Businesses that flout their workplace pension duties face being subjected to random spot-checks by the Pensions Regulator. Employers that provide details to HMRC are having that data cross-referenced by the watchdog in an attempt to identify non-compliance with auto-enrolment. The checks are designed to identify businesses that are failing to enrol eligible staff into a… Continue reading Untitled
Will HMRC come knocking on your door? It’s a fact – humans are bad at assessing risk. We’re terrified of things that rarely happen (plane crashes, power station meltdowns) but relatively blasé about things that are statistically more likely to harm us, such as unwashed lettuce. The likelihood of HMRC swooping to investigate your business’s… Continue reading The risks of a tax investigation
More than 200,000 startup owners have benefitted from a collaborative service that enables businesses to register for tax at the same time as registering their company. The streamlined company registration service, which was announced by HMRC and Companies House in 2015, was launched to reduce the burden on business owners and their agents. When a… Continue reading Dual-registration service passes 200,000 milestone
Businesses are finally beginning to understand the apprenticeship levy, after previously voicing serious concerns over its complexity and lack of flexibility. The apprenticeship levy took effect on 6 April 2017 and means businesses with an annual pay bill of more than £3 million must pay the levy towards apprenticeship funding. It is charged at 0.5%… Continue reading The apprenticeship levy – your understanding so far
Most people don’t like to think about their own mortality, but planning for the future is important to ensure your property, money and possessions are distributed the way you intend. Writing a legally valid will is an essential part of this, and can provide peace of mind for you and your loved ones. Despite this,… Continue reading Have you made a will?
Difficulty accessing funding is causing around one in four small and medium-sized firms to miss out on business opportunities, research shows. A survey by Aldermore of 1,004 senior decision-makers in SMEs revealed that 23% had missed out on at least one new business opportunity due to lack of funding in the past 12 months. The… Continue reading Funding and cashflow – we can help
Almost half of small and medium-sized businesses have struggled with late payments in the last year, according to research by the Institute of Directors (IoD). Of the 787 business leaders surveyed, 48% have faced issues with late payments since April 2017. Almost a third (31%) said this was the result of an “excessively bureaucratic payments… Continue reading Late payments and differing processes
Startups and the smallest businesses are having to absorb higher pension costs as the new tax year gets under way. The Federation of Small Businesses (FSB) warned that the doubling of minimum employer contributions into workplace pensions from 6 April 2018 will “hit the very smallest firms and startups the hardest”.
What to expect from incorporating your business. With a new tax year upon us, many sole traders will be reviewing their business structure and considering whether it’s worth switching to a limited company. There’s no denying that incorporating a business proved popular in 2017, with Companies House reporting a 7% rise in the number of… Continue reading Sole trader to Limited company the pros and cons
We are delighted to announce that one of our up and coming accountants James Cox has achieved the best ACCA exam mark in the world, yes that’s right worldwide. With a mark of 93 in his September 2017 Advanced Taxation exam he continues his progress with outstanding success. As your accountants we are constantly working to give you the… Continue reading Best Advanced Taxation exam mark in the world