No news is bad news

There is a well-worn cliché that says that no news is good news i.e. that bad news actually travels faster than good news. During the coronavirus period, we have been bombarded by proof that this is the case. Witness the very deliberate, daily statistics that...

Office of Tax Simplification

Practitioners may have noticed that the OTS has recently published an update on its thoughts for the update of Corporation Tax, the taxation of personal service companies and the self-employed. The report is entitled: Evaluation update and stock take of OTS work on...
Trading online

Trading online

High Street retailers will have watched with dismay as competitors take their market share – not by businesses in their local business community – but globally, as consumers in the UK switch their attention from shopping trips to online retailers. In the...
Tax and accounts

Tax and accounts

If you are self-employed, as a sole trader or in partnership, the profits from your business are treated as part of your income for Income Tax and self-employed National Insurance purposes. As a consequence, the amount of tax payable on your self-employment is...
What if?

What if?

Any planned change will be targeted at a specific issue – say, reduce sales prices to win more customers and increase footfall – but actions of this kind have knock-on effects. For example, what effect will the proposed reduction in sales prices have on...
Winter lock-down?

Winter lock-down?

We have made passing references to business planning in recent articles published to this newsfeed; about the need to secure and plan your bank resources to better cope with the disruptions caused by COVID-19. Government seems to be preparing us for a further increase...