Accountancy Blog

Workers not planning for retirement

Workers not planning for retirement

A third of workers globally do not have a retirement plan, according to research by Aegon.

The survey of 14,400 employees and 1,600 retired people across 15 countries found that providing workers with access to workplace pension plans is a significant factor in ensuring that they are saving for their retirement. More…

Software needed for your digital accounts

Businesses will need to submit their tax and financial information quarterly using software that’s compatible with HMRC’s systems.

In a letter to financial secretary to the Treasury David Gauke, Andrew Tyrie, chairman of the Treasury Select Committee, said that submitting records in a “prescribed digital format” would bring a financial burden to small firms that currently don’t have accounting software or use computers. More…

Extracting profits from your business

A guide to tax-efficient profit extraction for business owners.

Owning and running your business is a tough proposition but it is vitally important that people continue to do it. As well as the rewards that come from hard work and determination, there are also monetary benefits to running your own business.

There are a variety of ways in which profits can be taken out of a business, each with their own tax implications. And, of course, tax rules have a habit of changing over time so strategies that worked in the past may not be best suited to the present. More…