02-08-2022
When disputes arise between shareholders they can be highly damaging to the business. When these shareholder disputes are ongoing, they can create ongoing management problems and reputational issues. Entrenched positions can make it difficult for common ground to be found with any possibility of mutual agreement soon being lost. In many cases, independent, professional advice
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02-08-2022
Ask anyone who either uses their vehicle for business reasons, or puts fuel in a company car, and you will soon realise business mileage can be a confusing topic. It’s important to know that if you fall into either of these two categories, you might be able to claim tax relief for business mileage. HM
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02-08-2022
Solar energy is an increasingly popular way to harvest sunlight to power homes and businesses. A means to generate additional revenue streams, it is an attractive prospect for companies and independent investors. Never-ending resource The sun has been in action for billions of years and produces enough energy for every single human. The only limitation
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02-08-2022
HM Revenue & Customs (HMRC) has announced plans to offer a recurring direct debit to employers as part of their wider payment modernisation programme. At present, employers can only set up a direct debit to collect a single payment. The launch of this service, slated for mid-September this year, will see a change to the
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02-08-2022
A new study has revealed the cashflow struggles faced by small businesses across the UK, resulting in calls for Government action. The research, conducted by Xero Small Business Insights and Accenture, discovered that the average UK small business experienced a “cash flow crunch” for more than four months every year. A cash flow crunch is when monthly takings
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02-08-2022
With fluctuating incomes and the costs of living hitting businesses and individuals alike, people who have never previously had any issue with paying tax bills on time may have found themselves passing the 31 July payment on account deadline without being able to pay what they owe. If this is the position you find yourself
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02-08-2022
The Recovery Loan Scheme, which helped businesses throughout the pandemic, has been extended for a further two years. Launched on 6 April 2021, the Recovery Loan Scheme (RLS) was one of several finance schemes available to struggling businesses. It provided financial support to businesses across the UK as they recovered and grew following the Coronavirus
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02-08-2022
Corporation Tax (CT) rates are set to rise in the UK from 1 April 2023. From this date, the main rate of CT will increase to 25 per cent for all companies with taxable profits over £250,000. There will also be a small profits rate for companies with taxable profits of £50,000 or less of
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08-07-2022
Why is forensic accounting in fraud so important? When do you need a forensic accountant in a fraud investigation? Huge amounts of money are fraudulently obtained and trafficked in the UK every day. Fraud is a massive problem for businesses and organisations of all kinds and for that reason, highly-skilled accountants are often consulted to
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06-07-2022
The Climate Change agenda has gathered pace over the past few years with nations setting targets to reach net-zero carbon emissions. In the UK, that target date has been set for 2050, with ambitious goals for reductions over the coming decades. This has consequences for government, public sector bodies and businesses. While there has been
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06-07-2022
From 2024/25, unincorporated businesses; sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April each year. This is a significant taxation change, removing the basis period rules and preventing the creation of further overlap relief in a new system known as the ‘tax year basis’.
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06-07-2022
A new survey shows taxpayers have an alarming lack of readiness and enthusiasm for the Making Tax Digital (MTD) changeover. Most taxpayers lack awareness that MTD for Income Tax begins in less than two years. HM Revenue & Customs (HMRC) commissioned pollsters Ipsos to undertake new research to explore the preparedness of Income Tax Self-Assessment
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