Explaining pre-pack administration
When a business has entered insolvency (a financial situation when a company is unable to pay its debts), pre-pack administration will play a key part in its closure. It enables…
read moreWhen a business has entered insolvency (a financial situation when a company is unable to pay its debts), pre-pack administration will play a key part in its closure. It enables…
read moreRunning a business can be incredibly rewarding but at some point, owners will come to a stage where they no longer want to keep trading. This could be due to…
read moreCapital Gains Tax (CGT) not only applies to property but also to any asset which is sold and has increased in value from when it was first purchased. Items such…
read more‘Success’ can look very different from one business professional to the next. One common indicator can be the amount of money being earnt, with many striving to earn as much…
read moreIn April 2016, new regulations were introduced allowing employers to provide 'trivial benefits' to employees without reporting them to HMRC. But what constitutes a trivial benefit, and how do you…
read moreA Benefit in Kind is a non-cash perk provided by an employer to an employee. These benefits can vary widely, with one of the most notable being a company car.…
read moreNational Insurance (NI) is a government initiative where contributions are paid by employers, employees and self-employed. The payment is used for various state benefits and services such as the NHS…
read moreSelf-assessment tax is the amount of money an individual has to pay to HMRC. It is calculated based on the assessment of their income, deductions, and tax liabilities for a…
read moreApril has bought a change in the national living wage; it has risen from £10.42 to £11.44 per hour. This applies to anyone who is 21 and over. The changes…
read moreBusinesses are continually looking at ways to implement initiatives which save both time and reduce costs. If we look solely at accountancy firms, over the past 3 years there has…
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