It’s widely reported that 60% of small businesses in the UK fail within the first three years, with poor financial management being a major contributing factor. Therefore, accurate bookkeeping is…
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Managing stock in a busy pub can be a challenge, and losses can add up quickly and affect your bottom line. Keeping track of where and why stock is going…
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As we prepare for the new fiscal period in April 2024, staying proactive and well-informed about payroll changes is paramount for businesses of all sizes. After this year’s Spring Budget,…
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Yesterday, Jeremy Hunt delivered the 2023 Autumn Statement, his third fiscal announcement as Chancellor of the Exchequer. Following the OBR’s recent confirmation that inflation has halved since January, the statement…
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As of the 1st of February 2023, HMRC stopped sending receipt letters for VAT option to tax (OTT) notifications. They will, however, continue to send an automated email reply to…
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On the 19th of December, the Exchequer Secretary to the Treasury, James Cartlidge, laid out plans to extend the alcohol duty freeze in line with reforms taking place in August…
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As we celebrate the New Year, HMRC will be welcoming a new penalty system for the late filing of VAT returns, amongst other changes… On the 1st January 2023…
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Despite previous decisions to cancel the increase, it has been confirmed that the main rate of corporation tax will go up to 25%. In the September mini budget, ex-Chancellor Kwasi…
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In November, Jeremy Hunt announced upcoming changes to income tax, most notably a reduction of the threshold at which people are required to pay the additional income tax. When Chancellor…
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The government has decided to make the £1,000,000 limit for the Annual Investment Allowance permanent, eliminating plans to reduce it to £200,000 in April 2023. The Annual Investment Allowance (AIA)…
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