Guide to the Spring Budget 2017
We are building the foundations of a stronger, fairer, more global Britain – Spring Budget 2017 What does it all mean? Following the first and last Spring Budget delivered by Chancellor Philip Hammond, we have prepared a useful and informative Spring Budget Guide. Discover more about how the changes could affect you or your business: Spring […]
Could you take on an apprentice?
With the cost of going to university soaring, apprenticeships are booming as the government makes them an attractive alternative to higher education and the debt a degree incurs. Is your company able to offer an apprenticeship scheme? Apprenticeship is a mix of learning on the job and formal tuition, allowing apprentices to gain a qualification […]
HMRC, the ultra-rich and the not-so-rich
Parliament’s Public Accounts Committee thinks that the “government must take a tougher stance on taxing the very wealthy.” In 2009, HM Revenue & Customs (HMRC) set a specialist team to focus on the tax affairs of high net worth individuals (HNWIs is the jargon). At the time, HNWIs were defined as people with net assets […]
The End of the Tax Year: 5 April Reminders
As the end of the tax year nears, remember the 5 April is a multi-faceted deadline. In 2017, the tax year ends on Wednesday 5 April, over a week before Easter. The Budget is almost a month earlier (8 March), but that should not affect most tax year end actions. As a reminder, here […]
Government urged to reconsider business rates overhaul
Some firms are being faced with a huge rise in their bills, thanks to new rates due to take effect in April. Prime Minister Theresa May is being urged to reconsider “penal and unfair” rises in business rates which represent the first change in almost a decade. For the first time, the government will be […]
Pay rise for many workers thanks to living wage increase
Analysis by the Low Pay Commission (LPC) has revealed that a quarter of all UK employees aged 25 and over had a pay increase in 2016 following the increase of the minimum wage to £7.20 last April. Although the law forced companies to increase the salaries for the 1.6 million workers – or 6.7% of […]
New Year’s resolution: invest in your employees
A 2014 Gallup poll discovered that only 13% of workers are “actively engaged” in their work and that 26% are “actively disengaged”. Another study carried out by Glass Door found that only 54% of employees would recommend their company as a place to work, which should be a cause for concern for managers and business […]
UK SMEs are writing off billions in debt
The average amount of debt written off by small and medium-sized businesses (SMEs) last year was £11,708, according to recent research. The findings show that 76% of SMEs wrote off debt during 2015, totaling just under £50bn collectively, or £134m every day. In addition, one-in-five SMEs are experiencing cash-flow problems according to the research, with […]
Fees for tax tribunal appeals
Fees are being introduced for the first time for appeals to the tax tribunal The charge comes as part of the introduction of an online appeal submission service and is intended to cover administrative costs. The fee structure has not yet been published but fees could start from as little as £20 up to £200 […]
