New official statistics have revealed large businesses are improving payment practices and the time taken to pay suppliers ahead of new legislation to strengthen protections for small businesses against late payments. Since data began being collected by government in 2018, the time large … [Read more...]
News for: Accountancy
Two-thirds of Making Tax Digital for Income Tax clients haven’t registered, Azets finds
Following a Freedom of Information (FOI) request from the accountancy and business advisory firm, Azets has found that more than 580,000 people who should have registered for Making Tax Digital (MTD) for Income Tax have not done so. HMRC data shows that 864,000 individuals and landlords should … [Read more...]
Late payments legislation set to offer world’s strongest protections for SMEs, finds new report
Small businesses across the UK are set to benefit from the strongest commercial late payments regulations of any major economy, according to a new report conducted by the Enterprise Research Centre. The report found that new legislation to protect smaller firms from late payments and unfair … [Read more...]
70% businesses fear economic uncertainty most, finds Azets Barometer
The findings of the Q2 2026 Azets Barometer showed that economic uncertainty was the biggest concern over the next year for nearly 70% (69%) of respondents. For the quarterly Barometer, nearly 450 (442) UK senior decision-makers were surveyed by Azets, which has offices across the North West … [Read more...]
Azets comments on May 2026 insolvency statistics
Richard Oddy, Restructuring and Insolvency partner at accountancy and business advisory group, Azets, shares his thoughts on May's insolvency figures. The month saw 1,868 corporate insolvencies in May 2026 – 10.5% fewer than in April 2026 (2,087), and 16.3% fewer than in May 2025 (2,231) according … [Read more...]
Azets issues warning ahead of temporary VAT changes
The temporary VAT reduction for children’s meals, admissions and family attractions could lead to a summer of disruption for businesses across the North West warns accountancy firm Azets. Aimed at families, the VAT reduction is being introduced by the government as part of a wider initiative to … [Read more...]
Fylde Coast firm joins Xeinadin
Accountancy group, Xeinadin, has announced that Crossley & Davis, a chartered accountancy practice on the Fylde Coast, has joined its network. Established in 1982, Crossley & Davis has grown from a local practice into a four-partner team supporting businesses across the North West and … [Read more...]
Azets warns North West businesses to review payroll processes ahead of growing enforcement
Business advisory group Azets, which has offices across the North West, including in Stockport, is urging employers to review their payroll processes and employment practices urgently amid growing scrutiny over National Minimum Wage (NMW) compliance and the expanding enforcement powers of the Fair … [Read more...]
Tax changes bring boost for businesses donating to charities
A long-standing tax levied on businesses donating to charities has now been removed, and accountancy and business advisory firm, Azets, is seeking to remind businesses that they can now give goods to registered charities without paying VAT. The news comes at a time of falling charity donations; … [Read more...]
Xeinadin welcomes experienced tax and transactions partner in North West
Accountancy and business advisory group, Xeinadin, has announced the appointment of Simon Denye as Partner in its Fylde office, strengthening its specialist tax and transaction advisory capability in the North West. Simon joins with extensive experience in complex compliance and all forms of … [Read more...]
Business mileage allowance to rise to 55p
Chancellor Rachel Reeves has announced the first increased to the approved mileage allowance for both employees and the self-employed who use their own vehicles for work. Since 2011, the allowance has been frozen at 45p per mile for the first 10,000 business miles in a tax year. This will rise to … [Read more...]
IN Accountancy workshop explores ways to grow profits
Stockport-based IN Accountancy will host a 90-minute workshop exploring five ways businesses can grow their profits. The free in-person session creates space to step back and think clearly about what really drives results. The IN Accountancy team will explore five proven ways to grow your profits … [Read more...]
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