Apprenticeships fall sharply following levy introduction
The number of apprenticeships in the UK has fallen since the introduction of the Government’s controversial Apprenticeship Levy, a report has revealed. Figures, published by the Department for...
View ArticleNew efforts to crack down on scam HMRC text messages
In recent weeks, mobile phone operators have begun trialling new software and filters in hopes of eliminating the growing problem of scam text messages purporting to be from legitimate financial...
View ArticleSMEs are failing to embrace the internet
New research suggests that Britain’s small and medium-sized enterprises (SMEs) are not taking full advantage of the sales, growth and networking opportunities offered by the internet. In a time where...
View ArticleCan Government tax breaks help stifle soaring property taxes?
The UK is levied more on property as a percentage of GDP than anywhere else in the world, according to a new report. The news comes just days after the Chancellor Philip Hammond abolished Stamp Duty...
View ArticleHMRC reminds taxpayers of looming self-assessment deadline
HM Revenue & Customs (HMRC) has issued an official reminder to self-assessment taxpayers, warning them not to miss the 31 January 2018 tax return deadline. In a press release issued on Wednesday 29...
View ArticleDon’t forget to claim tax relief on your annual Christmas party
Accountants are reminding employers that they are able to claim tax relief on their annual Christmas party – providing they don’t overspend on the sparkling wine. Business owners are entitled to claim...
View ArticleUK welcomes hundreds of thousands of new SME entrants
New official figures reveal that almost 200,000 new small businesses have been formed in the UK this year so far. Data from the Department for Business, Energy and Industrial Strategy (BEIS) suggests...
View ArticleHMRC to stop accepting Post Office and personal credit card payments
HM Revenue & Customs (HMRC) has confirmed that it will no longer accept Post Office payments from 15 December 2017. It has also announced that it will stop accepting personal credit card payments...
View ArticleBritish territories included in EU tax haven crackdown
The European Union has published a list of “banned” tax havens as part of its efforts to crackdown on offshore tax avoidance – but has left many of the most renowned destinations off the register....
View ArticleSMEs urged to explore international trade
UK small and medium-sized enterprises (SMEs) are being urged to explore export opportunities, after a recent business tracker found that the number of SMEs trading internationally had fallen. According...
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The Twelve Days of Tax-savings! Christmas-themed business tips from RDP Newmans
On the first day of Christmas my accountant said to me: party, party, party. HMRC provides an allowable tax deduction for an annual event, up to £150 per head. Your staff will really appreciate it. All...
View ArticleIndexation Allowance to be “removed” from next month
The Indexation Allowance, which provides tax-relief for companies’ capital gains, will be frozen from next month to bring the corporate system “into line with personal capital gains tax”. The measure...
View ArticleDigital skills crucial to SME success, says FSB
A new study carried out by the Federation of Small Businesses (FSB) suggests that almost a quarter (22 per cent) of small and medium-sized enterprises (SMEs) are suffering from a so-called ‘digital...
View ArticleSelf-assessment taxpayers urged to plan ahead amid HMRC telephone chaos
This time last week, HM Revenue & Customs (HMRC) announced on social media that ‘technical problems’ had caused its telephone lines to crash. The tax authority’s helplines – which welcome millions...
View ArticleFour in 10 business owners require support ahead of Making Tax Digital
With Making Tax Digital set to change the way companies prepare their books from 2019, it’s vitally important that business owners acquaint themselves with digital accounting sooner rather than later....
View ArticleSME owners likely to work overtime at Christmas
A new study suggests that a sizeable proportion of British small and medium-sized enterprise (SME) owners will be forced to work overtime this Christmas due to mounting tax and administrative...
View ArticleRural SMEs majorly disadvantaged by digital divide, shows report
More than one million homes and offices still struggle to get a “decent” broadband connection, according to a new report. Communications regulator Ofcom said the digital divide is steadily improving,...
View ArticleProposed auto-enrolment changes “will burden small firms,” says FSB
The Federation of Small Businesses (FSB) has voiced concerns that proposed changes to auto-enrolment pensions will weigh heavily on the finances of small and medium-sized enterprises (SMEs). The news...
View ArticleHMRC to address concerns raised about proposed MTD penalty model
HM Revenue & Customs (HMRC) has confirmed that will address a number of concerns raised by tax and accountancy bodies regarding its newly-unveiled Making Tax Digital (MTD) penalty regime. In recent...
View ArticleHMRC warns about new tax scam costing victims thousands
HM Revenue & Customs (HMRC) has issued a warning about a new tax scam tricking victims into handing over thousands of pounds. The tax office said fraudsters are preying on victims by cold calling...
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