HM Revenue & Customs are focusing more of their resources on checking that businesses are meeting their compliance obligations.
Food manufacturers in desperate need of workers are pleading for the UK Government to enable the companies to use prisoners to solve the staff shortage disaster – a fault of Brexit and COVID-19.
Many individuals who have spent their livelihoods building, running, and maintaining a successful business, often intend to pass on their accomplishments to a family member, close relative or trusted employee.
Pricing a product or service can be a challenging task for any business, especially with the increased competition that many companies now face.
In an ideal world, the costs of doing business can be covered by the proceeds of work already undertaken or goods already sold.
With England being in its third lockdown, it is essential to ensure you are doing what you can to maintain your business through this trying time.
HM Revenue and Customs (HMRC) has updated the Advisory Fuel Rates (AFRs) which come into effect on 1 December 2020, for company car drivers requiring fuel costs from their employer. However, you can use the previous AFRs for up to one month from the date of the new rates.
Companies House has urged businesses to file their annual accounts earlier than usual to avoid “last-minute” disruption caused by the coronavirus.
The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses.
According to the latest research, one in eight businesses feel prepared for the UK to leave the European Union (EU) after the transition period comes to an end in December.