Potential tax increases and their impact on businesses
In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.
The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.
Protect your business against deepfake fraud scams
Deepfake technology has made significant advancements thanks to the progress in artificial intelligence (AI), enabling scammers to replicate a person’s appearance and mimic their voice in mere minutes or even seconds of video footage.
Thinking of investing in electric cars for your business? – Here’s what you need to know
The number of electric cars on our roads is rising rapidly. In 2023 alone, the number of new electric vehicles rose by 18 per cent and there are now some, 1.1 million fully electric cars on UK roads, according to official figures from April 2024.
Understanding VAT for limited companies and unincorporated businesses
For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.
Working remotely – What are the tax implications?
Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023.
HMRC reminds restaurants and takeaways of VAT obligations on hot food
HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food.
Becoming a freelancer – setting up a limited company
When making the decision to become a freelancer, you have two options. You can either set up as a sole trader or start a limited company.
Financial considerations of building a new brand
When it comes to creating a new brand, considering your finances is a vital part of the planning stage as you need to ensure you have the budget for all your goals.
Preparing your business for the summer
If you run a business in a tourist hotspot, you need to get prepared for the summer.
Capital allowance – Changes for plant and machinery expenditure
Capital allowances are a form of tax relief for businesses. They allow you to subtract some or all of the value of an item from your profits before you pay tax.