News

All of the latest tax and finance information

Start of the new tax year – now’s the time to use allowances

Many of us love to work to a deadline, but when it comes to maximising your tax allowances each tax year, it isn’t a great strategy to leave it until the last minute to mop them up. If you want to maximise allowances, you have up to 12 months to do so by starting as…

Business Strategy for SMEs: How to Stay Competitive in an Uncertain Economy

Why Strategy Matters More Than Ever The business environment for UK SMEs has changed significantly. Higher inflation, rising interest rates, pressure on household incomes, geopolitical instability, and ongoing economic uncertainty mean that having a clear business…

Rewards for anyone reporting tax avoidance or evasion

Whistleblowers reporting serious tax avoidance or evasion may be eligible for financial rewards, following changes to how HMRC uses information provided to it. Under HMRC’s reward scheme, individuals who report tax evasion or avoidance may be eligible for a financial…

Will it still be sensible to take income in dividends?

Increases in the dividend tax levels from April 6 are set to eat into the income of directors, who will often pay themselves in dividends, but is it still sensible to take payments this way for the coming tax year? The dividend tax rates are set to rise by 2…

Are your employees paid the minimum wage for all hours worked?

Employees must be paid at least the minimum wage for all the hours they work, and while you may think you pay the right amount, it is important to check you have paid everything due. The basic calculation to determine you have met your obligations in relation to the…

Small Business in a Riskier World: 6 Ways to Survive Bad Times

Trouble Ahead Unfortunately, the world is becoming increasingly risky and unstable, and small businesses are often the most exposed to economic downturns, geopolitical risk, inflation and rising interest rates. The post-1945 global economic system based on free trade,…