UK SMEs that hire accountants report higher revenue and lower stress levels
An interesting new study shows that small firms that use accountants boost their revenues by 11.5% on average. They also report lower stress levels!
Big gap between HMRC interest rate on late payments vs. refunds
In what one tax advisory calls the 'elephant in the room', there is a sizeable gap between the interest rate HMRC pays on late payments and the amount of interest it pays out on tax refunds.
How to get your new business website up and running
In 2024, a website is pretty much a prerequisite for a viable business. This article covers the best ways to get yours up and running as you start your small business.
Autumn Budget 2024 – How does it impact small business owners?
The autumn budget was one of the most anticipated in recent memory. Employers National Insurance is set to rise from April 2025, with inreases to CGT (including BADR) and other taxes. Read the key points here.
Members’ Voluntary Liquidations (MVLs) – what does the future hold?
The key tax benefits of an MVL are expected to come under the hammer in the Autumn Budget 2024, such as Capital Gains Tax (CGT) and Business Asset Disposal Relief (BADR), formerly Entrepreneurs’ Relief.
Virgin StartUp welcomes new mentors ahead of National Mentoring Day
One of the UK's most prominent business mentor networks, Virgin StartUp, has welcomed a new batch of high-profile mentors to its community ahead of National Mentoring Day.
What is the October 5th Self Assessment deadline and what happens if you miss it?
If you became self employed during the previous tax year, make sure you register for Self Assessment by 5th October to avoid HMRC penalties. What happens if you miss this deadline?
How many small businesses are there in the UK? (2024 data)
The latest business population statistics have been published. The data reveals some interesting facts and figures about the UK's small businesses.
Top driver for becoming self employed is the desire to “be my own boss.”
The biggest motivator for people to go it alone is the desire to be their own boss. We look at why now - in 2024 - is a great time to start a new business.
Online platforms must provide HMRC with sales reports on ‘side hustle’ businesses
If you make some extra money via a 'side hustle' - by selling online - you should be aware that digital platforms now share information about sellers with HMRC. You might need to pay tax on any profits you make - but it depends!