What happens if I want to invest in property?

Whether you are interested in purchasing a portfolio of properties for buy-to-let purposes, or you want to buy one additional property to sell on for a profit in years to come, Britain’s property market has long been considered a stable and potentially very lucrative place to invest your money. However, there are a number of… Read more…

Workplace pension contributions more than double

The percentage of salary employers and employees must contribute to a workplace pension has increased from 6 April 2018. Employees will now contribute three per cent (up from one per cent) of their annual salary into a personal workplace pension, while employer contributions have increased from one to two per cent. Under the new rules,… Read more…

1.3 million SMEs hoping to branch out internationally to boost growth

An annual survey suggests that some 1.3 million UK-based small and medium-sized enterprises (SMEs) intend to branch out overseas this year in a bid to expand their horizons and fuel their growth plans. According to CitySprint’s latest annual survey of business owners and decision makers, ambitions among Britain’s SMEs remain strong despite the fact that… Read more…

OTS calls for overhaul of ‘complex’ tax charges and reliefs

An overhaul of “the complex patchwork” of tax charges and reliefs affecting businesses throughout various stages of the business lifecycle is urgently required in order to stimulate growth among small and medium-sized enterprises (SMEs), the Office of Tax Simplification (OTS) has said. In a report published midway through April, the OTS looked closely at business… Read more…

270,000 late penalty notices cancelled by the Revenue

A response to a freedom of information request has revealed that HM Revenue & Customs (HMRC) cancelled 270,000 late penalty notices in 2016. However, this figure was dwarfed by the 610,000 cancellations in 2015 and the 400,000 cancellations in 2014. The request was made by a partner in a ‘magic circle’ law firm, who was… Read more…

Could your business benefit from management accounts?

If your business does not use management accounts, you could be missing out on important opportunities for growth. Management accounts are a monthly ‘health check’ for businesses. The information they provide is crucial for keeping on top of cash flow and a strong set of management accounts should include information such as profit and loss… Read more…