Category Archive Business

Construction subcontractors: All you need to know about payments

If you are a contractor working in the construction industry you are likely to rely on the services of subcontractors – but what rules do you need to consider when paying them?

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Discovery assessments: Catch up with the latest changes

Discovery assessments look set to be applied to the High-Income Benefit Charge under new legislation set out by the Government.

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Generous tax incentives for investing in higher risk enterprises

With the cost of living rising steeply and taxation at its highest level for decades, tax breaks are welcome, particularly for those looking to invest their money in business.

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Corporation Tax: could you be missing out on tax reliefs?

Knowing which taxes your business is liable for can feel a bit overwhelming, which can result in you not recognising opportunities to save on tax.

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Employers given £1,000 saving thanks to rise in Employment Allowance

First announced by the Chancellor in the Spring Statement, changes to the employment allowances, worth up to £1,000 for eligible small businesses, came into effect on 6 April.

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Bank campaign launched as businesses baffled by carbon jargon

The British Business Bank has launched a campaign to alert and encourage SMEs to make the most of the commercial benefits of investing in decarbonisation.

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What is the optimum salary for Directors for the year ahead?

With the 2022-23 tax year starting 6 April, it is important to get your finances in order, including considering the salary that you should be paying yourself from your business, to maximise savings.

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Hospitality sector welcomes new law to help tackle commercial rent arrears

The introduction of new legislation to protect businesses forced to close or partially close during the pandemic has been welcomed by a leading hospitality trade body.

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How to make the most of cloud-based accounting software

The cloud is king in the world of accounting, with a vast range of software and applications available, designed to be easy to use by businesses and their owners.

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How the Spring Statement will affect businesses and individuals

The Chancellor’s Spring Statement has attracted a mixed reaction, with some tax changes going ahead, some promised later and a hoped for move on VAT in the hospitality sector not appearing.

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