Almost two thirds of UK businesses generated a cash surplus in the last tax year, according to research by the Institute of Chartered Accountants in England and Wales (ICAEW).
The survey of 500 businesses found that 62% made a cash surplus last year while 69% expect to make a cash…
In the UK there are many small businesses that are based at home and from tax year ended 5 April 2014 onwards there is an optional simplified flat rate deduction basis. An alternative method is to claim a reasonable amount for using a room or rooms at home for…
SMEs pay almost £10 billion in tax compliance costs each year, according to research by the Association of Accounting Technicians (AAT).
The survey of 500 businesses reveals that the average SME spends £4,376 complying with business taxes each year. Collectively, the SME sector spends £9.9 billion annually on tax compliance.
Important…
Welcome to our monthly tax update designed to keep you informed of the latest tax issues.
In this issue we focus on issues to be considered before the end of the tax year and things to look forward to next year. As ever we are here to help you so…
Large companies could be forced to publish information about their payment practices, under government proposals designed to combat late payment.
The measures would oblige large businesses and companies listed on stock markets to:
Companies would…
What better time to look at your financial planning than January!
This article looks at how financial planning can help you realise your goals for you and your family
Consistent financial planning is essential to growing your wealth and…
Earlier today, the Chancello
r delivered his 2014 Autumn Statement in the House of Commons.
Here are the key announcements from the autumn statement 2014 as we saw them :-
Increase to £10,500 which has already been announced however this has…
More than 850,000 businesses have benefited from the Employment Allowance in the scheme’s first 6 months, official figures have revealed.
The Employment Allowance reduces the national insurance contributions (NICs) bill for eligible employers, who can claim a class 1 secondary NICs reduction of up to £2,000 through their payroll software.
The…
Despite the SME loan success rate up to 80%, just 1 in 10 SMEs applied for finance during the past 12 months, down from 17%…
Great News!Could you do with some help with raising finance or managing cashflow? If so you could get up to £2,000 worth of free accounting advice.
Pro Tax Accounting have been approved as a Growth Voucher Advisor, meaning that if…