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.

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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.

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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.

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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.

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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.

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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.

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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.

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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

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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?

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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.

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