Business News

24 July 2023

Inflation and increased interest rates – What does it mean for businesses?

Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) – the official measure of inflation – only fell to 8.7 per cent

24 July 2023

HMRC sets its sights on SMEs over UK tax gap

The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider than

24 July 2023

The hidden economy: What income should you declare?

The number of individuals participating in the UK’s ‘hidden economy’ is increasing according to recent research. A surge in additional income streams, from moonlighting to online

24 July 2023

Management accounts: The importance of having a clear view of your business during uncertain times

In times of economic uncertainty, businesses should have a clear plan to ensure that they can navigate any potential financial pitfalls. One of the best ways

24 July 2023

Time to exit: New research shows many business owners are planning ahead

New research from wealth management firm Evelyn Partners has revealed that the majority of business owners with companies that earn more than £5 million annually are

24 July 2023

Are banks supportive of SMEs and willing to assist their growth?

Small and medium-sized businesses (SMEs) have struggled to access finance from banks for a while, with many having to turn to alternative lenders and sources to

15 June 2023

Car vs Van – Tax treatment of electric vehicles

There have been several important tax decisions previously regarding the difference between vans and cars, but how do the different rules regarding electric vans affect their

15 June 2023

Roadside charging – How to account for credit card payments

With a growing number of company car owners using electric vehicles, many are deciding or being permitted to use company credit cards to pay for roadside

15 June 2023

Late interest penalties hit 1.4 million taxpayers – and it could get worse

The 2020/21 tax year saw 1.4 million people charged interest on overdue tax payments – a 15 per cent increase on pre-pandemic figures. The data was

15 June 2023

Trivial benefits in kind and the advantages they give to employers

It is important for employees to feel valued in the workplace. A lot of the time, it is the little things that employers can provide to

15 June 2023

Changes to free childcare, but higher earners will still miss out

In the Spring 2023 Budget, the Government laid out plans to shake up the current free childcare system – but many higher earners will be disappointed

15 June 2023

Constantly asked for pay rises? Here is what you need to know about pay in the UK

As an employer, you will likely face the delicate situation of employees asking for pay rises. With the cost-of-living crisis and rise in inflation, these requests