A new “start-up” visa will make it easier for entrepreneurs to set up a business in the UK, according to the Home Office.
VAT is arguably one of the most confusing areas of tax – which is why many business owners will run into complications when it comes to keeping on top of their VAT requirements and responsibilities.
In recent days, a hospitality sector trade body has said that the UK’s tax system is “completely inadequate” for the digital age and that more needs to be done to bring tax up-to-speed with modern trends.
The Federation of Small Businesses (FSB), which represents around 160,000 small and medium-sized enterprises (SMEs) in the UK, has called on big businesses to end the practice of late payments once and for all.
A Hertfordshire firm of bookkeeping specialists is urging entrepreneurs not to let the onerous administrative requirements of VAT returns bog them down and take them away from focusing on the running of their businesses. Hitchin-based Modina issued the warning just months before a major overhaul of the UK’s system of VAT returns comes into effect[…]
HM Revenue & Customs (HMRC) has managed to save unsuspecting taxpayers an estimated £2.4 million through its efforts to abolish costly telephone scams, a new report suggests.
A bookkeeping firm has warned business owners not to overlook the importance of having management accounts in place. Hitchin-based Modina warned that businesses that overlook management accounts could miss out on important opportunities for growth. “Management accounts are a monthly ‘health check’ for businesses,” said Sharon Mordacai, Managing Director at Modina. “The information they provide[…]
The Government is carrying out a review on how to encourage more businesses to invest in “tried and tested” technologies, such as cloud accounting, mobile technology and e-purchasing.
The Government will launch a consultation into the taxation of private sector contractors, it has been announced.
The Government has posted new and improved advice to help taxpayers avoid scam emails and how to report fraudsters to the relevant authorities ahead of the upcoming GDPR.