Car dealerships across the UK are being targeted, and subsequently investigated, for suspected tax evasion. Here are some steps you can take to help mitigate the impact of an HMRC enquiry.
In order to avoid HMRC penalties it is important to record expenses and claim VAT correctly for your farm business. Genuine mistakes do happen but there are some things to bear in mind that will help minimise the chance of triggering an inspection.
As a business owner, you've likely experienced the daily grind of running your enterprise – dealing with operations, managing employees and handling countless tasks that seem to keep you busy from sunrise to sunset. While these day-to-day responsibilities are essential for keeping the wheels turning, they can sometimes distract you from the bigger picture.
HMRC is proposing to change the rules around the income tax paid on withdrawals from a pension pot by beneficiaries, which could mean a reduction in income for those in receipt of their deceased partner/relative’s (in most cases) pension.
One in 11 SME businesses say their priority for the next three to six months is survival, with 77% rating current government support as ‘poor’. These are two of the key findings from the latest survey by the Association of Practising Accountants (APA).
Scottish business confidence has moved into positive territory for the first time since March 2022, according to the latest ICAEW Business Confidence Monitor report for Scotland.
The factors causing the rise in company insolvencies are well-documented. While many factors are beyond your control, there is one factor that you can influence, and that is better business management.