Don’t become a text scam victim

HM Revenue and Customs says it has stopped thousands of taxpayers from receiving scam text messages, with 90 percent of the most “convincing texts” now halted before they reach their phones. The taxman released the figures as it worked to raise awareness of the tell-tale signs of frau

Taxing times can be avoided

A record 10.7 million people got their tax returns in on time before the end of January, HMRC figures have revealed. However, more than 758,000 of those left it right to deadline day. And despite warnings of the consequences of missing the cut-off time of midnight on January 31, 746,0

The advantages of going digital

HMRC’s vision to digitalise the UK tax system is well underway. VAT registered businesses with turnover above £85,000 will be required to use compatible software to maintain their records and to update the taxman quarterly, starting from April 2019. A recent survey has revealed that 4

Expanding horizons for playtime innovators

A business that specialises in creating innovative outdoor play areas for children is expanding its horizons with international projects on the drawing board. Cool Canvas is the brainchild of Oliver Wotherspoon. The natural landscapes its 10-strong team design and build stimulate both

Childcare deadline looms

With so many deadlines to cope with, it is little wonder many employers may have missed that there’s a fast approaching date for their staff signing up to the government’s Childcare Voucher scheme. The scheme, which can save families with children aged under-15 up to £1,866 a year in
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2017: A year of more uncertainty

It’s been another roller coaster year for the business community, with Brexit continuing to dominate the agenda and a General Election that added to the overall feeling of uncertainty. But yet again business people have proved to be a resilient bunch, coping with whatever is thrown at

Is this plan relevant to you?

Company directors are missing out on a tax-efficient way of getting life insurance cover simply because they don’t know about it. It is called ‘Relevant Life Cover’ and despite being widely available, figures reveal that its take up is still low. So what is it? Relevant Life cover was

No move on VAT is welcome

The decision by the Chancellor Philip Hammond not to lower the VAT threshold as part of his Budget measures is very welcome news for small businesses. There was widespread concern before his speech that he would make the move and as a result many businesses would have struggled with t

Going electric: Good for the environment and your tax bill

The advent of the electric car is being hailed as a driving force behind a new green revolution on our roads. Figures reported this month reveal that they are still a small part of the motor market – something in the region of 3.5 per cent of the total. And more than 64 per cent of th

The taxman gets even tougher

New figures have revealed that HM Revenue and Customs is disputing more self-assessment forms than ever before – and collecting a rising amount of cash from personal tax investigations. According to the new figures, reported in The Times newspaper, the amount of money netted from pers

Being prepared for the worst

It remains a subject people are uncomfortable to talk about – but it is vital that SMEs address what happens in the event of the death of a shareholder. While many businesses may have shareholders’ agreements in place and insurance to mitigate against the loss of a key member of the t

Cutting out the admin and getting to the bottom line

The average small business currently spends a massive 120 days a year on administration such as paperwork, accounting and recruiting. And that accounts for more than five per cent of the total manpower for the average SME, according to cloud accounting software expert Sage. If product