Chancellor offers reassurance regarding ‘soft landing’ for IR35

The new Chancellor, Rishi Sunak has offered reassurance to contractors that HM Revenue & Customs (HMRC) will ensure a soft landing is in place for the first year following the implementation of the IR35 rules.Continue reading

No small issue – The importance of accounting in microbusinesses

Small and medium-sized enterprises (SMEs) account for the majority of the business population in the UK, producing trillions of pounds in revenue every year. However, a large amount of their time is spent working on financial admin.Continue reading

Points-based immigration system works for small businesses providing “costs are kept down”, says FSB

The Government’s new immigration system “works for small businesses”, but only if costs can be kept to a minimum, an industry body has said.Continue reading

HMRC reminds employers to review benefits in kind to stay compliant

HM Revenue & Customs (HMRC) has reminded employers that the rules surrounding benefits in kind agreed before 06 April 2017 are changing.Continue reading

Confusion over tax-free childcare scheme affecting its use

The take-up of the Government’s Tax-Free Childcare scheme which was introduced as a replacement to childcare vouchers has been hindered by a lack of understanding around eligibility and the financial benefits of the scheme.Continue reading

Government launches new Business Support hub

The Government has today launched a new nationwide business campaign designed to support enterprise owners through the Brexit transitional phase and beyond.Continue reading

Hundreds join demonstration against IR35 rule changes

Hundreds of campaigners have reportedly marched outside Parliament in a demonstration against new off-payroll working rules which are due to come into effect from April this year.Continue reading

Couples celebrate Valentine’s Day with £250 tax break

HM Revenue & Customs (HMRC) is urging civil partners and spouses to celebrate Valentine’s Day by claiming the Marriage Allowance.Continue reading

Government launches consultation on plans for new freeports

The Government has launched a consultation on plans to create up to ten freeports across the UK in a bid to encourage global trade and attract inward investment following Brexit.Continue reading

Businesses could save tax by bringing forward capital purchases

Businesses can deduct the full value of an item that qualifies for Annual Investment Allowance (AIA) from their profits before tax.

But did you know that from 1 January 2019 to 31 December 2020, the allowance has been significantly increased from £200,000 to £1 million?

Continue reading

Can we help? Talk to our expert team