Since early 2012, ABS (Alternative Business Structure) licences have been granted by the Solicitors Regulatory Authority in England and Wales. Nearly 12 years later, the introduction of a similar relaxation in Scotland may be about to happen later this year.
Your finance systems are essential for the smooth running of your business. They help you track your income and expenses, manage your cash flow and help you make more informed financial decisions. But are your finance systems fit for purpose? Are they efficient and effective?
The apprenticeship levy applies to all employers. It allows businesses to provide training tailored to their needs and upskill employees, providing greater employee engagement and loyalty.
It is dangerous to assume that 100% Agricultural Property Relief (APR) or Business Property Relief (BPR) will apply to every asset that is passed on in a modern farming business. There are many cases where HMRC has argued that part of a farming business is chargeable to Inheritance Tax (IHT).
The Farm Safety Foundation, also known as Yellow Wellies, exists to support the physical and mental wellbeing of the UK’s farmers. Stephanie Berkeley explains that poor mental health is one of the biggest hidden problems facing the industry but there is help out there.
Employers have a legal responsibility to pay anyone aged 23 or over at least the National Living Wage, and to pay anyone younger at least the National Minimum Wage (NMW), the amount of which varies depending on age and employment status.
Car dealerships across the UK are being targeted, and subsequently investigated, for suspected tax evasion. Here are some steps you can take to help mitigate the impact of an HMRC enquiry.