How SMEs can benefit from £6.4 million AI training fund

The Department for Science, Innovation and Technology (DSIT) has recently introduced a vital initiative targeted at small and medium-sized enterprises (SMEs) in the Professional Business Services sector.

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Concerned about Capital Gains Tax changes? Here’s what you need to know.

The start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic low of £3,000, down from £6,000 the previous year.

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Changing your VAT details? Remain vigilant over latest fraud activity

HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484.

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Is it time to scale up your start-up?

Scaling your start-up is a crucial decision for business owners, as it can directly impact the business’s long-term success.

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Everything you need to know about Patent Box

One of the main ways that the Government encourages the use and commercialisation of innovative intellectual property is through tax relief.

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The most common VAT filing mistakes – and why MTD is the solution!

If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) – at least once every three months.

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How your business can benefit from using Management Accounts

Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors.

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HMRC has clarified tax rules on commuting for hybrid and remote workers

In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.

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Ahead of the 6 July deadline, remember that P11D rules are changing

If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).

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Why are business plans so important?

Many believe that business plans are only necessary for start-ups and new enterprises.

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