Category Archive Business News

Over half of Brits plan to shop with small and local businesses after pandemic, study reveals

Around half of Brits plan to spend their money with small and local businesses in the wake of the coronavirus pandemic, a major study has revealed.

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HMRC unable to process “significant” number of 2020/21 tax returns due to SEISS reporting errors

HM Revenue & Customs (HMRC) has been unable to process a “significant” number of 2020/21 Self Assessment tax returns due to Self Employment Income Support Scheme (SEISS) reporting errors, it has been warned.

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What are the benefits of running a side business?

With the effects of the coronavirus pandemic leaving many people short on funding, some have turned to side businesses to provide them with extra funds to make up for their financial losses.

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What is RTI for Payroll?

Whether you employ one worker or one thousand, Real Time Information (RTI) for payroll helps businesses stay on top of compliance and ensures employees pay the correct amount of tax.

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Now is the time to prepare details of your taxable benefits

The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.

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Workplace childcare vouchers – get the best out this scheme during COVID-19

As many employees began working from home during the height of the coronavirus pandemic, they used less paid childcare, as many before school clubs and nurseries were closed.

Therefore, employees who use the childcare voucher scheme will most likely have unspent vouchers in their related accounts if they did not reduce their contributions – which come directly and automatically from their salaries.

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Five ways cloud accounting could boost your business

Cloud accounting is simple, fast, and efficient. So why are so many businesses refusing to make the switch?

In this blog, we’re going to explore just five ways cloud accounting could boost your business and help you leave competitors behind.

Real time data

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New figures highlight success of coronavirus support schemes

Some 2.8 million people took advantage of the Self-Employment Income Support Scheme (SEISS) in the last year, the latest figures have revealed.

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HMRC letters remind businesses of VAT payments change

Reminder letters are being sent out to tens of thousands of UK companies explaining changes in the Making Tax Digital (MTD) system and how it affects them.

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Register for Making Tax Digital for VAT or risk penalties, HMRC warns

Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.

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