n the world of business, cash flow is king and, for small business owners, it is a lifeline that keeps their ventures afloat and enables growth. However, in recent times, late payments have been an issue that has been casting a shadow over small businesses across the UK. Below, we investigate this pressing concern and …
During the 2023 Autumn Statement, Chancellor Jeremy Hunt made a significant announcement about investment zones that could impact numerous businesses across the UK. The four new investment zones in Greater Manchester, West Midlands, East Midlands (England), and Wrexham and Flintshire (Wales) signify a concerted effort to bolster economic development and stimulate business growth alongside the …
Four new investment zones unveiled and how they could help your business Read More »
In retirement planning, you may encounter a multitude of options and strategies to increase your pot, but some have a catch. However, some prospects are more valuable, and one such opportunity is currently presenting itself to individuals aged 40 to 73 in the United Kingdom. If you fall within this age bracket, it is imperative …
An essential financial opportunity maximising your State Pension Read More »
Alongside measures designed to support growing businesses and workers, the Chancellor’s 2023 Autumn Statement saw the publication of the Future of Payments Review. Chaired by former HSBC Chief Executive, Joe Garner, the review comes as many retailers are struggling with the shift to digital and card payment exclusively. The past few years have seen many …
The future of payments – Cards, cashless and beyond Read More »
Designed to reduce the tax gap and simplify tax management for individuals and businesses, the Government’s Tax Administration Strategy is set to introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) by 6 April 2026. It will allow those who are self-employed, are landlords or are otherwise responsible for their own tax returns to …
Making Tax Digital for Income Tax – Government kills off confusing year-end statement Read More »
Chancellor Jeremy Hunt has announced a number of reforms to policies concerning businesses and innovation, in a bid to enhance growth in the economy. A significant measure concerns various tax relief schemes for businesses in the Research and Development (R&D) sector. Many operators in this sector are eligible for Corporation Tax relief on qualifying expenditure …
R&D tax relief schemes to merge in 2024 – What it means for future claims Read More »
Making sure you’re paying the right amount of tax can be taxing! If you receive a State Pension or other type of pension, then you may still need to pay tax on it. Without the pay-as-you-earn (PAYE) structure of the workplace, you may find it hard to know when and how to pay tax on …
Financial initiatives to support business growth are continually being announced by the Government, local authorities, individuals and private-sector companies. Funding from private companies often aims to nurture specific industries, particularly high-growth sectors like technology, sustainable manufacturing and healthcare. They might target general growth or specific projects, such as the development of a new product. If …
Recent years have held a lot of uncertainty for small and medium-sized enterprises (SMEs) and independent businesses. While there are signs of recovery, SMEs have seen slow growth in recent months. However, with employment increasing at a faster pace than in large firms, there is a variety of ways in which small businesses can protect …
Exiting the slow lane – Sustaining growth in uncertain times Read More »
Inheritance tax (IHT) can be a sore subject for some taxpayers, especially when it comes to passing on the family home to the next generation. Often referred to as a “death tax” it cannot be ignored if you intend to leave considerable wealth to your beneficiaries. Recent developments indicate that more families than ever could …
How to deal with the rising impact of Inheritance Tax on family homes Read More »
