Why family firms matter

A detailed new report has revealed the full extent of the massive contribution that family businesses make to the UK’s economy. According the latest UK Family Business Sector Report, produced by Oxford Economics for the Institute for Family Business (IFB), they are responsible for a q

Putting a price on intellectual property

Intellectual Property (IP) impacts every business in the country – and it is important to understand how it can be used to help an organisation grow and develop. Businesses create and use intellectual property all the time, perhaps without realising it. The value of your IP – whether

The countdown is on: Your tax year end checklist

The tax year ends on April 5 and the clock is now ticking, with just a short period of time remaining for people to maximise their use of this year’s allowances. To help you check if you’ve done all you can when it comes to planning, we’ve compiled this handy list of things that, busi

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