Do you have unreported foreign income or profits?
HM Revenue & Customs (HMRC) has warned taxpayers to declare any foreign income or profits on offshore assets before 30 September to avoid unwanted penalties.Continue reading
SMEs urged to keep up with digital payments demand
A new study suggests that UK small and medium-sized enterprises (SMEs) need to embrace digital payments technology in order to keep up with consumer demand.Continue reading
A quarter of UK SME bosses take just five days’ holiday per year
According to research from Hitachi Capital Business Finance, almost a quarter of small business owners in the UK (24 per cent) have taken fewer than five days holiday in the last year, with an astonishing 15 per cent taking no leave at all. The main reasons for this include money worries and concerns regarding cash flow. Continue reading
Call to increase auto-enrolment pension contributions
MPs say that automatic pension enrolment is fundamental to funding a new era of retirement, which is becoming increasingly reliant on private rather than public savings.Continue reading
Taxpayers urged to renew tax credits ahead of 31 July deadline
More than 320,000 taxpayers had their tax credits stopped or altered after they failed to inform HM Revenue & Customs (HMRC) of changes in circumstances, a new report has revealed.Continue reading
What are the top risks faced by today’s SMEs?
A new study carried out by insurance company Allianz claims to have identified the ‘top risks’ faced by today’s small and medium-sized enterprises (SMEs).Continue reading
Tax complexity and ‘red tape’ is holding businesses back, study finds
Over recent years the UK tax system has become incredibly complex and this has been recognised by the vast majority of UK businesses, according to research from the British Chamber of Commerce (BCC) Avalara.Continue reading
SMEs need to invest in individuality, study suggests
New research suggests that UK small and medium-sized enterprises (SMEs) that fail to embrace ‘individuality’ could be alienating potential customers and clients online.Continue reading
Taxpayers prepare for 2019 loan charge
HM Revenue & Customs (HMRC) is expecting to raise some £3.2 billion in taxes as part of its crackdown on “disguised” remuneration schemes.Continue reading
HMRC calls for ‘shocking’ new powers
In a policy document published by HM Revenue & Customs (HMRC) earlier this week, the tax authority has requested new powers to be able to access taxpayers’ bank accounts without requesting permission beforehand.Continue reading
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