Business News
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MTD for Income Tax delayed – What it means for you
MTD for Income Tax delayed – What it means for you Unincorporated businesses have heaved a sigh of relief after the Government delayed the date for the implementation of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) by one year to 2024. Hit hard by the pandemic, it will give these businesses, including the… Read more
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Received a CJRS compliance check? Act now!
Received a CJRS compliance check? Act now! The Coronavirus Job Retention Scheme (CJRS) ended in September but many firms could still be subject to a CJRS compliance check in the weeks and months ahead. HM Revenue & Customs (HMRC) has been sending out letters to employers throughout the year telling them they need to pay… Read more
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I have been sent a nudge letter by HMRC – What should I do next?
I have been sent a nudge letter by HMRC – What should I do next? Thousands of taxpayers across the UK have received ‘nudge letters’ from HM Revenue & Customs (HMRC) encouraging them to declare unpaid tax. The reasons for being targeted vary but the impact of being contacted by HMRC can cause a… Read more
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Frustrated SMEs turning to unsecured loans to grow businesses
As the UK emerges from the economic crisis caused by the pandemic there are many positive indicators of financial recovery, such as a fall in COVID-induced public spending, a rise in job vacancies and a decline in unemployment, all of which are encouraging businesses to grow. The economic indicators are good news for SMEs with… Read more
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Beware of rising house prices increasing Inheritance Tax liability
While rising property values may seem like good news, as prices go through the roof it could land you with a hefty Inheritance Tax (IHT) bill. The latest data from HM Revenue & Customs (HMRC) show that the average IHT tax bill stood at nearly £210,000. IHT is a charge on the value of the… Read more
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New weapons in the war on cybercrime
It is a nightmare that plagues both business and private users alike, but cyber security experts are continuing to fight back against the online crooks using email scams targeting their organisations. The UK’s cyber police force, the National Cyber Security Centre (NCSC), has published guidance for businesses on a new reporting tool that can be… Read more