Too many businesses in the North West run the risk of financial ruin because they are not improving efficiency and removing process waste from their business to counteract increasing input and wage costs, believes UK top 10 accountacy firm, Azets. Profit erosion caused by inflation – branded the … [Read more...]
News for: Accountancy
HMRC revises interest rates following Bank of England rate cut
Following the Bank of England's decision to cut its base interest rate to 4.25%, HMRC is advising that its interest rates on late payments and repayments will also change. HMRC interest rates are set in legislation and are linked to the Bank of England base rate. Late payment interest is … [Read more...]
HMRC launches online help for tax compliance checks
HMRC has launched a new Interactive Compliance Guidance tool to help guide both businesses and individuals through tax compliance checks. The tool, accessible through the government website, brings together existing guidance in one place and helps customers understand: Joanne Walker, Low … [Read more...]
Poor enquiry handling costing UK professional services firms millions, finds Insight6 research
A market study, led by customer experience specialists insight6, in partnership with Moneypenny, has revealed poor enquiry handling can cost a professional services firm more than £1 million every year. Research set out to measure, analyse and benchmark how professional services firms handle new … [Read more...]
CN Group host first Business Cars & Networking event
Stockport-based accounting firm, CN Chartered Accountants is to host its first ‘Cars & Business Networking’ event at their offices on Wednesday 7th May. Taking place at CN House, Cheadle Royal Business Park from 4-7pm, the evening promises to help foster new business connections through a … [Read more...]
Making Tax Digital for Income Tax to launch April 2026 for sole traders and landlords
There is less than a year before sole traders and landlords with qualifying income over £50,000 will be required to keep digital records to report their earnings to HMRC. Making Tax Digital (MTD) for Income Tax will launch on 6th April 2026, and aims to help taxpayers save time gathering … [Read more...]
New Head for Azets’ Forensic Accounting team
Azets has made a strategic promotion as the UK top 10 accountancy firm seeks to expand its forensic accounting and valuation services to meet business demand. David Houghton has been named National Head of Forensic and Valuations by the UK’s specialist business advisor to SMEs. He is a … [Read more...]
April squeezes finances as new higher charges take effect
Almost everyone in the country is about to feel the burden of price rises and tax hikes that are set to hit household and business finances from April 2025. Households will be hit with soaring bills, while businesses also face a rise in Employers National Insurance Contributions and an uplift in … [Read more...]
Businesses face ‘wake up’ call about international VAT and customs obligations, warns Azets
VAT specialists at accountancy and advisory firm, Azets, have warned that international VAT and Customs Duty rules are like an iceberg ready to strike unsuspecting businesses. Keith Miller, VAT Partner at the firm, says many businesses do not fully understand VAT and Customs Duty rules for … [Read more...]
Azets advises Lancashire bakery chain as it nears deal to reopen seven shops
Azets, the UK top ten accounting and advisory firm, alongside Brabners Solicitors, has been advising the fourth-generation family bakery, Oddie’s, as it nears a deal to save seven of its shops. The Lancashire-based family business was forced to close its 13 sites in the region after a sale of the … [Read more...]
Companies House and HMRC to close joint online filing service
Companies House and HMRC have announced that they will close their joint online filing service on on 31 March 2026. The service, used by businesses to file accounts and Company Tax Returns at the same time with both organisations, will be wound down to align with modern digital standards, … [Read more...]
IN Accountancy explains the future of employee incentives in upcoming event
Stockport firm, IN Accountancy, will host an event sharing their expertise with local businesses discussing employee incentives. The in-person session will consider how to motivate and retain your best team members without breaking the bank. Discussion will be led by IN Accountancy's Tax Partner … [Read more...]
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