Home News Business News

Business News

HMRC will use AI to target tax evaders

HMRC plans to increase the use of artificial intelligence and machine learning to target tax evaders and non compliant taxpayers

Read More

Is “Going Green” an option for smaller businesses?

After some of the hottest temperatures seen on record last month we have been reminded about global warming and how small businesses could help the drive towards net zero.

Read More

Alcohol duty changes could see extra £3bn by 2027

The new alcohol duty system changes could see an additional £3bn raised in alcohol duties, according to the Office for Budget Responsibility (OBR)

Read More

Don't miss the P11d Deadline!

HMRC has changed legislation from 6 April 2023 to mandate the submission of P11D and P11D(b) returns online

Read More

Should small businesses still use the VAT Flat Rate scheme?

The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to calculate VAT and prepare returns compared to normal VAT accounting.

Read More

HMRC issues warning to over 300,000 tax credit claimants

Tax credits customers have a month to renew their claim or risk having their payments stopped, HM Revenue and Customs (HMRC) has warned.

Read More

How can you protect long-term finances and combat inflation?

The Bank of England (BOE) raised interest rates by half a point to 5 per cent last week, with increasing calls for tougher action to fight persistent high inflation

Read More

HMRC expands use of COP9 tax investigations

HMRC plans to ramp up the use of Code of Practice 9 - COP9 – powers and has clarified the rules on how taxpayers can report fraud where they have failed to pay the correct tax

Read More

Economic Success: Essential Strategies for Businesses Today

So, what do businesses have to do to ensure that they succeed in the present economic environment?

Read More

Flexible working will become the “default” for employees

Following a recent UK Government consultation, flexible working will become the default for millions of employees

Read More

Creating value through innovation

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole.

Read More

HMRC advisory fuel rates for company car users from 1 June 2023

HMRC has published the latest advisory fuel rates (AFR) for company car users, effective from 1 June 2023, cutting diesel rates

Read More

HMRC issues scam warning to tax credits claimants

Tax credit claimants need to be on their guard against fraudsters, as HMRC warns of increasing use of text messages by scammers

Read More

One in five workers will be higher rate taxpayers by 2027, says IFS

The number of people paying income tax at 40% or above will reach 7.8 million by 2027/28, according to research published by the Institute for Fiscal Studies (IFS).

Read More

Review your online sales promotions to ensure they are compliant

The Competition and Markets Authority (CMA) is urging online businesses that sell goods, services, or digital content to consumers in the UK to review their online sales promotions to ensure they do not mislead consumers or give a false sense of a deadline.

Read More

New online hub launched for food businesses

At a time when new food businesses are facing cost pressures and other challenges, the FSA and local authorities want to make it easier for businesses to do the right thing.

Read More

Changes to the VAT online account

From Monday 15 May 2023, unless you are already using Making Tax Digital (MTD) compatible software, you will no longer be able to use your existing VAT online account to file manual VAT returns.

Read More

Artificial Intelligence – Can it work for your business?

With the new wave of artificial intelligence (AI) technology, there’s an opportunity to automate many routine or administrative tasks and improve the overall efficiency of your business.

Read More

Last chance to claim Pension Credit and qualify for £301 Cost of Living Payment

There are just days to go for people to claim Pension Credit and still qualify for the latest £301 payment

Read More

Hybrid working reduces quality of training

The majority of businesses are concerned that the growth of hybrid working has affected the quality of staff training

Read More

How can we help you?

Brearley & Co Accountants are pleased to offer a free, no obligation, initial consultation with one of our experts who will be happy to discuss your business needs and how we can help you.

Contact