With this week being National Payroll Week, it’s a great time to explore how businesses manage their payroll and if they are being effective enough. Continue reading
Author Archives: Robb & Co Chartered Accountants in Sutton Coldfield
HMRC investigating tax obligations of those who breed and sell animals
As more people turn their passion for breeding and selling animals into a source of income, HM Revenue & Customs (HMRC) will be writing to people to ensure that those involved in these activities are paying the correct tax.
Cost-cutting strategies for SMEs amid energy price increases
Economic uncertainty often forces businesses to seek ways to reduce expenses without sacrificing quality or service.
Managing the financial health of your business – How building insurance can help
Storms, heavy rain, and other severe weather conditions can cause major damage to your business premises, leading to costly repairs, loss of revenue, and in some cases, even financial ruin.
Is Capital Gains Tax due to increase?
Recent Government data has revealed a drop in Capital Gains Tax (CGT) payments and the number of individuals paying it, a trend that might have important implications for the future.
Non-doms set to face new Inheritance Tax hurdles
Starting next year, non-doms will face a tougher tax climate as Labour takes steps to fix what they see as outdated tax perks and overhaul Inheritance Tax (IHT) rules.
Pension crisis looms, so how can business owners help their employees?
The recent Scottish Widows 2024 retirement report highlights a growing pensions crisis, with the number of people not on track for even a minimal retirement lifestyle rising from 35 to 38 per cent over the past year.
Understanding the new process for PAYE refunds
The recent announcement by HM Revenue & Customs (HMRC) has introduced a change in the way PAYE refunds are processed.
Potential tax increases and their impact on businesses
In recent reports, former Prime Minister Sir Tony Blair has forecasted potential tax increases that could have an impact on businesses across the UK.
The Tony Blair Institute’s chief economist predicts taxes may need to rise by 1.9 percentage points of GDP by the end of this Parliament to stabilise debt, potentially equating to over £50 billion.
I’ve taken over the family business and our accounting needs modernising – how do I achieve this?
Taking the helm of the family business is an exciting time and an opportunity for you to put your stamp on its operations and future direction. Continue reading