The new Chancellor of the Exchequer, Jeremy Hunt, has delivered his Autumn Statement to the House of Commons against a backdrop of a worsening cost of living crisis and with confirmation from the Office for Budget Responsibility OBR that the UK has now entered into a recession. The OBR has stated that the economy is

The Exclusivity Terms for Zero Hours Workers (Unenforceability and Redress) Regulations 2022, which were laid before Parliament in draft form in July 2022, will now come into force on 5 December 2022. The regulations will extend the current prohibition on exclusivity clauses in zero hours contracts to cover those low-income workers who are working under

The SA302 tax calculation and tax year overview documents are commonly used as evidence of income for loan or mortgage purposes for the self-employed. The forms have become more widely used since the mortgage rules have required proper evidence of income for the self-employed. The SA302 shows the breakdown of the income returned on the

The government has announced that there will be an extra bank holiday in 2023 in honour of the Coronation of His Majesty King Charles III. The extra bank holiday will fall on Monday, 8 May 2023, following the Coronation on Saturday, 6 May 2023, and it will take place across the UK. This does not

1 November 2022 – Due date for Corporation Tax due for the year ended 31 January 2022. 19 November 2022 – PAYE and NIC deductions due for month ended 5 November 2022. (If you pay your tax electronically the due date is 22 November 2022.) 19 November 2022 – Filing deadline for the CIS300 monthly

Many business owners will be aware of the difference between one-off sales and services that are generally described as recurring. For example, you may sell a laptop (a one-off sale) and then bolt on a support contract (a recurring sale). The advantage of recurring income streams is that they not only impact your current sales

The Let Property Campaign provides landlords who have undeclared income from residential property lettings in the UK or abroad with an opportunity to regularise their affairs by disclosing any outstanding liabilities whether due to misunderstanding the tax rules or because of deliberate tax evasion. Participation in the campaign is open to all residential property landlords

Many business owners are driven by sales targets. To secure these, many are tempted to offer extended payment terms. This can be a dangerous strategy. There is a well-worn cliché in business that cash is king. Your business only has choices – regarding the sales it makes – once your customers’ money is in your bank

The government has announced a new online service to provide employers with tools to support and manage employees with disabilities or health conditions at work. The early test version of the Support with Employee Health and Disability service is now live online, and it provides free advice for employers, in a Q&A format, on how

It would seem that energy costs need our attention this winter. Costs of gas and electricity remain high, and while we cannot directly influence the rates per kilowatt hour we are paying, we can take a serious look at strategies to reduce the volume of gas and electricity we are consuming. There would seem to