Staffordshire Moorlands Launches New ‘To Thrive’ Business Grant Scheme

The recent ‘To Thrive’ business grant scheme announced by Staffordshire Moorlands District Council and Staffordshire County Council, targets SMEs within the area who are looking to grow their businesses. Funds between £2,000 and £5,000 will be available for covering costs relating to applying plans that will help achieve business growth. These plans may include: Purchase…

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Three New Grants Available for Businesses in Staffordshire Moorlands

Staffordshire Moorlands District Council has recently announced three new grants which will support improvements and innovation for small and medium – sized enterprises (SMEs). High Street Business Improvement Grant This capital grant fund has become available to SMEs within the Staffordshire Moorlands District Council area, who are located on recognised High Street locations. The aim…

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P11D – Remember to report before the July deadline!

With the 6 July deadline nearing, it is essential to understand the updated reporting requirements for Class 1 National Insurance Contributions (NICs) on benefits in kind (BIKs). Employers offering benefits, such as private healthcare, living accommodation, travel expenses, and company cars must report additional NICs through the payroll process or on a P11D form. Significant…

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The rise of the higher rate taxpayer

The Government continues to freeze both the personal allowance and the higher-rate income tax thresholds – leading to an increase in the number of higher-rate taxpayers this year. The result of ‘fiscal drag’ – a phenomenon where tax thresholds fail to keep up with inflation or wage growth – the freeze will continue to increase…

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High-income earners need to re-register for child benefit

Child benefit supports parents or guardians of children under 16, or under 20 if in approved education, by contributing towards the costs of raising them. Since January 2013, the High Income Child Benefit Charge (HICBC) affects those earning above a specific threshold but this was revised in the Spring Budget 2024. Initially, families with one…

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SME recovery continues as sustainability and growth take centre stage

In its latest research into the UK’s SME economy, NatWest Group has identified an encouraging trend among the country’s independent operators, as SME growth continues for the fifth consecutive month. Two sectors led the charge, as the service industry continues to be a significant driver of growth, while the manufacturing sector enjoyed expansion after a…

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Find Peace of Mind with Tax Investigation Insurance

In recent years, HM Revenue and Customs (HMRC) enquiries have increased and are being conducted with a higher level of detail and persistence. These investigations can be stressful, problematic, time consuming and very expensive. However, these worries can be avoided if you make sure you are protected. In this blog, we will delve into what…

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