The UK government has agreed an ‘historic’ commitment with 48 countries to combat criminals using crypto assets to evade tax. The landmark agreement follows on from the UK’s tax deal made in 2021 to clamp down on corporate tax avoidance and ‘ensure the right tax is paid in the right place’. The new Crypto-Asset Reporting… Read more…

HMRC is ‘Making Tax Difficult’ for taxpayers as Making Tax Digital (MTD) adds to the burdens they face, according to a report by the Public Accounts Committee (PAC). The report says that HMRC has lost sight of the need to put taxpayers at the heart of changes to the tax system. The PAC says that… Read more…

The tax cuts announced in the 2023 Autumn Statement won’t prevent tax revenues rising to their highest ever levels, the Institute for Fiscal Studies (IFS) has warned. The IFS stated that announcing tax cuts in response to ‘highly uncertain’ changes in assumptions about the UK’s medium-term economic prospects ‘does not feel like a recipe for… Read more…

The changes to National Insurance contributions (NICs) announced by Chancellor Jeremy Hunt in the Autumn Statement will help to ‘ease the burden on strivers up and down the country‘, according to the Federation of Small Businesses (FSB). Mr Hunt used his Autumn Statement speech to cut the main rate of employee NICs from 12% to… Read more…

Chancellor Jeremy Hunt used his Autumn Statement to make Full Expensing permanent for those businesses investing in IT equipment, plant and machinery. The Chancellor said he was aiming to stimulate economic growth and highlighted 110 measures for businesses in the Statement. Full Expensing was first announced in the March Budget and was scheduled to last… Read more…

We’re excited to share that Dr. Anjulika Salhan is featured in a fantastic article on the Mirror Review website. The piece delves into her remarkable journey, exploring her early career and the amazing individuals who have inspired and guided her to where she is today. Dr. Salhan is passionately dedicated to supporting small businesses, and… Read more…

In an era where technology continuously reshapes the way we work, communicate, and even live, it comes as no surprise that the realm of Human Resources (HR) is also undergoing a profound transformation. The HR department, once known for its hefty paperwork, manual routines, and never-ending administrative duties, has transformed into a place of streamlined… Read more…

HMRC has published the latest issue of the Employer Bulletin. The October issue has information on various topics, including: electric charging of company cars and vans at residential properties paying your PAYE Settlement Agreement reporting PAYE information when payments are made early at Christmas new guidance for employment businesses who use umbrella companies to employ… Read more…

Many UK firms are still facing hiring issues as a result of challenging economic conditions, according to a report from the British Chambers of Commerce (BCC). 73% of firms surveyed by the BCC reported having recruitment problems, with businesses in the hospitality sector the most likely to report challenges. The construction and manufacturing industries are… Read more…

A large majority of UK business leaders plan to offer employees remote and hybrid working in the long-term, according to the Institute of Directors (IoD). A survey conducted by the IoD found that 84% of business leaders polled plan to provide office-based staff members with some degree of remote working. The IoD’s survey was conducted… Read more…