Month: December 2023
Navigating the challenge of late payments
In the world of business, cash flow is king and, for small business owners, it is a lifeline that keeps their ventures afloat and enables growth. However, in recent times, late payments have been an issue that has been casting
Four new investment zones unveiled and how they could help your business
During the 2023 Autumn Statement, Chancellor Jeremy Hunt made a significant announcement about investment zones that could impact numerous businesses across the UK. The four new investment zones in Greater Manchester, West Midlands, East Midlands (England), and Wrexham and Flintshire
An essential financial opportunity maximising your State Pension
In retirement planning, you may encounter a multitude of options and strategies to increase your pot, but some have a catch. However, some prospects are more valuable, and one such opportunity is currently presenting itself to individuals aged 40 to
The future of payments – Cards, cashless and beyond
Alongside measures designed to support growing businesses and workers, the Chancellor’s 2023 Autumn Statement saw the publication of the Future of Payments Review. Chaired by former HSBC Chief Executive, Joe Garner, the review comes as many retailers are struggling with
Making Tax Digital for Income Tax – Government kills off confusing year-end statement
Designed to reduce the tax gap and simplify tax management for individuals and businesses, the Government’s Tax Administration Strategy is set to introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) by 6 April 2026. It will allow those
R&D tax relief schemes to merge in 2024 – What it means for future claims
Chancellor Jeremy Hunt has announced a number of reforms to policies concerning businesses and innovation, in a bid to enhance growth in the economy. A significant measure concerns various tax relief schemes for businesses in the Research and Development (R&D)