The High-Income Child Benefit Charge (HICBC) is a tax that affects households where at least one person with parental responsibility has a taxable income exceeding £50,000. This charge applies regardless of who in the household receives the child benefit, and … Continue reading
Why companies fail to pay the National Minimum Wage and how to avoid the same mistakes
The Government recently named over 200 companies for failing to pay the national minimum wage (NMW). The list includes firms of all sizes and various sectors. Some notable brands include WH Smith, Argos, and Marks & Spencer. Those named were … Continue reading
Are banks supportive of SMEs and willing to assist their growth?
Small and medium-sized businesses (SMEs) have struggled to access finance from banks for a while, with many having to turn to alternative lenders and sources to secure much-needed funding for investment. However, the scale of this issue has not previously … Continue reading
Time to exit: New research shows many business owners are planning ahead
New research from wealth management firm Evelyn Partners has revealed that the majority of business owners with companies that earn more than £5 million annually are preparing for an exit. With 65 per cent of UK business owners contemplating the … Continue reading
Management accounts: The importance of having a clear view of your business during uncertain times
In times of economic uncertainty, businesses should have a clear plan to ensure that they can navigate any potential financial pitfalls. One of the best ways businesses can do this is with the use of management accounts. What are management … Continue reading
