A report from the Organisation for Economic Co-operation and Development (OECD) has called on the UK Government to revive its plans to increase National Insurance Contributions (NICs) for the self-employed. Earlier this year, during the Spring Budget, the Chancellor of … Continue reading
Cybersecurity failings are rife amongst UK SMEs
UK-based SMEs are not doing enough to ensure the data they hold is secure, it has been reported. Findings from a newly-published report show that more than two out of three SMEs considered that there was room for improvement in … Continue reading
Dividend Tax changes set to hit small business owners and investors
Changes to the Dividend Tax regime, which will see the existing tax-free allowance fall from £5,000 to £2,000 from April next year, are set to hit small business owners and investors. The changes currently being considered by MPs as part … Continue reading
Students could be entitled to a tax refund as they head back to university
Students who have been heading back to university in recent weeks could be entitled to a helpful tax refund, according to HM Revenue & Customs (HMRC). Those who worked through their summer holidays may have been taxed through PAYE, as … Continue reading
Late payments damage the UK economy, research shows
Late payments are a headache that most small businesses are familiar with, but new research shows that late payments create problems for the economy as a whole. Figures published by the Department for Business, Innovation and Skills show that UK … Continue reading