Businesses facing an increase in their tax bills next year can breathe a sigh of relief now that the Government has pushed back its plan to alter the basis period for one year.
The decision by the Bank of England to hold the base rate at the historically low 0.1% will be a relief for individuals and businesses with variable interest rates on their debt finance. However, with inflation expected to reach 5% next year an increase in the base rate seems inevitable at some point in the near future.
Rishi Sunak’s Autumn Budget will come as welcome news to many given the Government’s continued pledge to invest in Research and Development (R&D) activities.
Introducing electric cars into a business or organisation is no longer just about social responsibility. There are a number of benefits to driving an electric car, including some serious financial incentives such as electric car benefit in kind. There are also other considerations you need to make too. The main points to consider are listed below.
Accounting software, such as Xero, is at the cutting edge of technological change in the business world. Here are the Top 5 Xero add ons for use in the hospitality sector and the benefits they can bring to your business.
Armstrong Watson has teamed up with the Medical Defence Union (MDU), the UK's leading medical defence organisation, and its partner organisation the Dental Defence Union (DDU), to provide its members with access to tax, accountancy and business advisory services.
Agricultural Accountants, Armstrong Watson, is warning that farming businesses could see significant changes to the way they are taxed and may face higher tax bills than expected if a proposed reform is implemented.
One consequence of the COVID-19 pandemic is that holidays in the UK – or “staycations” – have become more popular than ever. Here we will look at the VAT issues that should be considered as part of the planning for such a venture:
It is commonplace for farming families to have a complicated property ownership history. This can result in a position where not everybody knows who owns a particular property and for family members to be living in houses owned by someone else. It worth then considering the tax consequences that can arise.