According to the Federation of Small Businesses (FSB) survey, more than 440,000 small businesses could fail because of a new late payment crisis. The national small business organisation has called for the Government to step in and take urgent action to improve how companies are paid. According to the FSB study, 30% of small businesses

Are you an unincorporated company? Watch out for the income tax basis period reform. All unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April (or 31 March) each year from 2024-25. Here is what you need to know about the income tax

At the start of 2021, there were estimated to be 5.6 million UK private sector businesses. Small and medium-sized enterprises (SMEs) are the lifeblood of the country, accounting for 99.9 per cent of all businesses across the UK. According to a survey commissioned by Sage, SME's acknowledge that their operations would struggle to function efficiently without

Whether it is down to the spread of the Coronavirus or just a general trend to a more cashless society, card payments have boomed in the last couple of years. While restrictions were in place, hardly anyone accepted cash and it is a trend that looks like it will continue with more and more payments

Keep your workplace Christmas gifts and celebrations tax-free. Want to avoid the taxman's naughty list this year? Follow our guidelines to take advantage of trivial benefits rules for seasonal gifts and parties for your staff. Christmas gifts Under the trivial benefits rules, employers can treat their teams with an item of value that does not

Well according to a recent Employment Appeals Tribunal (EAT), yes, they should. In this latest case, a taxi driver in Watford was employed by a firm, which dictated that as part of his conditions of employment he was required to provide a vehicle and uniform, both of which were rented from a company associated with