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Month: July 2018

Call to increase auto-enrolment pension contributions

30th July 201830th July 2018 McGills

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

Taxpayers urged to renew tax credits ahead of 31 July deadline

27th July 201827th July 2018 McGills

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?

26th July 201826th July 2018 McGills

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

25th July 201825th July 2018 McGills

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

23rd July 201823rd July 2018 McGills

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

20th July 201820th July 2018 McGills

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

19th July 201819th July 2018 McGills

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

18th July 201818th July 2018 McGills

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

16th July 201816th July 2018 McGills

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

13th July 201813th July 2018 McGills

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

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