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Audit rules are changing – Get ready - August 15, 2024

In a bid to ease the regulatory burden on businesses, new thresholds for classifying company sizes have been announced. This change, introduced by the previous Government, could allow around 132,000 businesses…
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Worried about a new tax bill? A guide for pensioners - August 15, 2024

Recently, many pensioners received surprising news: a tax bill for the first time. This stems from HM Revenue & Customs (HMRC) decision to send letters to over 140,000 pensioners, who have taxable…
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How to keep your business afloat amid rising HMRC pressures - August 15, 2024

Recently, there has been a significant increase in company closures due to petitions from creditors, particularly HM Revenue & Customs (HMRC). In 2023, forced closures rose by 63 per cent compared…
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SME late payments surge: How to mitigate the impact - August 15, 2024

The issue of late payments has become a growing concern for small businesses. Recent data from Xero Small Business Insights reveals that, on average, payments were made 7.3 days late between April and…
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Four great reasons to file your tax return early - June 10, 2024

We often find that clients begin to show signs of stress when the Self-Assessment tax return deadline approaches. This is just one of the reasons we recommend you file your return early, but there are…
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New advisory fuel rates for electric company cars - June 10, 2024

HM Revenue & Customs (HMRC) has recently announced new Advisory Fuel Rates (AFRs) that will take effect from 1 June 2024. These changes include a reduction in the Advisory Electric Rate (AER) for electric…
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The increase to Companies House fees: What you need to know - June 10, 2024

As of 1st May 2024, Companies House has implemented revised fees, marking a significant change in the cost structure for various services. This adjustment stems from the Economic Crime and Corporate Transparency…
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Using an iPhone? Keep an eye out for tax refund scammers - June 10, 2024

HM Revenue & Customs (HMRC) has warned that a new wave of fraudulent text messages is targeting taxpayers using iPhones, claiming that recipients are owed tax refunds and must supply personal information…
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Changing your VAT details? Remain vigilant over latest fraud activity - May 17, 2024

HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484. What’s happening? The form, used by business owners to change…
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SME recovery continues as sustainability and growth take centre stage - May 13, 2024

In its latest research into the UK’s SME economy, NatWest Group has identified an encouraging trend among the country’s independent operators, as SME growth continues for the fifth consecutive month….
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