There are new grants available now for SME businesses in the West Midlands region. The Grant Programmes are open to businesses meeting the following requirements: SMEs (Less then 250 employees) Spend on the project(s) must NOT already have been incurred Existing profitable businesses (min. 12 months trading) Energy saving grant…
Government Targets £7.5 Billion in Unpaid Tax The government has announced plans to raise an additional £7.5 billion by stepping up efforts to close the tax gap – the difference between the tax HMRC expects to collect and what is actually paid. Figures published on 19 June show that £46.8…
The National Cyber Security Centre (NCSC) has published new guidance to help businesses identify and protect against the risks of holding sensitive personal information. The guidance can help you to understand what sensitive personal information is and identify any that your business holds. It also provides some principles that, if…
A benefit provided to a Director or employee that is considered ‘trivial’ and is therefore tax-exempt if all of the following conditions are met: Cost: The cost to you, the employer, must be £50 or less per benefit. Form of Benefit: It cannot be cash or a cash voucher –…
New Free HSE Tool Helps Employers Tackle Work-Related Stress To mark the occasion of Mental Health Awareness Week recently, the Health and Safety Executive (HSE) launched a free online learning module to help employers better understand and manage work-related stress in their teams. The new resource is part of HSE’s…
What could this mean for you? Last week, the tax minister responsible for HM Revenue and Customs (HMRC), James Murray, delivered a speech marking the 20th anniversary of HMRC. Previously, the UK’s tax authority was known as Inland Revenue. During the speech he highlighted some simplifications that are planned. Of…
The Future of Roads Minister, Lillian Greenwood, has confirmed that the plug-in van grant will be extended for another year. The plug-in grant means that businesses can obtain grants of up to £2,500 when buying an eligible small van up to 2.5 tonnes and up to £5,000 for an eligible…
The landscape of electric vehicle (EV) taxation is shifting, but EV owners can delay paying road tax by up to a year using a simple trick. With Vehicle Excise Duty (VED) changes coming into effect on 1st April 2025, understanding the implications and potential strategies is crucial. Understanding the VED…
Starting a business in the UK is an exciting venture, but it comes with financial, tax and accounting responsibilities that you must navigate effectively. Understanding what you will need to do from the outset will help make sure that you don’t miss anything, avoid unnecessary costs, and position your new…
As the UK tax year-end approaches on 5 April, it’s an excellent time for you to review your business finances and explore tax planning opportunities, particularly if you are self-employed. Tax planning can help you to reduce tax liabilities, boost your cash flow and put you in a stronger financial…