Exiting the slow lane – Sustaining growth in uncertain times

Recent years have held a lot of uncertainty for small and medium-sized enterprises (SMEs) and independent businesses. While there are signs of recovery, SMEs have seen slow growth in recent months. However, with employment increasing at a faster pace than in large firms, there is a variety of ways in which small businesses can protect […]

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Funded and thriving: Understanding financing

Financial initiatives to support business growth are continually being announced by the Government, local authorities, individuals and private-sector companies. Funding from private companies often aims to nurture specific industries, particularly high-growth sectors like technology, sustainable manufacturing and healthcare. They might target general growth or specific projects, such as the development of a new product. If […]

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Using accounting and audit technology in the renewable energy sector

Accounting and audit technology is changing the way many conduct business and how data is analysed. When used intelligently, it can deliver real benefits to renewable energy companies and the wider society. As the renewable energy sector expands, the importance of accurate accounting and audit technology has become increasingly apparent. Technology is essential in ensuring […]

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P11D – Are you ready to report by 6 July?

Benefits in Kind (BIK) cover several different perks or additional employer payments to their employees. They can include any of the following: It is the employer’s responsibility to confirm all above-mentioned taxable benefits are on a P11D form and submitted annually to HM Revenue & Customs (HMRC). It is worth noting that employers must include […]

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Crypto transactions reporting in self-assessment

Does your business use cryptocurrencies and non-fungible tokens (NFTs)? Greater scrutiny is now on reporting all crypto transactions. HM Revenue & Customs (HMRC) confirmed from 2024-25 self-assessment tax return forms will feature a new segment to declare any gains from crypto assets for individuals and trusts.  Greater security The heightened scrutiny of crypto-asset holders becomes more […]

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Lifetime Allowance abolished for pensions

Announced in the Spring Budget, the Lifetime Allowance (LTA) abolition releases people to save as much as they like in their pension schemes.  The LTA limits how much people can build up their pension pots over a lifetime whilst benefiting from tax incentives.  The previous threshold was £1,073,100. Anything over that was subject to a […]

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Business rate changes as rateable value update takes effect

The Valuation Office Agency (VOA) has published the official rateable values for non-domestic properties and all businesses in England and Wales.  Local authorities use the reevaluation list to determine business rates to levy offices, shops, pubs, and warehouses. Most non-domestic properties will attract business rates, even if only part of the building operates for non-domestic […]

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