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Report assesses the impact of the National Living Wage

New research conducted by an influential think tank has shed light on how UK companies have coped following the introduction of the new National Living Wage earlier this year.Continue reading

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Tax investigations into SMEs net HMRC £540m in five years

Over the past five years, HM Revenue & Customs (HMRC) has reeled in a staggering £540million from its investigations into Small and Medium Enterprises (SMEs), according to a new report.Continue reading

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HMRC warns landlords against ‘illegal’ stamp duty schemes

Illegal tax schemes which allow landlords to avoid a recently introduced Stamp Duty Land Tax (SDLT) surcharge are on the rise – and HM Revenue & Customs (HMRC) has issued a warning, advising investors to steer clear.Continue reading

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Bank of England releases £150bn of new lending in bid for buoyant economy

The Bank of England (BoE) has released up to £150billion of new lending to businesses and individuals across the UK – which many believe could pave the way for cheaper mortgages and a potential drop in interest rates.Continue reading

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Brexit vote’s impact on payroll uncertain, but ‘business as usual’ for now, says CIPP

The UK’s decision to leave the European Union (EU) will undoubtedly result in significant changes to the payroll profession. But, at this stage, it is impossible to predict what these will be – or what impact they will have, according to the Chartered Institute of Payroll Professionals (CIPP).Continue reading

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British SMEs must sink or swim, says study

UK small and medium enterprises (SMEs) fear closure within five years, unless they actively make plans to adapt, expand and keep up with their competitors, says a new study.Continue reading

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Pound recovers from historic 31-year low

British sterling is now up against the dollar at nearly $1.35, following an ongoing recovery from an historic 31-year low recorded earlier this week.Continue reading

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Shake-up at Companies House

British firms will face a number of shake-ups with Companies House from 30 June 2016, as the new ‘Confirmation Statement’ and ‘PSC Register’ changes take hold.Continue reading

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Brexit uncertainty leaves question mark over Making Tax Digital

“Uncertainty” has become the word of the moment following the UK’s vote last week to withdraw from the European Union (EU).Continue reading

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SMEs ‘too afraid’ to tackle new markets and take risks

Over half of UK Small and Medium Enterprises (SMEs) are unprepared to tackle new markets – and up to a third are ‘too afraid’ to take risks, according to a new study.Continue reading

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