Late payments are significantly affecting UK SMEs

Posted in Blog, SMEs, SMEs / Business | Posted on 9 Dec, 2019

According to MarketFinance Business Insights, small and medium-sized enterprises (SMEs) are experiencing greater delays in receiving payments, with the average length of time doubling from 12 days to 23 days over the past year.


One in three small business owners “prioritise work-life balance”, study reveals

Posted in Blog, SMEs, SMEs / Business | Posted on 6 Dec, 2019

More than 33 per cent of entrepreneurs see “cutting down work hours” as a major priority, a new study has revealed.


IR35: HMRC launches updated CEST service

Posted in Blog, HMRC, Tax | Posted on 4 Dec, 2019

HM Revenue & Customs (HMRC) has launched an updated Check for Employment Status for Tax (CEST) service ahead of the introduction of the IR35 off-payroll working rules for the private sector on 6 April 2020.


VAT receipts rise to record £133 billion

Posted in Blog, HMRC, SMEs, SMEs / Business, Tax | Posted on 2 Dec, 2019

The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors.


Two in five small businesses run by millennials, research reveals

Posted in Blog, SMEs, SMEs / Business | Posted on 29 Nov, 2019

Almost two in five small businesses in the UK are run by millennials, a major new study has revealed.


Fall in number of arrests for tax evasion

Posted in Blog, HMRC, Tax | Posted on 28 Nov, 2019

According to industry figures, the number of people arrested in the UK on suspicion of tax evasion has reached the lowest level for five years.


IR35: HMRC loses £243,000 tax case

Posted in Blog, HMRC, Tax | Posted on 27 Nov, 2019

HM Revenue & Customs (HMRC) has lost a case against an IT Consultant that the tax body deemed liable for £243,000 in tax under the IR35 rules.


A tax guide for SMEs

Posted in Blog | Posted on 25 Nov, 2019

According to accounting software provider, QuickBooks, over 50 per cent of UK small and medium-sized enterprise (SME) owners have made a mistake when filing their VAT returns, while just a quarter (25 per cent) feel confident


How to avoid tax scams this Christmas

Posted in Blog, HMRC, Scams, Tax | Posted on 22 Nov, 2019

Did you know that last year, HM Revenue & Customs (HMRC) received almost 900,000 reports from the public about suspicious calls, texts and emails?


Majority of employees uncomfortable discussing finances at work

Posted in Blog, Financial Planning | Posted on 21 Nov, 2019

According to the latest research, two-thirds of employees do not feel comfortable talking about their finances at work, despite more than a fifth of people struggling to make ends meet.