Bal’s Office Christmas tips

With December festivities upon us, there is tinsel flying around the office and a constant supply of mince pies in the kitchen. Whether you love Christmas or loathe it, there are a few office tips we can suggest to help handle all areas of the holiday season. Health & Safety; as we hit December, your team members may get busy by putting up their festive Read more…

Annual R&D spend in the UK reaches £25 billion

According to the latest figures from the Office for National Statistics (ONS) businesses in the UK spent £25 billion on research and development (R&D) during 2018. The figure represents a 5.8 per cent increase on the previous year when the figure stood at £23.7 billion. The ONS claim the figures highlight an upward trend when looking at R&D expenditure in constant price terms with an Read more…

Keeping workplace gifts tax-free this Christmas

Over the Christmas period, you may wish to treat your employees. This is a tried and trusted approach to building a strong relationship with your team. But are you aware that you may be breaking PAYE rules by doing so? We want to ensure that you enjoy the holidays just as much as your team, so we’ve put together our top tips to ensure that Read more…

HMRC urges taxpayers to be vigilant ahead of self-assessment deadline

HM Revenue & Customs (HMRC) has urged taxpayers to be vigilant ahead of the self-assessment deadline on 31 January 2020, with a surge in fraudulent activity expected. HMRC has said that it has received 900,000 reports in the last 12 months relating to suspected fraud, with phone calls, text messages and emails being the most common form of scam. The volume of scams is expected Read more…

The end of the help-to-buy ISA – What’s next?

Since 2015, banks and building societies have been offering help-to-buy ISAs to first-time buyers. To qualify, you had to be 16 or over and be a first-time buyer. However, as of the end of last month, the scheme has been closed to new savers. Under the scheme savers could deposit a lump sum of up to £1,200 when they opened an account, following this, each Read more…

Late payments a huge drain on SMEs

Small firms are owed a staggering £23.4 billion in late payments, an issue that is continuing to cause greater problems for businesses each year. In the last year alone, the figure has increased by £10.4 billion. According to one study by Pay.UK, this is costing small businesses dear in both time and money, as 22 per cent of those waiting to be paid are spending Read more…