Payroll sector prepares for key changes in 2019/20

Posted in Latest News on February 1, 2019

The next 12 months will see a number of new changes to payroll policy that could have an impact on a wide range of businesses. To give an overview of how …

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Entrepreneurs’ Relief changes fail to meet up to the test

Posted in Latest News on February 1, 2019

During the last Budget, the Government announced new conditions to entrepreneurs’ relief that would take immediate effect to change the definition of …

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Just over half of businesses are prepared for Making Tax Digital

Posted in Latest News on February 1, 2019

A new study into preparations for Making Tax Digital amongst businesses has found that only 57 per cent of firms are ready to comply with the new regime …

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Late payers to be flagged up to businesses under new proposals

Posted in Latest News on February 1, 2019

The Small Business Commissioner, Paul Uppal, has recommended a new “traffic light” system that will warn smaller firms which businesses have a consistent …

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HM Revenue & Customs drops insistence that all company directors must submit tax returns

Posted in Latest News on February 1, 2019

HM Revenue & Customs (HMRC) has dropped its insistence that all company directors must submit tax returns following a series of tribunal rulings. For …

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Automatic Enrolment contributions to increase

Posted in Latest News on February 1, 2019

The next increase in Automatic Enrolment (AE) pension contributions for both employees and employers will take place from 6 April 2019. The minimum employer …

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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 Brexit, 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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