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According to a new study, almost half (46%) of SMEs in the UK admit to having a “very poor” understanding of the government tax relief available to them. This means a huge number of small [...]

Almost £250 million of expenses are not being claimed by micro-businesses in the UK each year because business owners don’t think they’re worth claiming. The quarter of a billion pounds equates [...]

Probate fees could soar to up to £20,000 for the highest-value estates under new proposals announced by the Ministry of Justice. This fee would be almost 130 times the current level. Currently, [...]

Entrepreneurs can choose from a number of different trading vehicles each with its own advantages and disadvantages. Potential liability issues should always be a major factor when considering [...]

From the deal struck with Google to the Panama Papers revelations, the tax affairs of big businesses and the rich and powerful have rarely been out of the headlines in recent months. As HMRC [...]

The Administrative Burdens Advisory Board (ABAB) has expressed concerns over the implementation of digital record keeping and quarterly reporting for small businesses. In its latest report, the [...]

Incorporated businesses have been coming under fire from the current government since 2014. That year’s autumn statement meant that from 3rd December 2014, small businesses were disallowed [...]

The 2015 budget included several tax changes with major long-term implications for small businesses. One of these concerned the issue of dividends. All taxpayers now have a tax-free allowance of [...]

Who is eligible to pay Scottish income tax? As of April 2016, Scottish taxpayers will pay the Scottish rate of income tax (SRIT), which will be charged on non-savings and non-dividend income. [...]

Certain employers will attempt to reduce the amount of tax they pay by entering tax avoidance schemes. All intermediaries or advisers responsible for assisting businesses with their taxes have a [...]