Resources – News & Articles

A selection of business news and articles to help make your business a success

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Changes to Umbrella Company Payments could Reduce Wages

Changes to Umbrella Company Payments could Reduce Wages

Umbrella companies are typically used by recruitment agencies to employ workers on temporary contracts, in sectors like IT, healthcare, construction and education. Usually, the contractor or temporary worker will work for a client, the client pays the recruitment...

MPs Call on HMRC to Address Challenges in Tax Admin

MPs Call on HMRC to Address Challenges in Tax Admin

HMRC’s challenges in administering the tax system, as it has become increasingly complex, have been revealed in Parliament’s Public Accounts Committee (PAC) report, with trust in the agency falling, and costs rising significantly. The simplification of taxation has...

Tax Simplification Measures – Do They Go Far Enough?

Tax Simplification Measures – Do They Go Far Enough?

The Government has revealed a package of changes designed to simplify the tax and customs system and to help deliver its ‘Plan for Change’. There are 26 measures included in the changes, plus two administrative measures to strengthen the “integrity of the tax and...

Extra Steps Needed to Calculate Capital Gains Tax

Extra Steps Needed to Calculate Capital Gains Tax

Anyone making disposals of assets on or after October 30, 2024, will need to take some extra steps to calculate any Capital Gains Tax (CGT) due. These extra steps, which will affect individuals, trustees and personal representatives, have resulted from the...

Inheritance Tax Receipts Up £800m in a Year – How to Beat the Bill

Inheritance Tax Receipts Up £800m in a Year – How to Beat the Bill

Inheritance Tax (IHT) receipts from April 2024 to March 2025 have risen by £800m compared to same period the previous year. This is largely a feature of the nil rate band – the amount you can have in your estate before you must pay IHT – and the residence nil rate...

Companies are Being Warned to Comply with New Rules

Companies are Being Warned to Comply with New Rules

Companies registered at Companies House are being warned to keep on top of their responsibilities, such as filing their confirmation statements on time, otherwise they could face new penalties. Companies House will still support businesses to help them comply with...

Trump’s Tariffs Hit the Markets – What Should You Do?

Trump’s Tariffs Hit the Markets – What Should You Do?

The first 100 days of the Trump administration has certainly created consternation across the world, as Donald Trump’s implementation of tariffs – which have been on again and off again and are currently suspended for most countries at the time of writing – have...

Five Years on From Covid – What Have We Learnt?

Five Years on From Covid – What Have We Learnt?

It’s now five years since the UK – and most of the rest of the world – went into Covid lockdown, and various things have changed since that period. One major benefit was a significant acceleration in the advancement of some technologies, such as video conferencing...

PAYE or Payroll Errors? You Could Face a Penalty

PAYE or Payroll Errors? You Could Face a Penalty

If your business has had any kind of errors in Pay As You Earn (PAYE) for your payroll, you could be facing a penalty from HMRC for not operating your PAYE correctly, including anything from not filing something at the right time, or failing to do something...

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