The best way to stimulate economic growth is for government to stop legislating and step aside, allowing businesses to embrace the benefits of the flexible workforce and contractors and freelancers the freedom to contract. HMRC is meddling in the legal system with IR35 and people should have the ‘freedom to contract’, the freedom to agree
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Tag Archive for Accounts & tax
Hot Business News Today
Working from home and tax relief for employees
by Ben Lobel • • 0 Comments
Over the past ten years the evolution of technology has opened doors to new working opportunities for employees. It was not that long ago that mobile phones were the size of a brick. Now emails and the internet can be accessed on the move. However, while technology has moved on, travelling to work has become
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R&D tax credits: A boost for small businesses
by Ben Lobel • • 0 Comments
A survey of 247 UK business leaders by R&D tax credit consultancy ForrestBrown assesses companies’ appetite for innovation, and barriers affecting decision making. Of those that had claimed, 40 per cent directly increased R&D activity as a result, 60 per cent sustained R&D activity, 62 per cent hired new staff and 24 per cent reinvested the funds into new manufacturing processes,
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Five things to consider before accepting payments
by Ben Lobel • • 0 Comments
As a small business owner, the topic of online payments processing security may not necessarily be at the top of your priority list. However, in this increasingly digital day and age, it is becoming an ever more important part of running a business, with simple improvements making all the difference. Here are five things that
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Tax relief: Avoid the two common pitfalls that can disqualify you
by Ben Lobel • • 0 Comments
There are many reasons why entrepreneurs start a company and although making money isn’t always at the top of their list, it’s definitely a big factor. The government wants to encourage the creation of start-ups and, presumably in return for all the risks and hardship entrepreneurs will encounter along the way, offers incentives in the
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Is it worth hiring an accountant as a small business?
by Ben Lobel • • 0 Comments
As a business owner, there are plenty of things demanding your time and money. If it’s not one thing, it’s the other. Choosing where to invest your often-limited resources is a never-ending problem. One such area is the accounts. Should you hire an accountant, or are you perfectly capable of doing them yourself? Is an
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Small businesses feel they’re getting a raw deal on tax
by Ben Lobel • • 0 Comments
SMEs becomes liable for corporation tax when they change from being a sole trader to a limited company, yet many business owners are struggling to calculate the correct level of tax due, finds a study by FreeAgent. Seven in ten (71 per cent) UK micro-business owners in the UK feel that larger businesses benefit more from
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Expenses fraud: Haven’t we heard it all before?
by Ben Lobel • • 0 Comments
The topic is of expense fraud is nothing new. It’s approximately eight years since the MP’s expense fraud first hit the headlines and as recently as March of this year the media reported that Labour MP Simon Danczuk has been ordered to repay £11,000 in previously-claimed expenses. When reading about these high-profile cases, the resulting
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Don’t get your fingers burned on VAT tax issues
by Emily Coltman • • 0 Comments
The Great British Bake Off (GBBO) is back for another season, which means the coming months will be filled with talk of Baked Alaskas, intricate displays of icing and epic cake-making skills. But if the expertise on display in the GBBO kitchen inspires you to start your own cake-making or catering business, did you know
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Will digital tax put people off starting a business?
by Ben Lobel • • 0 Comments
The upcoming digital tax proceedings mean that all business owners in the UK will be required to make submissions online – but there is evidence that many small business owners are not sure what the process to follow is. Such changes, and additional administrative requirements, may put people off starting a business, according to Lee Murphy, founder of Pandle. He
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