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How much is my business worth?

This is a question many of our clients want answering! The truth is it depends on a range of factors and any valuation is only useful as a guide for planning forwar

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£39m collected through confiscation notices

HMRC has confiscated assets worth almost £39m through forfeiture notices in 2021-22 which is a £35m increase from the £4.8m collected the year before

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HMRC reminds businesses to get ready to move to customs IT platform

HM Revenue and Customs (HMRC) is writing to businesses to tell them about a change to the UK’s customs systems

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Business resilience in tough times

Millions of households are facing a rise in energy costs, alongside increases in the cost of council tax, water bills and other utilities and there is a warning of fresh energy bill price rises in October

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New law to resolve remaining COVID-19 commercial rent debts now in place

A new law is now in place to help resolve certain remaining commercial rent debts accrued because of the pandemic

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Government pledges major increase in electric car chargers by 2030

Electric vehicle owners will have access to 300,000 public charge points by the end of the decade, the government has said.

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Treasury to regulate cryptocurrency stablecoins

The Treasury has announced that it intends to recognise stablecoins as a valid form of payment as part of wider government plans to 'make Britain a global hub for cryptoasset technology and investment'.

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New tax year ahead

Employers running payroll need to report to HM Revenue and Customs (HMRC) on the previous tax year (which ends on 5 April)

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Hospitality VAT returns to 20%

Many in the hospitality sector were hoping that the Chancellor would extend the 12.5% reduced rate that has applied since 1 October 2021 but, as scheduled, the rate has reverted to 20% from 1 April 2022.

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Plastic Packaging Tax comes into force

The UK government will introduce the Plastic Packaging Tax (PPT) on 1 April 2022

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Less than one week to go for Making Tax Digital

Businesses have less than a week to prepare for Making Tax Digital (MTD) for VAT becoming mandatory for VAT-registered businesses on 1 April

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BCC calls for Spring Statement to tackle cost of doing business

The British Chambers of Commerce (BCC) has urged the Chancellor Rishi Sunak to take 'bold and decisive action' in his Spring Statement in order to tackle the cost of doing business crisis.

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MTD brings in £195m more tax

An estimated £195m extra tax revenue has been brought in through businesses using Making Tax Digital (MTD) for VAT reveals research from HMRC

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More than 80% of impacted businesses unaware of MTD changes

With just one month to go until the rollout of the Making Tax Digital (MTD) for VAT extension, 82% of eligible businesses that are yet to comply are still unaware of the impending deadline

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Businesses urged to apply for remaining COVID-19 support grants

Businesses are being encouraged to apply for remaining coronavirus (COVID-19) grant funding from local authorities.

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Government scheme gives discounts of up to £5,000 on accounting software

The government's Help to Grow: Digital scheme – designed to support smaller businesses in adopting digital technologies – has opened for applications.

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Changes to VAT penalty regime delayed until 2023

The government has announced plans to delay the introduction of penalties for late submission of VAT returns

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Covid-19 support grants must be included on company tax returns

HMRC is urging tax agents and accountants to remind their clients that Covid-19 support grants or payments are taxable and should be declared on their company tax returns

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Bank of England issues cryptocurrency warning

The Bank of England (BoE) has warned that fast-growing cryptocurrency assets could endanger the UK's financial system.

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£1bn support package for businesses hit by omicron

The Chancellor has announced a £1bn support package including grants for the hospitality sector and a sick pay rebate scheme as omicron variant spreads

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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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