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Helping your business become more sustainable

After some of the hottest temperatures seen on record recently we are reminded about global warming and how small businesses can help our country drive towards net zero.

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Take control of your business!

We were finally getting over the financial crisis when Covid struck. Then, in the trough of the worst economic downturn in 300 years, we discovered that recovery was driving the Financial Times Stock Exchange (FTSE) to new heights and the job market into a frenz

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Growth figures revert to positive at 0.5%

Gross domestic product (GDP) grew by 0.5% in May 2022, after a decline of 0.2% in April 2022

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MTD for income tax – Quarterly information to be reported by businesses

Making Tax Digital (MTD) for Income Tax will apply to sole traders, property landlords and certain other businesses with gross turnover and/or property income over £10,000 a year and will commence in April 2024

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Employers: make sure your contact details are up to date for The Pensions Regulator

The Pensions Regulator (TPR) writes to you as an employer to keep you up to date with the automatic enrolment tasks you need to complete and when they need to be completed

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First Plastic Packaging Tax returns due this month

Businesses that are now liable for the Plastic Packaging Tax (PPT) will need to file their first returns this month.

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The Fourth Industrial Revolution

The fourth industrial revolution is being driven by technology such as high-speed mobile internet, artificial intelligence, automation, cloud technology and big data analytics.

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Are you an Innovative Business?

Innovation has generally been recognised as essential for value creation, both for individual companies and for the UK economy as a whole

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P11D and P11D(b) filing and payment deadlines

It’s important to tell HMRC about any Class 1A National Insurance contributions that you owe for the tax year ending 5 April 2022 by 6 July 2022 at the latest

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Tax gap remains steady at 5.1%

The estimated tax gap for the 2020/21 tax year is 5.1% – the second lowest recorded percentage – and is unchanged from the previous year, according to the latest data from HMRC.

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Deadline to use paper £20 and £50 banknotes

The Bank of England will be withdrawing legal tender status of the old paper £20 and £50 banknotes at the end of September

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COVID-19 emergency loan schemes may have saved 500,000 businesses

The government's coronavirus (COVID-19) emergency loan guarantee schemes may have saved between 150,000 and 500,000 businesses, according to research from the British Business Bank (BBB).

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£1.5k plug-in grant for electric cars scrapped

The government is withdrawing the plug-in grant for cars scheme, which offered discounts on low-emission vehicles, to focus on charge points

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UK companies trial four-day working week with same pay

A four-day week with no loss of pay is being trialled at dozens of companies across the UK

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HMRC urges businesses to move to new customs IT platform now to continue trading

HMRC is urging businesses to move to its new customs IT platform now to continue trading

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New powers introduced as HMRC targets till fraud

HM Revenue and Customs (HMRC) officers have visited businesses across the country and arrested 3 people in a day of action after new powers were introduced in the fight against till fraud.

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Advisory fuel rate for company cars

Unbelievably there were very few changes to the HMRC advisory fuel rates from 1 March 2022, which may not have been your experience at the filling station!

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Don’t forget to claim the Employment Allowance

The Employment Allowance (EA) is a £5,000 allowance set against employers National Insurance Contributions (NICs) and has to be claimed each tax year if the employer qualifies

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Chancellor promises tax cuts for businesses

In a speech to the Confederation of British Industry (CBI) Chancellor Rishi Sunak has promised tax cuts for businesses in the Autumn Budget

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Cash Flow management is key in a turbulent economy

Cash flow and business planning in these uncertain times may appear difficult but there are some practical steps you can take

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How can we help you?

Brearley & Co Accountants are pleased to offer a free, no obligation, initial consultation with one of our experts who will be happy to discuss your business needs and how we can help you.

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