Bounce Back Loan Scheme fraud rising
The Bounce Back Loan Scheme (BBLs) which has been described as a ‘giant bonfire’ of taxpayers’ money by a senior banker, has seen fraud investigations rise by more than 50 per cent in some areas.
Cash basis versus accruals basis
If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business. So what is the difference?Continue reading
UK to roll out independent tariff suspension scheme
Tariffs on some imported goods will be partially or wholly suspended to help UK firms become “more globally competitive”, it has been revealed.Continue reading
Claim up to 50 per cent off business software under new Help to Grow scheme
Small and medium-sized firms could get a discount of up to 50 per cent on the costs of business software under the new Help to Grow scheme, it has been revealed.
Six out of 10 firms to employ more staff
Sixty per cent of small businesses (SMEs) are planning to recruit more staff over the coming months as we emerge from lockdown.
Five reasons to set up a Personal Tax Account
Taxpayers are being urged to set up personal accounts to monitor their affairs.Continue reading
Workplace pension re-enrolment – how does it work?
Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there.Continue reading
Furlough fraud warning after arrests
Employers have been warned that businesses abusing the furlough scheme will face action from fraud investigators.
New tax surcharges for late payments
In the 2021 Spring Budget, the Government announced a new penalty and interest regime to replace the VAT default surcharge. Continue reading
HMRC publish new guidance on delayed customs import declarations
New Government advice will help traders submit customs import declarations for non-controlled goods imported from the EU, it has been announced.
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