Employment and overall wages hit record highs

Posted in Blog, Economy, SMEs / Business | Posted on 23 Jan, 2019
In November, Britain saw the largest rise in overall real wages since September 2016, raising the spending power of the average British worker to the highest it has been in two years. The dramatic increase

HMRC wrongly issue fines before the self-assessment deadline

Posted in Blog, HMRC, Tax | Posted on 21 Jan, 2019
It has been revealed that Her Majesty’s Revenue & Customs (HMRC) has wrongly issued millions of fines to taxpayers, just weeks before the self-assessment deadline on the 31st January. Currently, 11.5 million workers are calculating

Can you save more than £355 on this year’s self-assessment?

Posted in Blog, HMRC, Tax | Posted on 18 Jan, 2019
Self-employed taxpayers may be failing to claim on average £1,687 in tax-deductible expenses, a new report has revealed.

HMRC shifting the “tax burden” onto UK consumers

Posted in Blog, HMRC, Tax | Posted on 16 Jan, 2019
Accounting experts have accused HMRC of shifting the “tax burden” onto UK consumers after finding that 21 per cent of their total income is accounted for by VAT.

HMRC crackdown on online tax evasion in the UK

Posted in Blog | Posted on 14 Jan, 2019
The Joint and Several Liability (JSL) notices, were introduced in 2016 to protect British businesses from being undercut by overseas sellers committing VAT evasion.

ICAEW urging workers to not leave tax return until the last minute

Posted in Blog, Tax | Posted on 11 Jan, 2019
The Institute of Chartered Accountants in England and Wales (ICAEW) has warned self-employed workers not to leave their tax return “to the last minute”.

Businesses to be named and shamed under proposed new late payment system

Posted in Blog, SMEs, SMEs / Business | Posted on 10 Jan, 2019
A newly proposed traffic light system could be used to put a spotlight on businesses with track records of late payments.

High Street sales continue to fall in December as retailers faced worst sales on record

Posted in Blog, Economy, SMEs / Business | Posted on 9 Jan, 2019
For the sixth year in a row, sales have fallen on Britain’s high streets in December.

New Government service has helped 200,000 start-up businesses

Posted in Blog, HMRC | Posted on 7 Jan, 2019
Since the Streamlined Company Registration Service was launched last year, more than 200,000 start-ups have used the service.

Uncertainty stalling UK economic growth, warns BCC report

Posted in Blog, Economy, SMEs / Business | Posted on 4 Jan, 2019
UK growth is stagnating as a result of heightened Brexit uncertainty and other economic pressures, the British Chambers of Commerce (BCC) has warned.