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23 Sep 2022
The Chancellor used his mini-budget to announce a broad range of measures to support individuals and business and reduce taxes Kwasi Kwarteng has moved to reverse previously announced tax rises and to announce a number of taxation reductions and incentives.... Read more
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Mini-Budget 202231 Aug 2022
The latest increase is the fifth rise since December 2021, with the BoE arguing that rate rises are needed to tackle soaring inflation. Inflation as measured by the consumer price index (CPI) is expected to rise more than previously predicted,... Read more
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Insider: September 202231 Aug 2022
Hiring an employee for the first time is an exciting moment for any business owner. Suddenly, you’ve got another pair of hands to help out with jobs that used to fall entirely on you – and with that extra support,... Read more
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Employing Staff31 Aug 2022
When a business incurs costs, such as salary payments or stationary procurement, it can usually fully deduct them as expenses from its taxable profits, reducing the tax due. However, when it buys assets for operational purposes, things are not quite... Read more
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Capital Allowances29 Jul 2022
More than half of cryptocurrency investors have limited or no understanding of capital gains tax (CGT) and the associated tax liability on crypto transactions. Understanding of CGT was mixed, with 34% of owners stating they had a good understanding, compared... Read more
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Insider: August 202229 Jul 2022
Just about everyone has heard of VAT (value-added tax). We’re used to paying it on many of the goods and services we purchase as we go about our everyday lives. But when you have your own business, you’ll learn a... Read more
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VAT accounting schemes29 Jul 2022
A business exit strategy is a plan for what will happen when you want to leave your business. A lot of people think of an exit strategy as a plan to guard against disaster or something that has to be... Read more
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Business exit strategies01 Jul 2022
The long-awaited response outlines the Government’s plans to tackle dominance of large auditors, ban failing ones and bring unlisted companies under the scope of the regulator. The current Financial Reporting Council will also be replaced by a “new, stronger regulator”... Read more
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Insider: July 202201 Jul 2022
HMRC recently announced new powers to investigate companies they suspect of evading taxes, so as a business owner, you might be worrying about what happens if your company comes under scrutiny. Even if you’ve played entirely by the rules, the... Read more
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How HMRC conducts tax investigations