In today's business environment, efficient cash flow is essential. One of the key factors that will influence your cash flow is the timely payment of invoices. To ensure prompt invoice payments, you can adopt several best practices and leverage the benefits of offering a "pay now" option...
High earners in Scotland will now pay up to 5% more tax than those earning the same amount in the rest of the UK. What does this mean for individuals and businesses?
HMRC will have a new set of powers from the 1 January 2024 that will require digital platforms to supply the details of individuals who are providing services or selling goods including those who operate small businesses, second-hand sellers, freelances, delivery drivers, taxi drivers and property owners.
Digital technology is crucial for businesses to succeed, however many are struggling to adapt to the digital world, which can cost money. Here, Andrew Hemmingway, looks at how you and your business can survive and thrive in the digital age...
Succession planning is a vital process for any agricultural business to ensure the business continues to be successful for the younger generation, whilst allowing the current owners the ability to step back. But when should you be starting to think about putting a plan in place?
While there was little of specific interest for agriculture in the recent Autumn Statement, there were some announcements in the Chancellor’s raft of new measures that may impact farm businesses. In other areas – notably Inheritance Tax - (IHT) announcements that were speculated did not materialise.
The main headline from the Autumn Statement was the announcement that the Government will reduce National Insurance Contributions for both the employed and self-employed.
The big news around the Autumn Statement was the cuts to National Insurance (NI), which impacts both employees through their class 1 contributions but also the self-employed. The Chancellor recognised the important work undertaken by the self-employed and wanted to simply the tax system for them.