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Save the Children’s Christmas Jumper Day

We’re taking part in Save the Children’s Christmas Jumper Day on Friday 13 December! By getting together for a cracking day in our festive knits and donating, we’ll be making the future brighter for children all around the world. Every pound we raise will give children in the UK and around the globe the chance to grow up healthy and

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Mileage rates changes– December 2019

Mileage rates changes– December 2019  HMRC has updated its approved ‘fuel only’ mileage rates. These rates apply if you are provided with a company car by your employer and you: claim a mileage allowance from your employer solely for the cost of fuel used on business journeys. repay your employer for fuel used on private travel – including that between

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Government pledges £35m to boost rural businesses

Rural businesses have been urged to apply for a share of the £35 million that’s up for grabs as part of the Government’s RDPE Growth Programme, a fund that’s dedicated to help rural businesses unlock their potential. The scheme is devised to get behind business owners operating rurally by offering three different types of grant: business development grants, food processing

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Employers issued with important Christmas pay-day guidance

HMRC have issued details of a special arrangement for reporting the Christmas payroll. This easement aims to help universal credit claimants where their employer pays them earlier than usual due to the Christmas period – without it, some claimants may find their awards reduced or stopped altogether. The usual rule for employers is that they should report their payroll information

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Fall in number of ‘suspected’ taxpayers arrested by HMRC

The number of taxpayers arrested for suspected tax fraud has fallen to a five-year low, according to analysis by law firm RPC. It says there was an 11% reduction in the number of HMRC arrests last year, compared with 877 made in 2017/18. Arrests topped the 1,000 mark in each of the preceding three years. Adam Craggs, partner at RPC,

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TSB to shut 82 branches in cost-cutting move

TSB is to close 82 branches next year in a further blow to the UK’s cash-based small businesses. It is cutting up to 400 jobs as part of a strategy overhaul aimed at saving £100m by 2022. The move, announced this week, has been strongly criticised by the Unite union, which urged the company to reverse the “appalling decision”. National

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Episode 1 – from finance to entrepreneurship

Episode 1 of the IAB Podcast. From finance to entrepreneurship. Learning to see the changes and making decisions. Interviewing Matthew Peng from Scoro Matthew graduated in Accounting and Finance, before accidentally falling into supporting and implementing what was the golden years of desktop technology for small businesses and professional accounting firms across Australia. Working for Ernst & Young for a

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How to fix your clients this tax season

As a bookkeeper in practice, I always worked hard (way, way too hard most of the time!), I have a high tolerance for pressure and can sustain long working hours for extended periods. However, every January, without fail, I nearly broke myself! The sheer volume of work, communications, checklists, and correspondence were overwhelming. The pressure is enormous, tempers are frayed

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What you need to do before a no-deal Brexit

If your organisation receives personal data from the EU/EEA, you should review your contracts and, where absent, include Standard Contractual Clauses (SCC) or other Alternative Transfer Mechanisms (ATM) to ensure that you can continue to legally receive personal data from the EU/EEA. Businesses that are part of a multinational group may be able to rely on binding corporate rules (BCRs),

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