Around 82% of mid-sized businesses revealed that Making Tax Digital (MTD) for VAT has convinced them that further digitalisation will make the tax system more efficient According to research by…
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In the Budget, the Chancellor Rishi Sunak confirmed measures to support business investment with changes to allowances and covid loans The government will extend the temporary £1m level of the…
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Companies House accepted 11.3m digital filings in the last financial year with the words ‘digital filing’ not even mentioned in last year’s annual report The last two years has seen…
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Almost a third of coronavirus business interruption loan scheme (CBILS) and bounce back loan scheme (BBLS) loans, amounting to £22bn, will go into default, claims ACP Altenburg Advisory The debt…
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The government’s recent announcement that it would increase both the dividend tax and National Insurance by 1.25% has been described as another blow to business owners, particularly those that are…
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The current anti money laundering (AML) regime’s main objectives fail to capture the important role the accountancy sector plays in acting as a ‘gatekeeper’ to the financial system and preventing…
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The sheer scale of fraud committed during the pandemic was exacerbated by the limited level of checks when claims were made for covid grants. Kate Gee, counsel at specialist disputes…
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The number of company insolvencies in September 2021 sat at 1,446 which is 99 more than recorded in August and 56% higher than last year’s figure of 926. The figure…
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Salaries are rising at the fastest rate in 24 years, but wage inflation could lead to millions being less well-off as tax burden grows. The tax advisory firm warned…
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According to the Bank of England, a third of UK SMEs are in more than twice as much debt as before the Covid-19 pandemic. A report issued by the Bank…
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