A quarter of SMEs fear they will go bust within five years
According to research from accounting software platform Xero, a quarter of small business owners believe their company will go bust within the next five years.Continue reading
Consumers set to spend £4.4 billion with small businesses this Christmas
According to the latest research, British consumers are set to spend £4.4 billion with small businesses this Christmas.Continue reading
Late payments are significantly affecting UK SMEs
According to MarketFinance Business Insights, late payments to UK small and medium-sized enterprises (SMEs) have nearly doubled from 12 days in 2018 to 23 days in 2019.Continue reading
One in three small business owners “prioritise work-life balance”, study reveals
More than 33 per cent of entrepreneurs see “cutting down work hours” as a major priority, a new study has revealed.Continue reading
IR35: HMRC launches updated CEST service
HM Revenue & Customs (HMRC) has launched an updated Check for Employment Status for Tax (CEST) service ahead of the introduction of the IR35 off-payroll working rules for the private sector on 6 April 2020.Continue reading
VAT receipts rise to record £133 billion
The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors.Continue reading
Two in five small businesses run by millennials, research reveals
Almost two in five small businesses in the UK are run by millennials, a major new study has revealed.Continue reading
Fall in number of arrests for tax evasion
According to industry figures, the number of people arrested in the UK on suspicion of tax evasion has reached the lowest level for five years.Continue reading
IR35: HMRC loses £243,000 tax case
HM Revenue & Customs (HMRC) has lost a case against an IT Consultant that the tax body deemed liable for £243,000 in tax under the IR35 rules.Continue reading
A tax guide for SMEs
According to accounting software provider, QuickBooks, over 50 per cent of UK small and medium-sized enterprise (SME) owners have made a mistake when filing their VAT returns, while just a quarter (25 per cent) feel confident that they have filed their VAT accurately.Continue reading
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