TC News

Taylorcocks has significantly strengthened its operation in the South West of England with the acquisition of Bristol based Eden Wood Accountants. The acquisition, which brings a more enhanced range of services to clients, marks the latest development in taylorcocks’...

The Office for Tax Simplification (OTS) is calling on the government to reform the tax system for businesses at the key stages of their growth. A report published on 16 April 2018 outlines several areas where the taxation of businesses could be simplified and reliefs...

Nearly half of people aged over 55 fear the prospect of running out of money in retirement, research shows. SunLife polled 50,000 individuals and found that 2 in 5 over-55s worry about whether their pension will cover retirement, while 43% are concerned they might run...

Business leaders’ optimism about the UK economy has turned positive for the first time in almost a year, a survey by the Institute of Directors (IoD) shows. The IoD polled 693 company directors and found that confidence in the economy reached 1% in March 2018, having...

Small and medium-sized businesses that use digital software to help with their accounting process could save 27.6 days a year, analysis by Sage shows. According to Sage’s research, 59% of SMEs use digital software for accounting, while 18% continue to use manual...

Many retirees have misconceptions about their sources of retirement income, according to research by the Financial Conduct Authority (FCA). In a survey of around 13,000 people, 80% of people who had accessed their pension pots in the last 2 years said they understood...

1 in 4 small and medium-sized firms missed out on business opportunities in the last year because of difficulty accessing funding, research shows. A survey by Aldermore of 1,004 senior decision-makers in SMEs revealed that 23% had missed out on at least 1 new business...

Businesses that sell goods to overseas markets were boosted by UK exports hitting a record high in 2017, according to the latest trade figures. Data from the Office for National Statistics (ONS) suggests global demand for manufacturing goods and business services...

Most workers in the UK expect to be working part-time after reaching the age of 65, according to a retirement study. Scottish Widows polled 3,535 people and found 51% expect to be working into their mid-60s, while 18% of those claim it’s more out of necessity than...

The 2018/19 tax year is upon us and a raft of new changes have come into force – here’s what to expect: Income tax changes The personal allowance has increased to £11,850 across the UK, and the higher rate threshold is increasing to £46,350 for England, Wales and...