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Business News
Cybercrime – how can you protect your business?
27th Jul 2018 | Posted by:Cybercrime remains a serious problem for businesses, with potentially significant consequences. Here, we take a look at strategies you may wish to utilise.
Read MoreTwo-tier Making Tax Digital penalty regime confirmed
10th Jul 2018 | Posted by:The penalty system for Making Tax Digital will kick in within 15 days of an overdue payment and will be a two-tier system.
Read MoreAlmost half of SMEs ‘unaware of Making Tax Digital’
6th Jul 2018 | Posted by:A recent report has revealed that 41% of small business owners are ‘still unaware’ of Making Tax Digital (MTD).
Read MoreBusiness leaders call on Chancellor to review UK tax system
2nd Jul 2018 | Posted by:In a letter to Chancellor Philip Hammond, leaders of some of the UK’s most prominent business associations have urged the government to undertake a review of the so-called ‘tax burden’ that faces the finance industry and UK entrepreneurs.
Read MorePaying family members
29th Jun 2018 | Posted by:A recent tax case highlights the need for care when paying family members for work done in the business, says Brearley and Co Tax manager, Andrew Cowe.
Read MoreDon’t miss the P11D Deadline!
28th Jun 2018 | Posted by:Do you provide expenses or benefits to employees or directors? Then by law you need to complete and submit a P11d form to HMRC for each employee that has received the benefits or expenses payment and a P11d (b) to summarise the class 1A NIC due
Read MoreTackling the late payments epidemic
26th Jun 2018 | Posted by:Research published by the Prompt Payment Directory has suggested that many small business owners are ‘struggling financially’ as a consequence of late payments, with 23% of businesses facing bankruptcy or liquidation as a result of such payments.
Read MoreReport suggests payments by card are ‘now more popular than using cash’
22nd Jun 2018 | Posted by:A report published by trade association UK Finance has revealed that, by the end of 2017, more payments were made using debit cards, at 13.2 billion payments, than payments made using cash, which totalled 13.1 billion payments.
Read MoreBusiness group urges government to increase VAT registration threshold
7th Jun 2018 | Posted by:The Association of Independent Professionals and the Self-Employed (IPSE) has urged the government to increase the VAT registration threshold in order to ‘stimulate small business growth and encourage innovation’.
Read MoreRising fuel prices adversely affecting UK businesses
6th Jun 2018 | Posted by:The motoring industry has warned that rising prices for both petrol and diesel are adversely affecting UK businesses.
Read MoreeBay and Amazon pledge to promote VAT compliance
31st May 2018 | Posted by:The European arms of Ebay and Amazon have signed an agreement with HMRC to tackle online VAT fraud and promote VAT compliance to users of online marketplaces, although there are only three signatories to the agreement so far
Read MoreCompany directors to face fines for unsolicited calls
31st May 2018 | Posted by:The government has outlined new proposals to fine bosses of UK businesses which make unsolicited phone calls. Figures published by regulator Ofcom revealed that consumers received 3.9 billion unsolicited phone calls and texts in 2017.
Read MoreOnline gambling tax rise to offset betting terminal stake cut
18th May 2018 | Posted by:The government’s decision to cut the maximum stakes on fixed odds betting terminals (FOBTs) from £100 to £2 is likely to result in a hit to the estimated £450m tax take from the machines each year, with the Treasury looking to increase taxes on online gambling to address the shortfall
Read MoreUK workers will require pension pot of ‘at least’ £260,000
17th May 2018 | Posted by:A study carried out by insurers Royal London has suggested that UK workers will require a pension pot of ‘at least’ £260,000 to ensure a comfortable retirement.
Read MoreBusiness owners believe self-employment has ‘improved quality of life’.
16th May 2018 | Posted by:A survey carried out by AXA Business Insurance has revealed that a significant number of self-employed individuals believe that working for themselves has ‘improved their quality of life’.
Read MoreNational minimum wage back payments hit £15.6m
10th May 2018 | Posted by:The number of national minimum wage (NMW) underpayments has hit a record 200,000 workers in the past year, more than double the previous year’s total.
Read MoreAbolition of stamp duty for first-time homebuyers ‘benefits 69,000 households’
1st May 2018 | Posted by:The abolition of Stamp Duty Land Tax (SDLT) for first-time homebuyers of properties worth under £300,000 has ‘benefitted 69,000 households’, government data has suggested.
Read MoreMitigating the spiralling costs of auto -enrolment
26th Apr 2018 | Posted by:Salary Sacrifice arrangements may offset the spiralling cost of auto-enrolment, benefiting both employers and workers, says Brearley & Co Tax Manager, Andrew Cowe.
Read MoreMaking Tax Digital: where are we now?
25th Apr 2018 | Posted by:With Making Tax Digital for VAT (MTD for VAT) set to be introduced in April 2019, the government has published legislation setting out the requirements for the initiative. Read more on the subject here.
Read MoreOTS calls for ‘urgent review’ into how UK tax system affects businesses
18th Apr 2018 | Posted by:In a report, the Office of Tax Simplification (OTS) has called for the government to carry out ‘urgent work’ in order to simplify the business tax system for UK firms.
Read MoreHow can we help you?
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