The Statutory Sick Pay (SSP) Calculator on the UK government website is a user-friendly tool designed to help employers accurately calculate the amount of Statutory Sick Pay owed to employees during periods of illness. SSP is a legal requirement in the UK, ensuring that eligible employees receive financial support when they are too sick to...

The VAT Number Validation Service provided by the UK government is an essential online tool for businesses that need to verify the validity of VAT (Value Added Tax) numbers. This service is particularly important for companies involved in VAT-related transactions, whether within the UK or across the EU. What Does This Service Do? This tool...

An EORI (Economic Operators Registration and Identification) number is a unique identifier assigned to businesses and individuals involved in customs activities within the European Union (EU). This number is crucial for customs declarations and ensuring the smooth movement of goods across EU borders. The EORI number validation checker, such as the one provided by the...

The CO2 and Vehicle Tax Tools provided on the UK government website are essential resources for vehicle owners, buyers, and businesses that need to understand the tax implications of their vehicles based on CO2 emissions. These tools are designed to help you quickly and easily access important information related to vehicle taxes, which are influenced...

The Chancellor, Rachel Reeves, has announced a significant review aimed at enhancing pension investments, increasing pension pots, and reducing waste in the pensions system. The review was highlighted in the King’s Speech, confirming a new Pensions Bill that could significantly benefit UK pensioners and the broader economy. Here’s an analysis of what the review could...

Last week King Charles delivered the King’s Speech. This is a speech traditionally delivered at the State Opening of Parliament and it sets out the government’s plans and priorities for the coming year. The Speech outlines the legislation that ministers of the new government aim to pass and while it’s delivered by the King, it’s...

HM Revenue & Customs have released a new tool designed to help businesses find out what VAT registration would mean for their business. your total taxable turnover exceeds £90,000 over the previous 12 months. you expect your taxable turnover to go over £90,000 in the next 30 days. you’re based outside the UK and supply...

So, the election results are in and the Labour party won the country’s mandate to form a new parliament. What could that mean for the tax you pay? Will there be an emergency budget? Labour will likely set out their initial plans in an ‘emergency’ budget. This is unlikely to happen before September or October...

The Welsh Government were excited to announce a significant milestone in its own mission to increase the number of employee-owned businesses in Wales. The number of such businesses in Wales has doubled, reaching 74 almost two years ahead of their 2026 target. While this initiative is partly aimed at keeping Welsh businesses in Welsh hands,...

On 1 October 2024, the Employment (Allocation of Tips) Act 2023 will come into effect, introducing significant changes to how tips are managed and distributed in the hospitality industry. This legislation aims to improve fairness by mandating that all tips, gratuities, and service charges are allocated fairly among employees. The new rules address longstanding concerns...

The deadline – 6 July – for reporting expenses and benefits to HM Revenue & Customs (HMRC) is rapidly approaching. It’s important for all employers to understand their responsibilities regarding this crucial tax form. Whether you’re a seasoned business owner or new to the world of employment taxes, we’re here to guide you through the...

Picture this: your business is booming, and it’s time to invest in some new equipment or a company vehicle. But with so many financing options out there, how do you decide which one of them is right for you? Let’s break down three popular choices – leasing, contract hire, and hire purchase – so you...

Shawbrook Bank recently conducted research that indicated that half of small business owners have had to raid their savings to fund their businesses. Their survey found that small businesses applying for finance from lenders over the last year said that it didn’t meet their needs. So, they were using savings and credit cards to provide...

As accountants, we are often asked about the financial and tax implications of buying a second home. Sometimes the pull of a country or seaside retreat might inspire you to think about having a second home. Or maybe you have spare cash or income and are wondering if a second home could be a good...