Latest News
The benefits of Employee Ownership Trusts - August 14, 2023
Introduced in 2014, Employee Ownership Trusts (EOTs) provide an attractive alternative to traditional business succession strategies, offering a series of unique benefits to businesses, their employees,… |
£56 million overpaid in pension tax - August 14, 2023
In the second quarter of 2023, overpayments on pension tax in the UK reached £56 million. This was an increase of nearly £8 million from the first quarter of the year, according to HM Revenue & Customs… |
New R&D supplementary information form in effect - August 14, 2023
As of 8 August 2023, all Research and Development (R&D) Tax Credit claims require the submission of an online Additional Information Form (AIF) providing supplementary project details. The form must… |
Inflation and increased interest rates – What does it mean for businesses? - July 7, 2023
Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) – the official measure of inflation – only fell to 8.7 per cent in the 12 months to May 2023. While the rate of… |
HMRC sets its sights on SMEs over UK tax gap - July 7, 2023
The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider than anticipated due to SMEs, according to HM Revenue & Customs (HMRC). The… |
The hidden economy: What income should you declare? - July 7, 2023
The number of individuals participating in the UK’s ‘hidden economy’ is increasing according to recent research. A surge in additional income streams, from moonlighting to online trading, has led… |
Management accounts: The importance of having a clear view of your business during uncertain times - July 7, 2023
In times of economic uncertainty, businesses should have a clear plan to ensure that they can navigate any potential financial pitfalls. One of the best ways businesses can do this is with the use of management… |
Time to exit: New research shows many business owners are planning ahead - July 7, 2023
New research from wealth management firm Evelyn Partners has revealed that the majority of business owners with companies that earn more than £5 million annually are preparing for an exit. With 65 per… |
Are banks supportive of SMEs and willing to assist their growth? - July 7, 2023
Small and medium-sized businesses (SMEs) have struggled to access finance from banks for a while, with many having to turn to alternative lenders and sources to secure much-needed funding for investment…. |
Car vs Van – Tax treatment of electric vehicles - June 6, 2023
There have been several important tax decisions previously regarding the difference between vans and cars, but how do the different rules regarding electric vans affect their tax treatment? Let’s use… |
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Mar
The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face …
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Mar
You may have already heard that the Chancellor, Jeremy Hunt, has announced an …
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Spring Budget 2024
The latest Budget was an important speech for the Chancellor, Jeremy Hunt...