Category: News

News stories

Lack of funds prevents business opportunities

A fifth of SMEs have missed out on at least 1 business opportunity in the past 12 months due to a lack of funding/finance. Research by Aldemore found that firms are missing out on an average of £77,651 a year

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National minimum and living wages rise from 1 April

The national living wage (NLW) is now £7.50 an hour. Most workers who are aged 25 and over and not in their first year of an apprenticeship are entitled to the new rate. The national minimum wage (NMW) rates for

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Apprenticeship levy approaches

Businesses are preparing for the apprenticeship levy which is due to launch on 6 April 2017. Employers with an annual turnover of over £3 million will have to pay a 0.5% levy of their wage bill into apprentices and training

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Pensioners staying in work drives up retirement income

The rise in the proportion of pensioners in employment accounts for a quarter of pensioner income growth, according to the Resolution Foundation. Since 2001 average pensioner income has grown so that now a typical pensioner household is £20 a week

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Spring Budget 2017

Introduction Chancellor Philip Hammond described his first and last Spring Budget as one that “takes forward our plan to prepare Britain for a brighter future”. The economic forecasts outlined by the Office for Budget Responsibility (OBR) were broadly in line

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Making Tax Digital

Firms prepare for Making Tax Digital Businesses will be given at least 12 months to prepare for the transition to digital tax accounts. Businesses, self-employed people and landlords will need to submit quarterly updates to HMRC and keep their records

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Autumn Statement 2016

Autumn Statement 2016 – Download AutumnStatement2016_PWAS.pdf – Click to download this article as pdf file.

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Inheritance tax and the residence nil-rate band

A detailed guide to the residence nil-rate band for inheritance tax. The rise in property prices throughout the UK means that even those with modest assets may find that their estate exceeds the £325,000 nil-rate band for inheritance tax (IHT).

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VAT after Brexit

What could happen to VAT after the UK has left the European Union? On 23 June 2016, the British public voted in one of the most important referendums of modern times. The public’s decision to leave the EU will have

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Employee Benefits and Rewarding Staff

A guide to rewarding your staff and the tax treatment of employee benefits. Many of us do not really think about the commitment that employees make to their employers in terms of time. The average 9 – 5 worker with

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