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‘Going green’ can save a business £7,000

The average small business could save up to £7,000 simply by improving their energy efficiency, according to the Carbon Trust. Data shows that implementing a few small changes can produce quick returns for a business: Low-cost and no-cost actions can reduce energy costs by roughly 10%. Cutting energy costs by 20% has the same effect on the bottom line as

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Big firms to face fines for late payments to SMEs

Large companies face being fined for failing to pay smaller suppliers in a timely fashion, the government has pledged. Small business minister Kelly Tolhurst has announced a series of ideas that are being billed as a “robust package of measures” designed to help ensure that Britain’s SMEs get paid more promptly than is currently the case. Lobby groups have long

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Bank Governor’s warning ‘should be wake-up call’

Bank of England boss Mark Carney has warned that up to 150,000 businesses are not properly prepared for a no-deal Brexit, a warning that should act as a wake-up call, warns RSM. Commenting on the Governor’s comments, Brad Ashton, international trade partner at RSM said: “The Governor is right to sound the alarm over the lack of business preparedness for

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One in nine UK adults victim of fraud in past year

A new survey of more than 2,000 UK adults, commissioned by Studio Graphene, has revealed the number of people who have fallen victim to fraud and hacking in the past year, as well as the level of caution they exercise when sharing personal data. The research found: 12% of UK adults have been the victim of fraud in the past

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Relief available for those struggling to find accessible software for new tax rules

Those who cannot find suitably accessible software to comply with the new Making Tax Digital for VAT rules should apply to HMRC for a temporary exemption, says the Low Incomes Tax Reform Group (LITRG). HMRC are not providing in-house software for Making Tax Digital for VAT. Instead, they are working with the software industry to bring products to market for

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Salary survey: what could you be worth?

Pay in the finance sector jumped by 2.8% year-on-year, according to the latest figures from CV-Library. It has worked out the current average salary for certain positions in the profession, including: Payroll Manager – £40,804 Finance Director – £72,247 Financial Controller – £51,188 Finance Business partner – £48,397 Credit Analyst – £48,039 Auditor – £47,716 Finance Manager -£42,387 Management Accountant

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Talking Points: getting you up to speed

HMRC’s regular Talking Points provide ongoing information, guidance and tips to help you to understand tax issues. Here’s a selection of some of the Talking Points webinars coming up. There are a limited number of spaces, so you are advised to book your place early. PAYE Expenses & Benefits (P11D): This webinar has been designed to provide examples of the most

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Making Tax Digital for Government Information and NHS Trust service users

A small proportion of businesses within the scope of Making Tax Digital (MTD) for VAT previously received a short deferral of mandation.  This was due to the complexity of their requirements and the need to ensure there was time to test the service with them before they were required to join. HMRC’s initial intention was that all these businesses would

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HMRC Talking Points

HMRC’s regular Talking Points webinars provide information, guidance and tips to help you understand tax issues. Forthcoming ones include: PAYE Expenses & Benefits (P11D): This webinar has been designed to provide examples of the most common entries on the end-of-year expenses and benefits return. HMRC subject matter experts will be online during the webinar to take your questions. Thursday 20 June

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