Strong doubts have been raised over the current Making Tax Digital (MTD) timetable. HMRC launched its flagship digitisation scheme in 2015-16, intending to move tax systems and records to a modern management platform by 2020. The aim was to maximise tax revenue, make sustainable cost savings and improve customer service by modernising systems for VAT,…
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Creative solutions to raise finance as interest rates remain high
The current high interest environment can pose expensive challenges for businesses using traditional financing methods. Bank loans still make sense for some companies; however, there are plenty of alternative finance options. Being open to innovation and thinking creatively can help businesses access funding while minimising the impact of high interest rates in their financial endeavours.…
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Calls for wage restraint amid record growth
Earnings growth hit 7.3 per cent in the three months to May – the joint highest level on record. According to the Office for National Statistics (ONS), public sector wages rose 5.8 per cent in the three months to May while earnings in the finance and business services sector leapt by 9 per cent. In…
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Online hub launched to help limited company directors
A one-stop information portal has been set up to help directors make crucial business decisions. The director information hub was launched by the Insolvency Service, providing advice and support regarding statutory obligations and potential financial pitfalls. Who is it aimed at? The hub hosts guidance and information on a range of business themes and is…
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