Articles
Food Firms In Flux Amid Meat Tax Debate
The prospects for firms working in different parts of the UK food and drinks industry appear uncertain, amid a call for a tax on meat products. Debates about climate change and consumer health and led to many people adopting vegetarian and vegan diets, while others...
Tips For Writing A Successful Business Plan
During 2019/2020, a total of 665,495 start-up businesses were launched in the UK, according to recent data. For a new venture to survive the first year, it’s crucial to have a solid business plan in place. Here are some tips for putting together a sound...
HMRC Securing Prison Time For Tax Evaders
HMRC’s elite Offshore, Corporate and Wealthy (OCW) Unit has secured a total of 67 years for tax evaders in 2020, almost three times the total of 23 years in 2019. The Express reports that the increase in prison sentences suggests that HMRC’s targeted criminal investigations...
Tips For Planning A Successful Start-Up
The past 16 months have brought a great deal of turmoil into the lives of many of us. For some, it has been an opportunity to reassess their career and life goals. The Financial Times reports that the pandemic has ignited the UK’s strongest start-up...
CBI Predicts Better Than Expected Economic Recovery
The Confederation of British Industry (CBI) has released a more optimistic Economic Forecast than was widely predicted, Accountancy Today reports. The latest figures point towards a swift bounce back to pre-Covid levels, with an expected growth of 8.2% this year, followed by a rise of...
The Penalties For Late Submission Of Forms P11D & P11D(b)
When declaring your business’s expenses, benefits and Class 1A National Insurance contributions, you will need to make sure that you complete a P11D form, which includes details of expenses payments, benefits and any facilities that have been given to your employees or directors. A separate...
HMRC Issues Refund & Rebate Scam Warnings
HM Revenue & Customs (HMRC) has issued an urgent warning to taxpayers to be on the lookout for scams that pertain to a fraudulent refund or rebate. The Express reports that HMRC states that it is always detecting new scams and fraudulent activity, and the...
Fifth SEISS Grants Available By The End Of June
HM Revenue & Customs (HMRC) have published the latest policy paper detailing how the fifth and final Self-Employment Income Support Scheme grant will be offered to struggling workers. According to Business Live, the fifth grant covers the period from May 2021 to September 2021, and...
What Are Employee Ownership Trusts?
As a business, it can be beneficial to look into employee ownership trusts (EOTs), schemes that offer generous tax reliefs to encourage shareholders to promote employee ownership and sell controlling interests in their companies. You can set them up through an EOT trust deed but...
What Is The Loan Recovery Scheme?
The last year has certainly been a tough one for businesses of all shapes and sizes, and across all industries and sectors – but now that the roadmap to recovery has been launched and the UK is returning to a relative state of normality, it...