The latest tax, employment, business and economic news affecting firms and individuals alike. Updated each day.
- Understanding the Small Companies Regime Under the Companies Act 2006: A Guide for Business OwnersIf you’re running a company and wondering whether you qualify as “small” under the Companies Act 2006, you’re in the right place. Understanding whether your business qualifies for the small companies regime is crucial for determining the level of financial reporting and auditing requirements you must follow. This blog will walk you through the relevant… Read More »Understanding the Small Companies Regime Under the Companies Act 2006: A Guide for Business Owners
- Making Tax DigitalWhat is Making Tax Digital? Making Tax Digital (MTD) is a government initiative designed to streamline the UK tax system by digitising tax reporting and filing. Its ultimate goal is to reduce errors, improve efficiency, and make it easier for businesses and individuals to manage their tax affairs. MTD is an important step in the… Read More »Making Tax Digital
- Tackling Tax Evasion: What are the key issues?In 2022/23, HMRC have lost £5.5 billion of revenue. 81% (£4.4 million) of this loss was attributed to small businesses (companies, partnerships and sole traders). In the years since, tax evasion among small business has increased, although it does remain stable across other sizes of businesses. According to the National Audit Office, HMRC does not… Read More »Tackling Tax Evasion: What are the key issues?
- What to Consider When Starting a Business Starting a business is a stressful and exciting time. There are so many things to consider – branding, employees, strategy, and more. This blog will outline some of the key things you should be thinking about when starting your own business in terms of financial planning and requirements. We’ll go through any information available in… Read More »What to Consider When Starting a Business
- Pre-Budget Considerations for Clients in England and WalesThe Autumn Budget – the first budget from the new Labour government – is due to be announced on the 30th October 2024. The chancellor is anticipated to announce significant tax changes and measures to raise revenues for the government. But what does this mean for you and your business? This blog is designed to… Read More »Pre-Budget Considerations for Clients in England and Wales