MPs say that automatic pension enrolment is fundamental to funding a new era of retirement, which is becoming increasingly reliant on private rather than public savings. Read More
Month: July 2018
Taxpayers urged to renew tax credits ahead of 31 July deadline
More than 320,000 taxpayers had their tax credits stopped or altered after they failed to inform HM Revenue & Customs (HMRC) of changes in circumstances, a new report has revealed. Read More
What are the top risks faced by today’s SMEs?
A new study carried out by insurance company Allianz claims to have identified the ‘top risks’ faced by today’s small and medium-sized enterprises (SMEs). Read More
Tax complexity and ‘red tape’ is holding businesses back, study finds
Over recent years the UK tax system has become incredibly complex and this has been recognised by the vast majority of UK businesses, according to research from the British Chamber of Commerce (BCC) Avalara. Read More
SMEs need to invest in individuality, study suggests
New research suggests that UK small and medium-sized enterprises (SMEs) that fail to embrace ‘individuality’ could be alienating potential customers and clients online. Read More
Taxpayers prepare for 2019 loan charge
HM Revenue & Customs (HMRC) is expecting to raise some £3.2 billion in taxes as part of its crackdown on “disguised” remuneration schemes. Read More
HMRC calls for ‘shocking’ new powers
In a policy document published by HM Revenue & Customs (HMRC) earlier this week, the tax authority has requested new powers to be able to access taxpayers’ bank accounts without requesting permission beforehand. Read More
Business owners need more support, study suggests
New research suggests that business owners and decision-makers need more support, as the day-to-day responsibilities of running a business are leaving many feeling ‘burnt out’. Read More
New Making Tax Digital updates published by HMRC
HM Revenue & Customs (HMRC) has published three important new documents regarding its flagship Making Tax Digital (MTD) project to help clear up confusion among businesses. Read More
Cash flow concerns are keeping business owners awake at night
Nearly half of business owners in the UK believe that poor cash flow is stopping their business from reaching its full potential, according to a new study. Read More