into force from 1 January 2024, the Working Time Regulations, as amended by The Employment Rights (Amendment, Revocation and Transitional Provision) Regulations 2023, introduced reforms that simplify holiday pay and entitlements. Following Brexit, any European laws that were retained in the UK automatically expired on December 31 unless legislation…Read More

Is your business offering customers the best experience? Plus how financial engineering can assist in solving financial problems.  All in today’s blog post from MLS Accountancy!

Customers want experiences Online business models are great, but there is a reason why Ikea and Lego are opening physical stores. Traditionally, businesses focused on developing high-quality products to meet customer needs and expectations. However, the modern consumer is not merely seeking a transactional exchange – they crave a holistic experience that goes beyond the…Read More

Were you a festive tax return filer?  Apparently 4,757 people in the UK were! Not sure how to recycle electrical goods or what the new minimum wage rates will be this April?  Then read on….

Welcome to MLS Accountancy’s first blog post for 2024.  We hope you had an enjoyable break and are feeling rejuvenated and ready to go for the new year.  If you need any assistance with your business’s accounting needs, please do get in touch and we will be happy to help. 4,757 festive tax return filers…Read More