BUSINESS
Cost-of-Living Crisis – Can you do more?
As the cost-of-living crisis continues to impact individuals and families, it is crucial for employers to step up and support their employees during these challenging...
B Corp Status – Why It Should Be on Your Business Radar
In the current business world, standing out isn't just about profits and revenue growth. It's about integrating ethics, social responsibility, and sustainability into...
Payment Plan (Time to Pay Arrangement) News
Big news for VAT-registered businesses! As of 31 May 2023, HM Revenue and Customs (HMRC) has confirmed that if your business owes less than £20,000 in VAT, you can...
What should my Business Plan include?
A business plan is a critical tool for any business looking to succeed in the UK. It outlines the company's goals, strategies, and financial projections and provides...
Does your Business need a Five Year Plan?
For any business, having a clear plan for the future is essential. A five year plan is a strategic roadmap that outlines the goals and objectives of a business and...
How do I work out what my Business KPI’s should be?
Key performance indicators (KPIs) are essential metrics used to evaluate how effectively a business is achieving its objectives. So, for any company, determining the...
Making Tax Digital Update
It has now been officially confirmed that the Making Tax Digital (MTD) Income Tax rollout will now be delayed until at least April 2026. From April 2026 self employed...
Mini Budget 2022
The main headlines in last week’s dramatic mini budget were well reported, which will see the planned 1% cut in the basic rate of income tax brought forward a year to April...
New VAT Penalty Regime coming January 2023
For VAT periods starting on or after 1 January 2023 the default surcharge currently issued for late submissions and/or late payments of VAT will be changing to a point based...
Changes coming in 2022 for VAT
End of COVID VAT Deferred Payments All UK VAT registered businesses had the option of deferring any VAT payments due between 20 March 2020 to 30 June 2020. They could opt in...
Paying Back A Self-Employment Income Support Scheme (SEISS) Grant
There is a new section in the SEISS guidance called ‘If you still need to make a claim’. If you’ve not been able to make a claim due to an HMRC error or other exceptional...
Making Tax Digital and Digital Links for VAT Registered Businesses with a turnover below the VAT Registration Threshold
Making Tax Digital (MTD) was brought in back in April 2019 for VAT registered businesses with a turnover above the VAT registration threshold (currently £85,000). For periods...