Chancellor of the Exchequer, Jeremy Hunt, has set out his plans for the economy in his Autumn Statement, presented to the House of Commons on Wednesday 22nd November. Addressing the House of Commons, the Chancellor outlined proposals to grow the economy through boosts to productivity, and to … [Read more...]
News for: Accountancy
Business owners largely ill prepared for unexpected offers from corporate buyers, finds Azets
50% of business exits have stemmed from an unexpected approach from a buyer, however many business owners have failed to maximise shareholder value because they are ill prepared for the ‘tap on a shoulder’ approach, according to research by Azets. The top 10 accountancy firm's data is based on a … [Read more...]
Over £121 million in Self Assessment tax payments made since April using the HMRC app
Nearly 100,000 customers have made £121 million in Self Assessment tax payments using the HMRC app, according to the UK tax authority's latest figures. Between April and September 2023, 97,365 customers have used the app to settle their tax bill for the 2022 to 2023 tax year, with more than three … [Read more...]
Azets restructuring expert warns of insolvency risks facing construction sector
Many construction firms are on the ropes following a bleak picture of recent company insolvencies in England and Wales, warns a restructuring expert from professional services group, Azets. Nicola Clark, a Greater Manchester-based director in the firm's restructuring and insolvency team, … [Read more...]
Expert Opinion: Grow the power of your team
Ahead of the next Rise with Xeinadin breakfast seminar on 14th November, Hallidays HR Director Liz Chiva explains how you as the leader can build the right team and the ideal environment for it to grow. What’s the difference between a workforce and a team? If you think they’re roughly the same … [Read more...]
Expert Opinion: Positioning SMEs at the heart of the UK economy
Peter Gallanagh, UK CEO at Azets, the UK Top 10 accountancy group and specialist advisor to SMEs, explains the importance of small businesses to the UK economy and argues for them to be put front and centre to support the country's economic resilience. Employing more than 16 million people and … [Read more...]
HMRC warns Self Assessment taxpayers to be wary of scams
HMRC is urging Self Assessment taxpayers to look out for scams taking the form of texts, emails and phone calls from fraudsters impersonating the UK tax authority. In the 12 months to 2023, HMRC received over 130,000 reports about tax scams, including 58,000 claiming to offer tax rebates. … [Read more...]
Hurst signs up to relocate HQ to Grade A offices at 3 Stockport Exchange
Accounting and business advisory firm HURST are the latest business to sign a deal to move their head office to the popular Stockport Exchange development. 3 Stockport is the third stunning, high-quality 64,000 sq ft office building, which is currently under construction and due to be completed … [Read more...]
Tougher measures announced to tackle late payments to small businesses
The government has announced it will introduce tougher measures to address late payments to small businesses ahead the publication of the Prompt Payment & Cash Flow Review. Small businesses are particularly affected by late payment of invoices and long payment terms imposed by larger … [Read more...]
AAT warns of increased risks of money laundering under new Treasury proposals
The Association of Accounting Technicians (AAT) has warned businesses could be exposed to greater risks of money laundering under new Treasury proposals currently being considered in a public consultation. A public consultation launched in June 2023 on plans that would see a single private … [Read more...]
Two weeks remain to register for Self Assessment for 2022-23 tax year
HMRC is reminded those who are have to pay tax via Self Assessment for the first time for the 2022-23 to register by 5th October. If a customer has any income that they have not already paid UK tax on, they need to register for Self Assessment. New Self Assessment customers could be someone who … [Read more...]
Expert Opinion: Automation in accounting and data driven decisions
Laura Duggan, Partner at professional services firm Azets, discusses the benefits of cloud accounting technology in viewing data as a business partner and key to driving business performance. To grow a business, business leaders need to understand where they are now, have the ability to review … [Read more...]
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