Amazon is implementing significant changes that will directly impact VAT Registered UK sellers. These changes, effective from 1 August 2024, relate to the VAT treatment on Amazon fees and invoicing.
The majority of family and owner-managed businesses are concerned about inflationary pressures on costs over the next 12 months, according to the latest survey by Armstrong Watson. How will businesses look to nagivate cashflow and fund their growth?
Hospitality businesses need to prepare for new rules that are due to come into force to ensure all ‘qualifying tips’ given by customers are fairly and wholly distributed to qualifying employees and agency workers.
Holiday let owners braced for increased tax bills now face a period of uncertainty about when - and if – the favourable Furnished Holiday Letting regime will be axed.
Artificial Intelligence (AI) is playing an increasingly significant role in modern business operations, often without business owners even realising it.
It is never too early to complete your self-assessment tax return. In fact, as soon as the tax year ends you can submit your tax return. Leaving it until the last minute can lead to increased stress and anxiety, errors and omissions not to mention potential delays and penalties.
This was one of the key findings from Armstrong Watson's latest survey, which also asked the agricultural sector about challenges impacting growth, how they are adapting to the evolving digital world, and about their plans for succession.
New legislation that affects how sole traders and partnerships are taxed came into play on 6 April 2024. It means that businesses will be taxed on profits generated in a fiscal year and not those aligned to the business’s accounting year-end.