Business news

Auto-enrolment to be expanded to younger workers, as minimum contributions rise - 2 January 2018

The majority of businesses across the UK are making preparations to increase their minimum workplace pension contributions, having successfully enrolled more than 8.5 million staff into schemes. Auto-enrolment minimum contributions were due to rise in October 2017 under the original

Don’t forget the Self-Assessment deadline - 5 December 2017

While most people will be focused on the festive celebrations at this time of the year, businesses and their owners must not forget the all-important Self-Assessment deadline. The deadline for sending 2016-17 tax returns to HMRC is midnight on 31

SMEs risk losing out on Christmas income totalling £2bn if they don’t accept cards - 5 December 2017

A new study has revealed that almost half of all shoppers will not spend money with a business this Christmas if it doesn’t provide facilities to pay by card. A study, commissioned by card machine provider Paymentsense, has found that

Business rates to switch from RPI to CPI, saving SMEs billions of pounds - 5 December 2017

Businesses across the UK have welcomed the Chancellor’s decision to bring forward plans changing the way business rates are set by two years. In the Autumn Budget, Philip Hammond announced that from April 2018 business rates would rise in line

Class 2 and 4 NIC merger delayed until 6 April 2019 - 5 December 2017

The abolition of Class 2 National Insurance Contributions (NIC) will now be delayed until 6 April 2019, according to a new written statement to the House of Commons. HM Treasury has written to MPs to let them know that the

Simple by name, but not necessarily by nature - 5 December 2017

Earlier this year, HM Revenue & Customs (HMRC) introduced Simple Assessments for some taxpayers who have, until now, been required to complete Self-Assessment Tax Returns. Those affected are taxpayers with relatively straightforward financial affairs where HMRC considers that it already

Chasing outstanding debts from an individual or sole trader? The process has changed - 5 December 2017

Outstanding payments can be a major headache for SMEs as they can have a significant effect on cashflow and seeking payment can take up time that would be better spent on running the business. In fact, according to Bacs, the