Business news
Every working day, we’ll publish one story on the hottest tax, business or personal finance developments. From mortgages to inheritance tax, from Making Tax Digital to IR35, if there’s something occurring that will effect our clients, we want to make sure they know about it without having to wade through government papers or press releases. If you want to know more about the implications of any of these stories on your financial situation, get in touch – we’re always happy to talk.
UK inflation hits 40-year high of 9%
Macroeconomy now businesses’ number one concern.Regular pay tumbles in first quarter of 2022
Only growth in bonuses keeps total pay growth positive.GDP fell by 0.1% in March 2022
Fears of recession as monthly GDP contracts.Over 65,000 file self-assessment on first day
Almost 300,000 more than the first tax day of 2018.Companies House powers strengthened
Government aims to tackle abuse of limited partnerships.BCC calls for emergency budget
Budget demanded due to rising costs for businesses.Bank of England increases interest rates to 1%
Rates rise marks fourth increase in a row from record low.SMEs not ready for MTD, accountants say
Businesses also unaware of other Government schemes.Interest on late taxes raised to 3.5%
Move by HMRC follows increase in basic interest rate.Majority of SMEs not ready for MTD
SMEs outside of London are not as prepared.
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