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Get up to speed with new off-payroll working rules

Ahead of the introduction of the new off-payroll working rules, HM Revenue & Customs (HMRC) has published a factsheet outlining the changes and what they mean for small businesses.

One in five workers looking to start a business in 2020

According to new research by accounting software provider FreeAgent, one in five (22 per cent) UK employees plan to become their own boss during 2020.

Small businesses “do not trust” Open Banking software

File tax return now to avoid “unnecessary penalties”, says HMRC

With less than one month to go until the Self Assessment deadline, HM Revenue & Customs (HMRC) is reminding taxpayers of their legal responsibilities.

Living wage increase “four times rate of inflation”

The National Minimum and Living Wage will increase from 01 April 2020, the Government has confirmed.

HMRC winding up petitions reach four year high

According to the latest official figures, the number of companies that were wound up last year following intervention from HM Revenue & Customs (HMRC) reached the highest level for four years.

SME Health Check shows positive signs in the third-quarter of 2019

The latest Small and medium-sized enterprise (SME) Health Check Index has shown recovery from the second quarter of 2019, with business confidence increasing.

Businesses urge Government to negotiate post Brexit trade deals

Businesses are urging Prime Minister Boris Johnson to begin negotiations on the terms of the UK’s future relationships with the European Union (EU) after Brexit.

A quarter of SMEs fear they will go bust within five years

According to research from accounting software platform Xero, a quarter of small business owners believe their company will go bust within the next five years.

VAT receipts rise to record £133 billion

The amount of VAT collected in the last 12 months has risen to a record £133 billion, with a significant contribution from the retail and wholesale sectors.

Fall in number of arrests for tax evasion

According to industry figures, the number of people arrested in the UK on suspicion of tax evasion has reached the lowest level for five years.

A tax guide for SMEs