Articles
3 Signs You Need Outside Help With Your Accounting
Big businesses have been leveraging outsourcing for decades, from overseas call centres to third-party IT and cybersecurity professionals, as they seek to drive down costs and develop more efficient and streamlined operations. While a small to medium business (SME) may not be able to outsource...
A Quarter Of SMEs Predicted To Struggle With Rising Costs
Just over one in four small to medium sized businesses in the UK are expected to have difficulties meeting payroll costs by April 2022. Accountancy Today reports that a perfect storm of financial pressures is set to hit businesses hard, some of which may only...
Government Launches Help To Grow: Digital Scheme
Designed to support smaller businesses to adopt digital technologies to permit them to grow, the government’s Help To Grow: Digital scheme has now launched and is open for applications. Under the scheme, according to a GOV.UK press release, eligible organisations will be able to get...
Government Releases £5k Funding Pot for Software
The government has opened up a scheme for small businesses and entrepreneurs to access funding worth up to £5,000 per business to pay for digital accounting and customer relations management (CRM) software Under the Help to Grow: Digital scheme, eligible businesses can now receive discounts...
Lack of Awareness of Tax Free Childcare Scheme
HMRC commissioned research into tax free childcare payments has raised issues about awareness of the scheme with many parents put off claiming for the scheme due to a lack of understanding about eligibility HMRC estimates that around 1.3 million families in the UK would be...
How To Navigate An Imminent Cash Flow Crisis
If you own a small business, there is a chance you have faced this issue. Ideally, the best step is to seek advice from cash flow consultants and plan ahead to avoid being short of cash. Here are suggestions to the steps you can take...
What Does The NHS Tax Mean For Your Business?
At the end of November, the Government confirmed that there will be a 1.25 per cent tax increase for all working-age adults aimed at helping to fund the NHS and social care services in the UK. The Health and Social Care Levy was initially mentioned...
What Is Happening With Making Tax Digital?
One of the biggest upcoming changes for many self-employed UK workers and the tax planning accountants that work with them was set to be the Making Tax Digital scheme. However, as per statements in parliament, updated legislation and a modified policy paper, the implementation of the...
Government Relaunches Joint Fraud Taskforce To Tackle Rise In Scams
The UK government is to relaunch the Joint Fraud Taskforce in a bid to tackle the sharp rise in scams during the pandemic. There has been a 24% rise in fraud during the last 18 months, as criminals took advantage of the rapid changes in...
Super-deduction Capital Allowances Explained
The government has launched new initiatives to boost support for UK businesses and improve their investment after the disastrous impact the pandemic left on the economy. In March 2021, the Chancellor Rishi Sunak announced the new super-deduction capital allowance scheme to reduce the taxes for...