Debt recovery costs small businesses an average of £9,000

Posted in Latest News on January 2, 2019

The cash flow difficulties that late payments cause small businesses are well known. However, the cost of recovering late payments is less well publicised, …

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Brexit uncertainty sends small business confidence to a seven-year low

Posted in Latest News on January 2, 2019

Confidence amongst small businesses has tumbled to a seven-year low – in part due to the uncertainty of Brexit. A survey carried out by the Federation …

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An end to the Entrepreneurs’ Relief ‘dilutions dilemma’?

Posted in Latest News on January 2, 2019

As a business takes off, the level of investment it needs in order to expand can significantly outpace growth in revenues and profits. One of the options …

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Tax rates rise twice as fast in the UK than the international average

Posted in Latest News on January 2, 2019

According to the Organisation for Economic Co-operation and Development (OECD), UK tax revenue as a percentage of GDP rose to 33.3 per cent in 2017. This …

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Taxpayers offered online tool to assess their self-assessment requirement

Posted in Latest News on January 2, 2019

It should seem obvious whether an individual must submit a self-assessment tax return annually. Yet, each year, thousands of people find themselves brought …

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Taxpayers treated unfairly by HMRC, says House of Lords report

Posted in Latest News on January 2, 2019

The House of Lords Economic Affairs Committee has criticised some of the powers granted to HM Revenue & Customs (HMRC), describing them as disproportionate …

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10 Tax Tips for the New Year

Posted in Latest News, Tax News on December 18, 2018

With all the white noise of Christmas, it is easy to forget the financial fundamentals of financial planning but all these realities will be with us again …

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Unwrapping Christmas tax gifts

Posted in Latest News on December 4, 2018

Christmas is a time for giving, but many businesses may not be aware that their gifts can be made in a tax-efficient manner, which could make raising festive …

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UK takes second spot for tax compliance in G20

Posted in Latest News on December 4, 2018

New research from the World Bank has revealed that the UK has the second most effective tax system amongst the G20 nations for tax compliance and ease …

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House of Lords calls for a delay to Making Tax Digital

Posted in Latest News on December 4, 2018

The House of Lords Economic Affairs Committee has criticised HM Revenue & Customs (HMRC) for its handling of Making Tax Digital (MTD) and called for …

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