News
Entrepreneurs’ Relief changes fail to meet up to the test
21 February 2019
During the last Budget, the Government announced new conditions to entrepreneurs’ relief that would take immediate effect to change the definition of a “personal company” for shareholders who claim entrepreneurs’ relief.
Read more...
Payroll sector prepares for key changes in 2019/20
21 February 2019
The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of how businesses could be affected by these changes, below are some of the highlights that employers will need to prepare for.
Read more...
Taxpayers treated unfairly by HMRC, says House of Lords report
04 January 2019
The House of Lords Economic Affairs Committee has criticised some of the powers granted to HM Revenue & Customs (HMRC), describing them as disproportionate and lacking effective taxpayer safeguards. The committee’s latest report says that HMRC’s powers are now too broad...
Read more...
Taxpayers offered online tool to assess their self-assessment requirement
04 January 2019
It should seem obvious whether an individual must submit a self-assessment tax return annually. Yet, each year, thousands of people find themselves brought into the regime unwittingly. To help taxpayers prepare their affairs accordingly, HM Revenue & Customs (HMRC) is offering a free online tool...
Read more...
Tax rates rise twice as fast in the UK than the international average
04 January 2019
According to the Organisation for Economic Co-operation and Development (OECD), UK tax revenue as a percentage of GDP rose to 33.3 per cent in 2017. This was up from 32.7 per cent in the previous year and was more than double the average rate of increase for nations...
Read more...
An end to the Entrepreneurs’ Relief ‘dilutions dilemma’?
04 January 2019
As a business takes off, the level of investment it needs in order to expand can significantly outpace growth in revenues and profits. One of the options open to entrepreneurs at this stage in the development of a business is to issue new shares that secure new investment, without the financial pressures...
Read more...
Brexit uncertainty sends small business confidence to a seven-year low
04 January 2019
Confidence amongst small businesses has tumbled to a seven-year low – in part due to the uncertainty of Brexit. A survey carried out by the Federation of Small Businesses (FSB) has found that nearly one in three small exporters think that sales to overseas customers will fall during the early part of this year.
Read more...
Debt recovery costs small businesses an average of £9,000
04 January 2019
The cash flow difficulties that late payments cause small businesses are well known. However, the cost of recovering late payments is less well publicised, despite being a major and growing expense – coming in at around £9,000 last year for an average business.
Read more...
Smaller estates should not have to file Inheritance Tax paperwork, says Office for Tax Simplificatio
12 December 2018
The Office for Tax Simplification (OTS) has said that smaller and less complex estates should not be subject to the requirement to file Inheritance Tax (IHT) paperwork. The call was part of a review into IHT, which Chancellor Philip Hammond ordered earlier this year.
Read more...
Big increase in P2P lending
12 December 2018
The fifth annual UK Alternative Finance Industry Report has revealed a 65 per cent year-on-year increase in peer-to-peer (P2P) lending. The P2P lending market is now worth £2 billion and small and medium-sized enterprises (SMEs) appear to be the dominant force behind it.
Read more...
Case Studies
-
Customer care is top of the list for packaging business
-
A shared passion for architecture and a head for numbers
-
Cut above the rest in personal management style
-
Taxing demands with old school charm
-
Sometimes a business does exactly as it says on the tin
-
Smiles all round for dental practice
-
A modern approach required for music moguls
-
A taste for growth, a thirst for knowledge
-
Child's play with proactive accounts management