Small business owners hold on to cash for Brexit

Small business owners hold on to cash for Brexit

Small businesses across the UK have increased the amount of cash they hold in current accounts by over 78% over the past two years in anticipation of a Brexit fueled credit crunch. The hoarding reflects growing fears over the economy and a desire to have cash assets...
Government launches ‘Get ready for Brexit’ website

Government launches ‘Get ready for Brexit’ website

Ever since the referendum under David Cameron’s Conservative Goverment back in June 2016 the topic of Brexit hasn’t been far from the front pages. As we move ever closer to the 31 October 2019 deadline for Britain to leave the EU the Government have launch a...
Improving efficiencies with a cloud based purchase order system

Improving efficiencies with a cloud based purchase order system

Segregation of duties is important for any business, but even more so as your company grows. The delegation of work allows everyone to be more efficient, meaning the right skill levels can undertake the appropriate tasks and the company to continue to grow. Approval...
Delays to R&D tax credit claims

Delays to R&D tax credit claims

Businesses have been experiencing “significant delays” to their research and development (R&D) tax credit claims in recent months. R&D relief is available to companies that work on innovative projects in science and technology, with the aim of...
HMRC publishes new IR35 guidance

HMRC publishes new IR35 guidance

New guidance has been published on the HMRC website, covering changes to the off-payroll working rules known as IR35 which will come into effect next year. From 6 April 2020, medium and large-sized businesses will be responsible for deciding the employment status of...
120k firms miss MTD for VAT deadline

120k firms miss MTD for VAT deadline

More than 120,000 VAT-registered businesses in the UK missed the August deadline to file returns through Making Tax Digital (MTD). HMRC confirmed that around 116,000 businesses with quarterly obligations and 5,000 firms that file monthly returns did not sign up in...