Penalties for businesses failing to comply with Making Tax Digital
Are you signed up to Making Tax Digital for VAT? Failure to do so will result in penalties from 1 November 2022, HRMC has confirmed.
More than 90 businesses created every hour
A new survey has revealed that 93 new businesses were created every hour across the UK in the first half of 2022.
According to the data, despite economic headwinds, rising inflation and rocketing energy costs, the number jumped by 18 per cent year on year.
Grow your business with these top tips
Anyone can start a business but not everyone can grow a business into a flourishing enterprise. If you want your business to flourish, some key steps can help you on your way towards growth.
Families missing out on financial support as children return to school
With the new school year fast approaching, HM Revenue and Customs (HMRC) is prompting families to make use of up to £2,000 a year towards their child’s wraparound care.
Interest rate hike puts pressure on taxpayers behind on payments
In light of the recent increase in the Bank of England’s base rate, HM Revenue & Customs (HMRC) has announced a rise in interest on both late paid tax and repayments of tax.
Hard pressed SMEs struggling with cashflow challenges
A huge majority of small businesses are ploughing more money into their business than they are taking out for a least one month of every year.
Planning is key for owner-managed businesses
Being your own boss is a dream for a lot of individuals, however, the reality of running your own business can be stressful.
Tax year basis reform: How does this change affect me?
In the second blog of this series on tax year basis reforms, we will examine how these changes could affect unincorporated businesses.
Firms founded during the pandemic could add £20 billion to economy
British businesses formed during the pandemic could be a significant driving force for the UK economy.
Help to Grow: Digital Scheme receives a boost
More than a million businesses can now benefit from Help to Grow, as the eligibility criteria expands to cover businesses with at least one employee.