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Keeping you up to speed with industry news, views and analysis.

How Can You Benefit From The Cycle To Work Scheme

The cycle to work scheme is a government initiative introduced in the Finance Act of 1999 to reduce pollution and enable and sustain healthier journeys to work.

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Self-Employment Tax: 5 Things You Should Know

Being a self-employed individual comes with its perks, like working where from where you like, when you like, and doing what you love. It also comes with unique financial responsibilities, however, including paying wages, business expenses, and paying your own taxes.

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How Do You Get a Tax Extension?

The dreaded tax season is upon us again. And what better time to learn about your possible courses of action in the off chance that you seem to be missing your deadline? While getting a tax extension itself is debatable, there are a few steps you can take to appeal to HMRC for not paying the late fine or if you wish for an extended tax deadline.

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International Business Entry in the UK: Eight Things Overseas Companies Should Consider

The World Bank ranks the UK amongst the top ten places for “Ease of Doing Business”. It scored above 90% in categories of “Starting a Business”, “Getting Electricity”, and “Trading Across Borders” respectively. This is followed by other amazing benefits such as “Dealing with Construction Permits”, “Resolving Insolvency”, and “Protecting Minority Investors” which are scored above 80%.

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A Tax Saving Plan for Small and Medium Sized Businesses

The main difference between the tax you pay as an individual and the one you pay as a company is the way you factor in your expenses. When you get paid as an employee, you pay tax on your gross income. Your expenses as an individual come from your post-tax income. In the case of a company, however, its expenses can be deducted before any tax becomes due.

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Business Focus Newsletter

Trading loss. Cash flow gain?

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Benefits of Outsourcing Your Bookkeeping Services Highlighted by Ongoing Coronavirus Pandemic

The COVID-19 Pandemic has created a world of unknowns for businesses all over the world. All business owners have suffered different consequences, and have had to adapt to the new normal. Measures taken to combat the spread of the pandemic have resulted in a decline in business revenues, a shift in workplaces, downsizing of employees, and more.

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How to Prepare your Business for Tax Investigation

The yearly tax bill is quite intimidating as it is, the word investigation certainly does little to make it sound more approachable. The process through which HMRC decides which business to target for tax investigations can often lead to random selections. It is not uncommon for even the most cautious and prudent minds to feel a little uneasy at even the thought of HRMC going through each page of their finances.

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What Businesses Can Expect from the Brexit Changes

Brexit has disrupted much of the “way of things”, as it were, and while many people found a resolution to be a sign of relief, others knew it was just a sign of all the work to come. The UK is no longer part of the Single Market and Customs Union, which not only complicates shipping and exporting but puts more costs and expectations on businesses in the UK.

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