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Meeting the challenges of an high interest environment
Navigating the challenges of a high-interest rate environment can be tough for businesses, but it's not impossible. While rising interest rates can pose hurdles to financing and operational costs, there are strategies companies can employ to secure the capital they...
Why does tax year start on April 6?
If you have ever stopped to ask yourself, why does the tax year start on April 6, you are definitely not alone. The idea that the tax year doesn’t begin until we are a quarter of the way into the year is a somewhat perplexing concept for many. Accountants and...
Financial Services Compensation Scheme provides confidence when headlines are negative
When a bank hits the headlines, it isn’t usually for good reasons. Such is the case for Metro Bank which has found itself the talk of the town. Share prices took a massive dip amid concerns for its future, although the news has improved with a £925m investment package...
Tax change supports low-earning savers
Low earners will benefit from plans introduced in a raft of tax changes to help them boost their savings. The Government has published 23 technical tax updates, many of which simplify and modernise the tax system. Among the changes is a reform to the Help to Save...
Restaurant and bar staff to benefit from new tipping law
Millions of hospitality workers can look forward to seeing extra pounds in their pockets with the passing of a new Tipping Bill. More than two million workers will have their tips protected and be able to view an employer’s tipping record. An estimated £200 million a...
Government cash for industries to boost economy and cut emissions
Factories producing some of the country’s best-known beers, cereals, soft drinks and cars will receive government support to reduce their energy costs and cut carbon emissions. Heineken, Kellogg’s, Toyota and Britvic are among businesses across the UK to be awarded a...
Millions of pounds saved as tide is turned on benefit fraudsters
Millions of pounds of taxpayers’ money have been saved as the Government clamps down further on benefit fraud. With a fresh determination to drive down fraud and errors in the benefit system, the overpayment rate has decreased by £400 million over the past 12 months....
How to stay on the right side of the tax man
Taxes are one of the certainties of life, according to Benjamin Franklin, and if you are in business it pays to know for which taxes you are liable. Understanding the taxes that your business is required to pay can help you plan and budget accordingly. There are...
Six top questions to ask your accountant
As a business owner, it’s important to have a good relationship with your accountant. We can provide valuable insights into your business finances and help you make informed decisions that can improve your bottom line. However, it can be challenging to know what...
Ready for the new tax year? Follow out tips!
As a new tax year approaches, business owners need to prepare their payroll and ensure compliance with the latest tax laws and regulations. April is also an excellent time for businesses to review their financial situation, identify areas for improvement, and plan...