7-tips-to-avoid-a-cash-flow-crisis
Tax Saving Accountants

7 Tips To Avoid A Cash Flow Crisis

Keeping track of what money is coming in and going out of your business is essential. Whilst cash flow and profits are both crucial aspects of a business – they should not be confused as they’re not the same. Cash flow vs. Profit The difference between the two is the difference between success and bankruptcy. […]

Tax Saving Accountants

Report Reveals UK Tax Burden 18 percent higher than Global Average

The UK tax burden as a share of the economy is close to a fifth higher than world averages, which may impede growth and stifle entrepreneurship, a new report has claimed. Tax revenue is 32.9% of the GDP, compared to 27.8% which is the worldwide average. This makes the tax level in the UK several […]

Tax Saving Accountants

Labour Planning a Crackdown on “unfair tax breaks”

The UK Labour Party has promised to crack down on unfair tax breaks, which are used by private-equity and hedge funds, in an attempt to win over voters before the election in May. Labour has also reiterated its plants to introduce a levy for bankers’ bonuses, which would see funds going towards a youth employment […]

Tax Saving Accountants

Parties are Clashing on Top Tax Rate for Election 2015

Both parties are clashing on top tax rate, and Labour recently called on the Conservative Party to promise not to lower the top income tax rate if it wins the election. George Osborne responded by saying he had no plans to do so, but also refused to completely rule the move out. In 2013 the […]

Tax Saving Accountants

Annual Tax Returns will be Phased out in the UK in Within the Next Five Years

George Osborne, Britain’s Chancellor of the Exchequer recently announced on March 18 during his Budget 2015 speech, that annual tax returns will be phased out within five years. Instead, HM Revenue and Customs (HMRC) the United Kingdom’s tax regulator, will be making it much easier for a new company to register and sign up for […]

Tax Saving Accountants

David Cameron promises sweeping tax reforms

During a well-received speech at the Conservative Party conference in Birmingham, David Cameron has promised a personal income tax allowance for £12,500, and to raise the 40p tax threshold to £50,000. The Prime Minister said that the move would mean that most minimum wage workers would pay no tax whatsoever. Some 30 million taxpayers would […]

Tax Saving Accountants

UKIP set to unveil income tax reforms in party conference

UKIP is set to unveil far-reaching reforms to income tax – with those earning as much as £55,000 set to pay 35p of tax for every £1, instead of 40p. Led by Nigel Farage, the controversial party has received a surge of popularity recently. On Friday, it is set to announce that it would raise […]

Tax Saving Accountants

How would tax rates be affected by Scottish independence?

The story that has been on everybody’s lips has been Scottish independence – and whether there’s a Yes or a No vote, there could be tax changes afoot. If Scotland decides to go it alone, Holyrood would be able to decide its own income tax rates, not to mention VAT and corporation tax. Lowering the […]

Tax Saving Accountants

HMRC ‘should be banned from misleading Parliament’

HMRC has been accused of misleading Parliament, its MPs and the public after it inaccurately suggested it was collecting billions of pounds in extra taxes. One expert, Sir Andrew Dilnot, wants the taxman to be banned from confirming how much revenue it collects in the wake of the scandal. In the 2011/12 tax year, as […]

Tax Saving Accountants

As self-employment hits record, entrepreneurs warned to get their taxes in order

Professionals who are going self-employed for the first time are being warned to make sure that they are fully prepared to pay tax. The number of people who work for themselves is at a record high in Britain – with 4.5 million now proud to call themselves their own boss. All in all, the central […]

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