The UK Government has pledged that by 2040 all new cars sold will need to be either electric or some form of plug-in hybrid. However, before this deadline was even announced many within the motor industry believed that by 2025 as many as one in three cars will incorporate an electric power plant. Much of… Read more…
The deadline to register trusts and estates under new rules has been extended by two months, following complaints that the original deadline was too ambitious, potentially leaving many unable to comply. Under the new rules, trusts and estates that have a tax liability are required to register with the HMRC trusts and estates online service… Read more…
A report from the Organisation for Economic Co-operation and Development (OECD) has called on the UK Government to revive its plans to increase National Insurance Contributions (NICs) for the self-employed. Earlier this year, during the Spring Budget, the Chancellor of the Exchequer, Philip Hammond, announced that the Government would seek to abolish Class 2 NICs… Read more…
UK-based SMEs are not doing enough to ensure the data they hold is secure, it has been reported. Findings from a newly-published report show that more than two out of three SMEs considered that there was room for improvement in protecting their business data, while four out of 10 questioned said they did not have… Read more…
Leading accountancy firm, Salhan Accountants, has expanded its office space at its headquarters in Hagley Road, Birmingham having experienced a surge in demand for its multi-award winning services. The firm, which currently operates on the 15th floor of the offices at 54 Hagley Road, will move to a much larger space on the third floor… Read more…
With the needs of smaller businesses in mind, Salhan Accountants has launched a new innovative and cost-effect service for the modern world. Salhan Connect offers companies the same high quality advice that they have come to expect from the leading firm, but at a fraction of the cost, while incorporating the latest cloud-based accounting technology.… Read more…
Changes to the Dividend Tax regime, which will see the existing tax-free allowance fall from £5,000 to £2,000 from April next year, are set to hit small business owners and investors. The changes currently being considered by MPs as part of the Finance Bill 2017-19 had been delayed when what is now the Finance Act… Read more…
Students who have been heading back to university in recent weeks could be entitled to a helpful tax refund, according to HM Revenue & Customs (HMRC). Those who worked through their summer holidays may have been taxed through PAYE, as if they were earning at that level year-round, but it is unlikely that their earnings… Read more…
Late payments are a headache that most small businesses are familiar with, but new research shows that late payments create problems for the economy as a whole. Figures published by the Department for Business, Innovation and Skills show that UK SMEs are losing £250 billion in cash flow as a consequence. Because SMEs tend to… Read more…
It’s all change when it comes to cash. Last month saw the introduction of a new £10 note and this month sees our last chance to spend the old round £1 coin. Following on from the new Churchill £5 note, the new £10 note is made from the same polymer material, with sophisticated built-in security… Read more…
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