How can we help you?

Contact Us For updates on Brexit upcoming Webinars Read our Blog


Blog

How outsourcing your payroll to an accounts team could benefit your business

Payroll is an important but sometimes overlooked process within some businesses and is often seen as a burden by owners and managers. The ever-changing rules around pensions and rate of pay can make it a minefield for the uninitiated. That is why outsourcing this complex administrative task...

Read More

Companies house ends payment breaks for late filing penalties

New guidance from Companies House has confirmed that it has ended payment breaks for late filing penalties introduced over a year ago to help businesses affected by COVID-19.This change in policy means that automatic penalties will be issued against private companies, public companies, and limited...

Read More

Reforms to Statutory Sick Pay not expected soon

Statutory Sick Pay (SSP) has been in the spotlight in the last year due to the pandemic, with questions being asked about how it could be reformed and whether it could be increased from the current level of £96.35 per week.This led to the launch...

Read More

UK business confidence hits a four-year high

Business confidence in the UK is at the highest level for more than four years according to a new survey, with nine of the 12 UK regions expecting growth.The monthly Lloyds Business Barometer research highlights the performance of businesses with a turnover of £1 million...

Read More

Business leader calls for action on skills to support the recovery

The boss of one of Britain’s most influential business organisations has called on the Government to take action to make sure the UK’s economy does not stall because of labour shortages.The Director-General of the Confederation of British Industry (CBI) says business also has a part...

Read More

Tax-related scams double during coronavirus pandemic, figures reveal

Tax-related scams have almost doubled in the past 12 months, HM Revenue & Customs (HMRC) has revealed.The tax authority said the coronavirus pandemic has created a perfect environment for criminals to operate in.According to the most recent figures available, HMRC received more than one million...

Read More

The rise in Corporation Tax – What do businesses need to know?

The pandemic has had a significant effect on public finances, with the Government spending more than £370 billion on its financial response to COVID-19, which is why Corporation Tax is set to rise. When will Corporation Tax rise and by how much? From April 2023, the Corporation...

Read More

New study shows how cloud accounting software saves businesses “substantial time and money”

According to a major new study, published by HM Revenue & Customs (HMRC), implementing cloud accounting software could help businesses save substantial time and money.The findings form part of new research examining the impact of Making Tax Digital (MTD) for VAT in the workplace following...

Read More

Small And Medium-Sized Businesses – What are the advantages of outsourcing accounting?

Many small and medium-sized businesses may not have the resources to have a dedicated finance team employed full time but still need additional support to manage bookkeeping, accounting and tax tasks. This is where outsourcing can provide a powerful tool for small and medium-sized enterprises (SMEs),...

Read More

CHIEF service to close from March 2023, Government reveals

The Customs Handling of Import and Export Freight (CHIEF) system will be replaced by a single unified customs service from March 2023, it has been announced.HM Revenue & Customs (HMRC) said its replacement, known as the Customs Declaration Service (CDS), will save businesses time and...

Read More

Fraud and COVID support – Audit risk assessments

During the last year, lots of businesses have had to rely on the COVID-19 financial support provided by the Government. Unfortunately, there is growing concern about fraud that may have been conducted during the use of these schemes.That is why HMRC is already undertaking many investigations...

Read More

How to choose the right auditor for your business

Every business should regularly review the service levels and costs associated with their audit.Choosing the right auditor is an extremely important decision. You will work with your auditors year after year, so their insights are likely to be fundamental to your business' success.Most accredited auditors...

Read More

HMRC helpsheet to support residential property sellers with new CGT rules

New guidance will help homeowners understand the implications of capital gains tax (CGT) when selling UK residential property, it has been revealed.HM Revenue & Customs (HMRC) said the new helpsheet – which can be downloaded here - will support taxpayers in complying with new reporting...

Read More

Electric car registrations surpassed 10 per cent mark in UK

According to new data, 10.7 per cent of car registrations in June were completely battery electric vehicles.In the same month, the Tesla Model 3 (a zero-emission car) was the largest seller in the UK, making it the first time electric car sales went past the...

Read More

Time to take advantage of the Kickstart and Apprenticeship Schemes

Businesses looking to expand or rebuild their workforce should take full advantage of the Kickstart and Apprenticeship Schemes to fund the recruitment and cost of hiring new staff. Kickstart Scheme Launched last year, the Government’s Kickstart Scheme has undergone a significant change, meaning that a business...

Read More