Letters have been sent out to individuals listed as ‘Persons of Significant Control’ (PSC), urging them to check and, where necessary, correct their tax returns.
The significance of ‘One To Many’ letters from HMRC
SME
Capital Gains Tax: What do you need to know?
Capital Gains Tax (CGT) is a tax applied on the profit you receive when disposing of an asset.
Avoiding obstacles with the Construction Industry Scheme
Under the Construction Industry Scheme (CIS), contractors take money from a subcontractor’s payments and send it to HM Revenue and Customs (HMRC).
Supporting staff through the cost-of-living crisis
Many UK employers are topping up pay packets of valued employees with a cost-of-living payment when they are unable to offer a pay rise.
33,000 new loans available for small businesses
An £884 million loan scheme for new businesses is to be expanded, it has been revealed.
How can SMEs handle the cost of living crisis?
The current cost of living crisis in the UK has already seen the economy decline, with customers saving money and consuming less.
Hard pressed SMEs struggling with cashflow challenges
A huge majority of small businesses are ploughing more money into their business than they are taking out for a least one month of every year.
Open banking allows accountants to deliver added value for clients
A new survey has found that more and more SMEs are turning to open banking to make their businesses more efficient, a move that offers accountants opportunities to deliver added value to clients.
Small but mighty: the SMEs powering the UK economy
Small and medium-sized businesses (SMEs) contribute massively to the UK economy, accounting for more than £2 trillion in turnover, new research has revealed.
Jubilee provides extra bounce as business revenues on the rise
A royal Platinum Jubilee bounce is helping drive UK business ahead, as 60 per cent of SMEs expect to see a lift in revenues this quarter.