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Business News

Managing your cash flow is essential right now

15th Feb 2023 | Posted by: Suzy Hill

With ever increasing supplier prices, a recent rise in interest rates, and a looming recession, managing your business’s cash and understanding the flow are now vital tools in maintaining resilience and being able to adopt flexible strategies for success.

New law gives employees more say over their working hours

14th Feb 2023 | Posted by: Suzy Hill

The UK government has supported the recently introduced “Predictable Terms and Conditions” Bill, which will bring forward changes for tens of millions of workers across the UK.

UK Government to crack down on ‘fire and rehire’ practices

13th Feb 2023 | Posted by: Suzy Hill

The government is taking action against unscrupulous employers that use the controversial practice of ‘fire and rehire’, it has announced.

Minimum Wage rates increase from 1 April 2023

8th Feb 2023 | Posted by: Suzy Hill

Employers should be aware that all minimum wage rates increase on 1 April of each year. This includes all National Minimum Wage rates and the National Living Wage rate.

Can you reduce your 2021/22 Tax Bill?

1st Feb 2023 | Posted by: Suzy Hill

If you would like to legitimately reduce your 2021/22 tax bill that you have just paid, or your bill for 2022/23, you might want to consider investing in shares in qualifying Enterprise Investment Scheme (EIS) companies

A Plan to Save SMEs

25th Jan 2023 | Posted by: Suzy Hill

I remember learning about Just in Time at college. It amazed me that the purchase of a carrot at a supermarket in Rotherham would immediately result in Jethro extracting its replacement from a field in Lincolnshire.

Tax receipts total £553 billion as threshold freeze bites

25th Jan 2023 | Posted by: Suzy Hill

Total tax receipts have hit £553.2bn so far this year, up £48bn on the same period a year earlier, with a £1.7bn boost from the windfall tax on energy producers

Inflation falls slightly to 10.5%

19th Jan 2023 | Posted by: Suzy Hill

The rate of inflation may now have peaked but the cost-of-living crisis continues to put pressure on businesses and households, says the Confederation of British Industry (CBI).

HMRC cracks down on rogue repayment agents

18th Jan 2023 | Posted by: Suzy Hill

HMRC is taking immediate action to clamp down on rogue repayment agents who entice taxpayers into agreements to reclaim overpaid tax while taking large commissions

Energy support for business cut from April

10th Jan 2023 | Posted by: Suzy Hill

Businesses, charities, and the public sector will receive limited energy discounts from 1 April in a year-long £5.5bn package announced by the Chancellor

Crypto gains must be included on tax returns

6th Jan 2023 | Posted by: Suzy Hill

It is important to report gains on crypto assets, such as Ethereum, Bitcoin and non-fungible tokens (NFTs), on tax returns as they are subject to income tax and capital gains tax (CGT)

Food price inflation hit record high in December

6th Jan 2023 | Posted by: Suzy Hill

UK food prices rose at a record rate in December as families stocked up for Christmas, according to data from the British Retail Consortium (BRC).

HMRC raises late payment interest from 6 January

28th Dec 2022 | Posted by: Suzy Hill

HMRC will raise interest rates on tax debt from 6 January following the latest 0.5% increase in the Bank of England base rate

King Charles III bank notes due in 2024

23rd Dec 2022 | Posted by: Suzy Hill

The King Charles III bank note designs have been revealed by the Bank of England, which are likely to enter circulation in 2024

New Year Resolutions to Save Tax

21st Dec 2022 | Posted by: Suzy Hill

At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs before the end of the tax year on 5th April.

Spring Budget set for 15 March

20th Dec 2022 | Posted by: Suzy Hill

The Treasury has confirmed that the Spring Budget will be held on 15 March 2023

Funding for the country’s woodlands and timber industry

19th Dec 2022 | Posted by: Suzy Hill

Projects that tackle some of the greatest threats to trees and forests will get government funding

Fuel prices dropping too slowly at the pump

15th Dec 2022 | Posted by: Suzy Hill

There is evidence that 'rocket and feather' fuel pricing happened in 2022, according to a report published by the Competition and Markets Authority (CMA).

£4.5 billion lost to COVID-19 fraud

14th Dec 2022 | Posted by: Suzy Hill

The total value of fraud in three coronavirus (COVID-19) schemes totalled £4.5 billion, with the tax authority only expecting to recover £1.1 billion

Tax Free Christmas Gifts To Staff

12th Dec 2022 | Posted by: Suzy Hill

As many businesses will be preparing for the Christmas festivities, this is a timely reminder that employers may make small tax-free gifts to employees and directors

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