When you set up a business you don’t plan to fall out with your business partners. You don’t plan for one of you to be hit by a major health issues. You don’t plan for anyone deciding to take their foot off the gas and work fewer hours.
People seem to fall into two groups – those who see AI as a threat and those who are excited by its potential.
It’s never too early to start thinking about your pension. There are various parts to your pension income – your state pension and possibly auto-enrolment into a pension scheme offered by your employer and/or a private pension.
When it’s carried out by the Post Office on subpostmasters!
Do you have a nice little sideline selling on eBay, Vinted, Etsy or a similar platform? If you do, technically you are liable for tax on profits, where you are trading with the intent to profit. However, under the trading and property allowances, you’re not liable for tax until you make more than £1,000 of profit a year. This allowance applies to anyone selling goods, services or renting out property.
Crypto currency has always been a bit of a grey area when it comes to tax. Back in April 2021 we wrote a blog about how crypto gains are taxed. However, not everyone was aware of the tax implications of crypto gains.
The Autumn statement had a lot of fluff and didn’t please everyone (does it ever), but one positive for business people is the reduction in National Insurance deductions.
Did you know that, if you have employees or contractors from whom you make a CIS deduction, you should be paying a small levy to the Construction Industry Training Board (CITB)?
At present, the only people who know what you earn are your accountant, maybe whoever does your salaries internally and, of course, anyone you share this information with. But when the Companies House reforms kick in, your company profit and loss accounts will be there for everyone to see.
When a member of your team announces that they are to be a parent, it’s a cause for celebration, but when the cakes and non-alcoholic beverages have been consumed, there are some important issues to take into account.
Interest rates have been steadily rising over the last 18 months and they’re not likely to be going down any time soon. It’s easy to complain about the consequently rising costs of doing business, but there are some advantages that may help you to keep some of your hard earned money in your busine
There were murmurs that the lifetime allowance (LTA) for pensions would increase.
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