What does Labour election victory mean for your financial plans? There may be potential changes to tax and allowances but a good financial plan will be well-placed to adapt.
With a challenging economic backdrop of ever-increasing business costs, higher interest rates, constraints in attracting and retaining talent, supply chain challenges, fluctuating exchange rates and cash flow concerns, many businesses are understandably concerned about the impact this will have on their ability to grow and innovate.
When it comes to the audit of a group of companies in the UK, the UK parent company can make a statutory guarantee, to its subsidiary or subsidiaries to reduce the overall audit scope. But what are the benefits and risks?
The majority of family and owner-managed businesses are concerned about inflationary pressures on costs over the next 12 months, according to the latest survey by Armstrong Watson. How will businesses look to nagivate cashflow and fund their growth?
Hospitality businesses need to prepare for new rules that are due to come into force to ensure all ‘qualifying tips’ given by customers are fairly and wholly distributed to qualifying employees and agency workers.
Holiday let owners braced for increased tax bills now face a period of uncertainty about when - and if – the favourable Furnished Holiday Letting regime will be axed.
Changes to simplify holiday entitlement and holiday pay calculations have been introduced to protect part-year workers, and those working irregular hours or on zero-hours contracts. This is particularly relevant to those in hospitality leisure and tourism, agriculture and the charity sector.
A string of changes for businesses and individuals are now in force and it is vital to consider how they will impact you and your business when it comes to your financial planning for the new fiscal year.
All businesses, regardless of size, are required to report taxable benefits in kind and certain expenses provided to employees and directors. This is done annually through a P11D form submitted to HMRC.