High streets offering opportunities for start-ups
The retail revolution, which is leaving many of the UK’s high streets littered with empty shopfronts, is offering start-ups plenty of possibilities however experts have recommended that individuals need to be careful where they set up shop. As one commentator
Read more...How to keep workplace gifts tax-free this Christmas
Treating your employees over the Christmas holidays (or at any time, in fact!) is a tried and trusted approach to building a strong relationship with your team. But did you know you might be breaking PAYE rules by doing so?
Read more...HMRC warns of scams ahead of self-assessment deadline
HM Revenue & Customs (HMRC) has warned taxpayers of a surge in fraudulent activity ahead of the self-assessment deadline on 31 January 2020. HMRC has said that it has received 900,000 reports in the last 12 months relating to scams,
Read more...Help to Buy ISA deadline on 30 November
The Government-backed Help to Buy ISA, which helps first-time homeowners get onto the property ladder, closes on 30 November. Help to Buy ISAs are available to anyone with as little as £1 to save who is aged 16 or over
Read more...SORP-making body seeks public help on charity reporting reforms
The charity SORP-making body has today welcomed feedback and suggestions to improve the impact of financial reporting in the not-for-profit sector. The SORP, or Statement of Recommended Practice, is the set of rules which govern charity accounting for organisations with
Read more...Government awards £2 million fund to help solve problems faced by small businesses
The Government has announced that a £2 million fund is to be distributed in a bid to help address many of the common problems faced by small and medium-sized enterprises (SMEs).
Read more...Technology investment allocated to help researchers and start-ups
The Government has recently announced that, as part of public sector efforts to invest in emerging technologies such as artificial intelligence (AI), it will invest up to £100 million in researchers and start-ups. The Government will allocate £78 million to
Read more...HMRC enrols businesses in simplified import scheme
HM Revenue & Customs (HMRC) has enrolled more than 95,000 qualifying businesses into the simplified import procedures programme, which will be put into place if the UK leaves the European Union (EU) without a deal.
Read more...Increase in Research & Development tax credit claims
The latest figures from HM Revenue & Customs (HMRC) have revealed that a total of £4.3 billion of tax relief support was claimed by all sectors in 2017-18. This figure takes the total research and development (R&D) expenditure by businesses
Read more...Insider fraud poses major risk to charities, study reveals
More than half (53 per cent) of charities affected by fraud in the past two years knew the perpetrator, major research has revealed. The finding forms part of the Charity Commission’s new study, ‘Preventing charity fraud: insights and action’ – the largest
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