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How hard-pressed SMEs can obtain business support

Small businesses are the lifeblood of the UK economy, but with rapid inflation and other economic headwinds making trade difficult, they can struggle to access support. There is a wide range of important tax reliefs available to SMEs, which could provide some much-needed financial assistance. These include: Employment Allowance claims This scheme allows eligible businesses

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Right to Work checks – What you need to know

All employers in the UK have a responsibility to stop illegal working, which means you must conduct the correct Right to Work checks. These checks should ensure that the person you employ is not disqualified from carrying out the work in question due to their immigration status. If you follow the Government’s guidance and Code

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What is the Construction Industry Scheme?

If you are a contractor, the Construction Industry Scheme (CIS) is something that you will need to familiarise yourself with to avoid falling behind and facing penalties. The Construction Industry Scheme (CIS) is a form of business tax that is applied to contracted work within the construction industry. What do contractors need to do? Ahead

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GETTING YOUR BUSINESS ‘INVESTMENT READY’

By Michael Cantwell, Head of Corporate Finance at RMT Accountants & Business Advisors Earlier this month, the North East Fund announced that, in the four years since it was launched, it has raised more than £220m for over 350 regional businesses and helped them to create 1,500 jobs in the process. On top of this,

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More families claiming for overpaid inheritance tax

A growing number of families across the UK have put in claims for overpaid inheritance tax. Figures from a new survey show families made nearly 32,000 tax reclaims in the past six years. The reclaims figure was obtained in a freedom of information request to HMRC years, by financial advisers NFU Mutual. Sean McCann, chartered

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How can your employees recognise scam emails?

Unfortunately, fraudulent emails are something that we are all likely to come across at some point. In fact, the methods that fraudsters are using to target people have seen a substantial increase in recent years. It is important to be aware that your business could fall victim to a scam, with the potential of scammers

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Recovery in exports, but uncertain outlook for post-Brexit UK, says survey

A recovery in UK exports reported in February by The Office of National Statistics (ONS) has been short-lived, according to a new survey. It comes as figures from Germany suggest post-Brexit trade between the two countries has dropped sharply. German-British Chamber of Industry and Commerce members cited logistical problems related to Brexit as the biggest

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Student finance: How can employers stay up to date?

Student finance appears to be an issue that regularly changes, meaning those in charge of payroll for businesses must adapt to keep up. The student finance system is in the limelight again, after being criticised by Nicholas Barr, a professor at the London School of Economics who advised Tony Blair’s government on student loan reform

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Construction subcontractors: All you need to know about payments

If you are a contractor working in the construction industry you are likely to rely on the services of subcontractors – but what rules do you need to consider when paying them? Contractors and other businesses who regularly use the services of subcontractor must keep track of their payments as work of subcontractors applies to

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