The importance of purpose for the UK’s small and medium-sized enterprises (SMEs) has been explored in a recent report. It found that a massive 91 per cent said that a vital part of running a successful business is having a clear purpose. Continue reading
Could corporation tax cuts lose the UK £6.2 billion a year?
Although the government has stated that cuts in corporation tax will ultimately increase revenue, HMRC has argued that it could actually cost the public around £6.2 billion a year. Continue reading
Employment and overall wages hit record highs
In November, Britain saw the largest rise in overall real wages since September 2016, raising the spending power of the average British worker to the highest it has been in two years. Continue reading
HMRC shifting the “tax burden” onto UK consumers
Accounting experts have accused HMRC of shifting the “tax burden” onto UK consumers after finding that 21 per cent of their total income is accounted for by VAT. Continue reading
High Street sales continue to fall in December as retailers faced worst sales on record
For the sixth year in a row, sales have fallen on Britain’s high streets in December. Continue reading
New reporting measures governing top executive pay come into force
New regulations come into force today, 02 January 2019, to make companies “justify their pay” for top bosses, the Government has revealed. Continue reading
Mortgage interest tax relief changes explained
The ongoing changes currently being rolled out to mortgage interest tax relief have been strongly criticised by landlords and property bodies – but what are they, and how will they affect property investment? Continue reading
SME decision-makers are ‘wasting two days a week’ on administrative processes
A new study published this week reveals that UK small businesses bosses and decision-makers are ‘wasting’ anywhere up to two full days every week managing workplace processes and administrative procedures. Continue reading
House of Lords report criticises HMRC’s treatment of taxpayers
A new House of Lords report published this week argues that HM Revenue & Customs (HMRC) is treating taxpayers ‘unfairly’. Continue reading
Study suggests average small business is owed almost £25k in late payments
A new study carried out by cloud software provider Xero reveals that the average small British business is owed almost £25,000 in late payments. Continue reading