Skip to content

Blog: Business News

New digital export strategy to boost trade in wake of Brexit

The Government’s new digital export strategy could boost international trade by billions of pounds every year, it has been suggested. The report – published by the Board of Trade – outlines new measures and support that will help traders in the wake of Brexit. Here’s everything you need to know. How big is the UK’s

Read more

PAYE Settlement Agreement can save time and costs

For busy small businesses, a PAYE Settlement Agreement (PSA) offers a simpler alternative to pay your employees. It allows you to make one annual payment to cover all the tax and National Insurance due on minor, irregular or impracticable expenses or benefits for your workforce. According to HM Revenue & Customs (HMRC), if you get a PSA for these items, you

Read more

Homes price boom sparks a big rise in Inheritance Tax receipts – What can you do to save tax?

Campaigners are angry over the fact that more and more people will be drawn into paying Inheritance Tax (IHT), after a big rise in receipts. They are angry that Chancellor Rishi Sunak has frozen the IHT nil rate band and residence nil rate band at £325,000 and £175,000, respectively, until 2026, while the value of

Read more

Prepare now for the final stage of MTD for VAT

The final stage of Making Tax Digital (MTD) for VAT is just a few short months away. From 1 April 2022, even the smallest VAT registered business will need to comply with the quarterly digital recording and reporting of VAT – including those below the £85,000 VAT threshold who are voluntarily registered. Millions of UK

Read more

Over £2 billion invested in ‘impact’ tech companies in 2021, Digital Economy Council reveal

More than £2 billion was invested in ‘impact’ tech companies in 2021, the latest statistics have revealed. The research, published by Dealroom for the UK’s Digital Economy Council, highlights the success of startups founded to build solutions to the United Nations’ Sustainable Development Goals, such as good health and wellbeing, quality education, sanitization, innovation, and

Read more

Fraud Now Costs UK Businesses and Individuals “£137 Billion a Year”, Research Reveals

Fraud now costs UK businesses and individuals more than £137 billion a year, a major study has revealed. Published by the University of Portsmouth Centre for Counter Fraud Studies, the data suggests that the Covid-19 outbreak has highlighted significant holes in companies’ cybercrime defences. According to the study, the cost of fraud has increased by

Read more

New Plans to Support Hospitality Industry in Wake of Coronavirus Pandemic

New plans will help pubs, bars, restaurants, and hotels bounce back from the coronavirus pandemic, it has been revealed. The report comes after the Government unveiled The Hospitality Strategy on Friday, 16 July. With a focus on “reopening, recovery and resilience”, the plans will introduce a variety of measures designed to help hospitality businesses recover

Read more

COVID-19 business interruption insurance – Are you due a payout?

Thousands of small businesses across England and Wales may be about to receive insurance payouts from business interruption insurance policies, following a ruling in the Supreme Court. More than 370,000 small businesses in England and Wales could be due a payout on their business interruption insurance after the Supreme Court ruled in favour of payments

Read more

FSB proposes move to turn Covid emergency debt into shared ownership schemes

The Federation of Small Businesses (FSB) is calling on the Government to introduce new measures to help companies struggling with COVID-related debt, including employee shared ownership. The FSB has said that businesses are facing “unmanageable” levels of Coronavirus debt – with four out of 10 small businesses describing their indebtedness in this way. Already nearly

Read more
1 … 7 8 9 10