Businesses are more buoyant, says the Bank of England - 3 April 2017

New research from the Bank of England has shown that Britain’s businesses are feeling more confident and are planning to invest more in the months ahead. According to the Bank’s most recent Agents’ Summary of Business Conditions, investment in research

Record number of employers underpaying workers - 3 April 2017

As the National Minimum Wage prepares to go up this month, the Department for Business, Energy and Industrial Strategy has released its latest ‘rogue’s gallery’ of under payers – and it is the biggest list to date. More than 350

Making Tax Digital: Cash basis accounting for landlords - 3 April 2017

As part of the introduction of Making Tax Digital, HM Revenue & Customs (HMRC) has confirmed that it will extend the simplified cash basis of accounting for businesses with a turnover below £150,000. This expansion of cash basis accounting is

Trivial in name only – do you know the rules on trivial benefits in kind? - 3 April 2017

Although designated as ‘trivial’ by the taxman, trivial benefits in kind can result in tax savings for you and your employees, which can be anything but trivial. The rules cover benefits such as taking employees out for meals or giving

Warning over unexpected late payment notices in relation to now-liquidated companies - 3 April 2017

A number of prominent UK collection agencies appear to be closely monitoring liquidations and issuing some businesses and individuals who have purchased goods and services from now-liquidated companies with unexpected payment notices. In some cases, such notices may demand interest

Small businesses see changes to the VAT Flat Rate Scheme - 3 April 2017

Small business users of the VAT Flat Rate Scheme who have low costs may see the rate they pay drastically increase under new changes, which came into effect at the beginning of this month. The Flat Rate Scheme was created

New changes to VAT Flat Rate Scheme now in force - 3 April 2017

Important changes to the VAT Flat Rate Scheme were phased in on 1 April 2017, and could have far-reaching implications for small and medium-sized enterprises (SMEs). Many small business users of the Scheme who have low costs will see the