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As a business providing precision engineering services to the aerospace, motorsports, and marine sectors across the globe, West Midlands-based engineering firm A&M EDM prides itself on its innovative, pioneering, and forward-thinking approach. By its very nature, R&D constitutes a significant proportion of the firm’s day-to-day operations and, through embracing the Government’s R&D tax credit scheme, […]
Small and medium-sized enterprises (SMEs) are the lifeblood of the country, accounting for 99.9 per cent of all businesses across the UK. At the start of 2021, there were estimated to be 5.6 million UK private sector businesses. But they acknowledge, according to a survey, that their operations would struggle to function efficiently without the […]
One in three (31%) mid-market businesses believe the increased tax burden is a top threat to future growth, according to a survey ahead of the Chancellor’s Autumn Statement.
Michael Pawley is the founder of Proficio Solutions which provides outsourced Finance Director/Chief Financial Officer services to a number of entrepreneurs and ambitious businesses, partnerships and LLPs who operate mainly in the professional service and legal sector, across the UK as well as in Europe, Hong Kong, USA and South America.
A tax expert at accountants and business advisors Whitley Stimpson is encouraging business owners to take action after the after the Government announced a 1.25 per cent tax hike on dividend payouts as part of its new Health and Social Care Levy.
With more than 1.7 billion transactions processed in the past 12 months, Xero’s most-loved feature is becoming even more powerful and beautiful for small businesses
Following the news from economic forecaster, EY Item Club, revealing that the British economy is growing at the fastest rate in 80 years, please see below for comment from the global small business platform, Xero.
Welcome to our May instalment, we’re approaching the summer months and lockdown measures have eased some more. In this month’s newsletter, we’re going to be looking at winding down your company with retirement in mind, maximising health and fitness sector profits, managing organisational changes and more.
Welcome to our April instalment, the year is simply flying by, isn’t it? In this month’s newsletter, we’re going to be looking at how to make a success of hospitality reopening, adjusting to the new normal, IR35 changes and more.
As we reported back in July 2020, plans for the VAT reverse charge in the construction sector were postponed for the second time and will now come into force in March 2021. Despite having fair warning of the changes, there will still be many companies in the sector that are unprepared for this significant alteration.
A tax expert has stepped in to clear up confusion over Capital Gains Tax (CGT).
Now more than ever we should be thinking carefully about how our records, media and analogue materials should be accessed in times of restricted access. With media on-line this allows archives to be stored safely and their digital counterpart used for accessing.
Recent changes to the taxation of UK property held by non-UK residents have meant a fundamental reshuffle of tax planning in the lettings market. The changes include the taxation of rental income received by non-resident corporate landlords under corporation tax instead of income tax, with effect from 6 April 2020.
The rapid disruption caused by the various social distancing measures has resulted in a liquidity shock to many businesses. Therefore, we would like to circulate what we have learned about the various financing and government support options expected to be available to date.
Capital gains tax (CGT) rules on residential property are being tightened from April 2020, so farmers and landowners should consider completing any planned sales before this deadline, advises experts at Whitley Stimpson.