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ICAEW responds to government ‘off-payroll working rules’ Consultation image

ICAEW responds to government ‘off-payroll working rules’ Consultation

14th June 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) has responded to the government’s consultation in regard to the ‘off-payroll working...

Government tax investigations ‘taking three years to complete’, data suggests image

Government tax investigations ‘taking three years to complete’, data suggests

13th June 2019

Data published by law firm Pinsent Masons has suggested that government tax investigations into large businesses are taking ‘three and a half years’...

What do you learn from working in tax for 40 years? image

What do you learn from working in tax for 40 years?

12th June 2019

How to put tax into perspective! A 50-strong audience assembled at the London Golf Club this morning to hear Terry Baldwin’s ‘swan song’ for  McBrides...

Business groups outline principles for UK trade policy image

Business groups outline principles for UK trade policy

12th June 2019

Business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the Trades Union Congress (TUC) have set out...

Government Equalities Office ‘considering gender pay gap reporting for small firms’ image

Government Equalities Office ‘considering gender pay gap reporting for small firms’

11th June 2019

The Government Equalities Office has recommended extending the gender pay gap reporting initiative to include small and medium-sized enterprises (SMEs). Currently,...

Significant number of individuals ‘choosing to live cashless life’, research suggests

10th June 2019

Research carried out by trade association UK Finance has suggested that many individuals in the UK are choosing to live a ‘largely cashless life’. According...

DIT launches online tool for international investors

7th June 2019

The Department for International Trade (DIT) has launched an online tool to help potential international investors set up and expand their operations in the UK. The...

HMRC launches consultation on the operation of Insurance Premium Tax image

HMRC launches consultation on the operation of Insurance Premium Tax

6th June 2019

HMRC has launched a new consultation on how the administration and collection of Insurance Premium Tax (IPT) can be ‘modernised’. The consultation also...

OECD outlines timetable for reaching agreement on digital taxation of multinationals image

OECD outlines timetable for reaching agreement on digital taxation of multinationals

5th June 2019

The Organisation for Economic Co-operation and Development (OECD) has outlined a new timetable for reaching an agreement on the digital taxation of multinational...

HMRC introduces new system to tackle scam phone calls image

HMRC introduces new system to tackle scam phone calls

4th June 2019

HMRC has introduced a new system designed to prevent criminals from spoofing government helpline phone numbers. According to HMRC, criminals often use ‘official’...

FSB urges government to ‘push through late payments reform package’ image

FSB urges government to ‘push through late payments reform package’

3rd June 2019

The Federation of Small Businesses (FSB) has called for the government to ‘push through the late payments reform package’ announced in the 2019 Spring...

Future proofing your business image

Future proofing your business

31st May 2019

Many business owners would have been shocked to hear of the untimely death of a global law firm chairman who was in his early 50s and no doubt made some wonder what...

UK ‘can afford higher minimum wage’, states Resolution Foundation image

UK ‘can afford higher minimum wage’, states Resolution Foundation

31st May 2019

Commenting on the UK’s ‘low pay problem’, think tank the Resolution Foundation has stated that Britain ‘can afford an even higher minimum...

Research suggests data protection fines have ‘risen by 14% in a year’

30th May 2019

Research carried out by law firm RPC has suggested that the average data protection fine levied by the Information Commissioner’s Office (ICO) has risen by...

Investment Association calls for ‘greater transparency’ on dividends image

Investment Association calls for ‘greater transparency’ on dividends

29th May 2019

The Investment Association (IA) is urging businesses to ‘improve the transparency of their approach to paying dividends’. According to the IA, companies...

Banking code offering ‘increased protection from criminals’ takes effect

28th May 2019

From 28 May 2019, a new ‘banking code’ designed to offer consumers ‘increased protection from criminals’ takes effect. Consumer group Which?...

Millennials living in ‘relative poverty’, according to think tank

24th May 2019

A report published by think tank the Resolution Foundation has suggested that 22% of ‘millennials’ - those born between 1981 and 2000 - are living in...

MPs urge government to make ‘radical improvements’ to apprenticeship programme image

MPs urge government to make ‘radical improvements’ to apprenticeship programme

23rd May 2019

MPs have urged the government to make ‘radical improvements’ to its apprenticeship programme, after finding that small employers are ‘missing out’...

Research suggests many individuals ‘unaware of IHT rules’ when gifting money image

Research suggests many individuals ‘unaware of IHT rules’ when gifting money

22nd May 2019

Research carried out by the Institute for Fiscal Studies (IFS) and the National Centre for Social Research (NCSR) has suggested that only 45% of individuals seeking...

Client Spotlight – The Alliance Group image

Client Spotlight – The Alliance Group

21st May 2019

The Alliance Group has built its reputation on relationships and making the seemingly impossible possible when it comes to distribution and logistics for SME customers. As...

More changes for employers image

More changes for employers

21st May 2019

Employers face significant changes with increases to the national minimum wage (NMW) and auto-enrolment contributions, plus the introduction of settled status for...

Making Tax Digital is live! image

Making Tax Digital is live!

21st May 2019

Making Tax Digital (MTD) came in for VAT last month and means that VAT registered businesses with a taxable turnover above the registration threshold of £85,000...

From apprentice to partner... image

From apprentice to partner...

21st May 2019

We’re sure you will join us in congratulating Masum Ahmed on his appointment as tax partner here at McBrides. You may know that Masum previously trained with...

OTS calls for review of PAYE system image

OTS calls for review of PAYE system

21st May 2019

In a new report, the Office of Tax Simplification (OTS) has called for the Pay as You Earn (PAYE) system to be reviewed, to ensure tax agents can ‘see relevant...

ATT suggests couples ‘could be affected’ by increase in stamp duty for non-residents image

ATT suggests couples ‘could be affected’ by increase in stamp duty for non-residents

20th May 2019

The Association of Taxation Technicians (ATT) has suggested that couples in England and Northern Ireland could be affected by a proposed increase in stamp duty for...

CBI calls for UK firms to ‘improve people management practices’ image

CBI calls for UK firms to ‘improve people management practices’

17th May 2019

A report published by the Confederation of British Industry (CBI) has suggested that UK businesses could potentially add up to £110 billion to the UK economy...

Welsh taxpayers urged to check payslips following income tax code mix-up image

Welsh taxpayers urged to check payslips following income tax code mix-up

16th May 2019

Following an income tax code mix-up, HMRC has urged Welsh taxpayers to check their payslips to ensure the correct amount of tax has been deducted by their employer. HMRC...

Government launches consultation on Companies House reforms image

Government launches consultation on Companies House reforms

15th May 2019

The government has launched a consultation on new Companies House reforms, including a ‘major upgrade’ of its register. The consultation aims to tackle...

Cuts to grants ‘affecting sales of electric cars in the UK’ image

Cuts to grants ‘affecting sales of electric cars in the UK’

14th May 2019

A report published by the European Automobile Manufacturers’ Association (EAMA) has suggested that sales of electric cars in the UK are being affected by the...

Research suggests UK workers ‘unaware of entitlement to paid travel time’ image

Research suggests UK workers ‘unaware of entitlement to paid travel time’

13th May 2019

Research carried out by the Department for Business, Energy and Industrial Strategy (BEIS) has suggested that four in ten UK workers are ‘unaware’ that...

FSB urges government to create ‘small business plan for Europe’

10th May 2019

The Federation of Small Businesses (FSB) has published a comprehensive ‘small business plan’, outlining a host of reforms to help ‘unlock the potential...

UK workers ‘fear requesting a pay rise’, research suggests image

UK workers ‘fear requesting a pay rise’, research suggests

9th May 2019

Research carried out by recruitment firm Reed has suggested that many UK workers find the thought of asking for a pay rise ‘unsettling’. According to...

Stockpiling by SME manufacturers ‘reached record high’ last quarter, research finds

8th May 2019

Research carried out by the Confederation of British Industry (CBI) has revealed that stockpiling by small and medium-sized enterprises (SMEs) reached a ‘record...

CIOT warns Digital Services Tax ‘not a cure for struggling high streets’ image

CIOT warns Digital Services Tax ‘not a cure for struggling high streets’

7th May 2019

The Chartered Institute of Taxation (CIOT) has warned that the government’s planned Digital Services Tax (DST) won’t serve as a cure for the UK’s...

Bank of England upgrades UK growth forecast

3rd May 2019

The Bank of England has upgraded its 2019 growth forecast for the UK economy. It now predicts that the UK economy will grow by 1.5% in 2019, 1.6% in 2020 and 2.1%...

McBrides staff inspired to raise funds 'For Jimmy' image

McBrides staff inspired to raise funds 'For Jimmy'

3rd May 2019

The staff at McBrides Chartered Accountants handed over a cheque for £7,700 today to Barry and Margaret Mizen, parents of Jimmy Mizen who 11years ago went...

‘Record number’ of UK workers being underpaid, Commission suggests image

‘Record number’ of UK workers being underpaid, Commission suggests

2nd May 2019

Research carried out by the Low Pay Commission (LPC) has suggested that a ‘record number’ of UK workers are being underpaid. The LPC found that, in...

AAT urges government to ‘fix broken business rates system’ image

AAT urges government to ‘fix broken business rates system’

1st May 2019

The Association of Accounting Technicians (AAT) has urged the government to ‘fix the broken business rates system’. The AAT advocates a complete overhaul...

Review to outline future of 1p and 2p coins

30th April 2019

The Treasury plans to publish a review into the future of 1p and 2p coins. Speculation has been rife that the government will scrap the coins. In the 2018 Spring...

Government pledges additional £200 million in funding for UK firms image

Government pledges additional £200 million in funding for UK firms

29th April 2019

The government has stated that it will provide high-growth UK businesses with an additional £200 million in funding. According to the government, the funds...

Research suggests ‘less than a quarter’ of UK SMEs plan to expand overseas

26th April 2019

Research carried out by DocuSign has found that just 22% of small and medium-sized enterprises (SMEs) plan to expand their business beyond the UK. SMEs stated that...

Scottish government announces further delay to Air Departure Tax plans image

Scottish government announces further delay to Air Departure Tax plans

25th April 2019

The Scottish government has further delayed its plans to replace Air Passenger Duty (APD) with its own Air Departure Tax (ADT). It has confirmed that the ADT plans...

HMRC warns young people to ‘stay vigilant’ as number of tax scams rises image

HMRC warns young people to ‘stay vigilant’ as number of tax scams rises

24th April 2019

HMRC has warned young people in the UK to ‘stay vigilant’ in order to avoid falling victim to tax refund scams. According to HMRC, criminals often target...

Business believes UK tax system is ‘fundamentally unfair’, research suggests image

Business believes UK tax system is ‘fundamentally unfair’, research suggests

23rd April 2019

According to research published by the British Chambers of Commerce (BCC), businesses believe that the UK tax system is ‘fundamentally unfair’. The...

UK SMEs ‘exploring new sources of finance’, research finds image

UK SMEs ‘exploring new sources of finance’, research finds

18th April 2019

Research carried out by American Express has found that, as access to finance becomes ‘increasingly difficult to secure’, UK small and medium-sized enterprises...

Study suggests UK employees ‘work longest hours in EU' image

Study suggests UK employees ‘work longest hours in EU'

17th April 2019

A study carried out by the Trades Union Congress (TUC) has suggested that UK employees ‘work the longest hours in the EU’. According to the study, full-time...

Can you claim the Marriage Allowance? image

Can you claim the Marriage Allowance?

16th April 2019

The Marriage Allowance was introduced from 6 April 2015 and permits up to 10% of the Personal Allowance of the spouse with the lower income to be transferred to...

Survey reveals businesses ‘investing significantly in tax technology’ image

Survey reveals businesses ‘investing significantly in tax technology’

16th April 2019

A survey carried out by Thomson Reuters has revealed that businesses are investing significant amounts in new tax technology, such as Making Tax Digital (MTD) software. The...

Late payment risks image

Late payment risks

15th April 2019

Healthy cash flow is the life blood of any business. Did you know that 50,000 businesses cease trading every year due to late payments from their customers or clients? In...

Experts urge government to simplify Apprenticeship Levy image

Experts urge government to simplify Apprenticeship Levy

15th April 2019

Experts have called for the government to ‘simplify’ the Apprenticeship Levy amidst claims that it has ‘complicated learning and development’. A...

IFS states high earners ‘increasingly hit by lack of indexation’ image

IFS states high earners ‘increasingly hit by lack of indexation’

12th April 2019

The Institute for Fiscal Studies (IFS) recently published a report which revealed that more people are being ‘dragged into higher rates of tax’ as a...

Business groups react to ‘flexible extension’ of Article 50

11th April 2019

Business groups, including the British Chambers of Commerce (BCC) and the Confederation of British Industry (CBI), have reacted to the six-month ‘flexible’...

IMF downgrades global growth forecast

10th April 2019

The International Monetary Fund (IMF) has downgraded its global growth forecast for 2019 to its ‘lowest level’ since the financial crisis. In its latest...

TUC states shared parental leave scheme needs ‘overhauling’

9th April 2019

The Trades Union Congress (TUC) has stated that the shared parental leave and pay scheme needs ‘overhauling’ and has urged the government to take action. The...

Government commits to implementation of pensions dashboard initiative image

Government commits to implementation of pensions dashboard initiative

8th April 2019

The government has confirmed that it intends to implement its proposed pensions dashboard initiative, which will allow those saving for retirement to view information...

Business leaders urged to ‘do more’ to help prevent cyber-attacks

5th April 2019

Following the publication of the government’s 2019 Cyber Security Breaches Survey, business leaders are being urged to ‘do more’ to protect their...

Older workers ‘may be paying unnecessary tax on State Pension’, research suggests image

Older workers ‘may be paying unnecessary tax on State Pension’, research suggests

4th April 2019

Research carried out by insurer Royal London has suggested that half a million older workers could be ‘paying unnecessary tax’ on their State Pension. Royal...

Survey suggests indicators of UK economic health have ‘weakened'

3rd April 2019

A survey carried out by the British Chambers of Commerce (BCC) has suggested that the ‘key indicators’ of UK economic health ‘weakened considerably’...

State pension and child benefit trap image

State pension and child benefit trap

2nd April 2019

It is reasonably well known that child benefit is clawed back where the claimant or their spouse / partner has taxable income over £50,000 for the tax year....

MTD for VAT takes effect for over one million businesses image

MTD for VAT takes effect for over one million businesses

2nd April 2019

On 1 April, the government’s Making Tax Digital for VAT (MTD for VAT) initiative came into effect. Businesses which have a taxable turnover above the VAT...

Survey finds awareness of gender pay gap reporting requirements is ‘low’ image

Survey finds awareness of gender pay gap reporting requirements is ‘low’

1st April 2019

A survey carried out by the Chartered Management Institute (CMI) has suggested that awareness of the gender pay gap reporting requirements is ‘low’. The...

ATT warns of tax changes for non-residential UK property owners image

ATT warns of tax changes for non-residential UK property owners

29th March 2019

The Association of Taxation Technicians (ATT) has warned non-resident UK property owners that changes set to take effect from April will require them to pay tax...

Government delays probate fees rise image

Government delays probate fees rise

28th March 2019

The government has delayed its planned increase in probate fees. The delay has been attributed to ‘pressure on Parliamentary time’ caused by Brexit...

ONS warns automation could ‘replace 1.5 million jobs’

27th March 2019

The Office for National Statistics (ONS) has warned that automation could replace up to 1.5 million jobs in the UK, leaving workers unemployed. In a new report,...

HMRC urges firms to sign up for MTD for VAT image

HMRC urges firms to sign up for MTD for VAT

26th March 2019

With less than a week to go, HMRC is urging those firms which haven’t signed up for the Making Tax Digital for VAT (MTD for VAT) scheme to do so ‘as...

From apprentice to boardroom, McBrides appoints new tax partner image

From apprentice to boardroom, McBrides appoints new tax partner

25th March 2019

McBrides Chartered Accountants has announced the appointment this month of a new tax partner who previously trained with the firm 18 years ago. Masum Ahmed is a...

Data reveals significant rise in number of contactless payments

25th March 2019

Data published by UK Finance has revealed that two in five card payments are made using contactless technology. When compared to 2017, the number of contactless...

Data reveals 84,000 people fell victim to bank payment scams in 2018

22nd March 2019

Trade association UK Finance has revealed that more than 84,000 bank customers fell victim to so-called bank payment scams in 2018. According to data published...

HMRC warns businesses MTD registration ‘takes seven days’ image

HMRC warns businesses MTD registration ‘takes seven days’

21st March 2019

With Making Tax Digital for VAT (MTD for VAT) set to take effect from 1 April, HMRC has warned UK businesses that the registration procedure will take up to seven...

Government publishes additional Brexit advisory documents image

Government publishes additional Brexit advisory documents

20th March 2019

The government has published additional documents containing advice on Brexit for UK small businesses. According to the government, the information will help business...

MPs urge government to implement tax on social media firms

19th March 2019

A group of MPs has called on the government to tax the profits of social media businesses. The All Party Parliamentary Group (APPG) on Social Media and Young People’s...

NEF calls for personal allowance to be replaced with ‘weekly national allowance’ image

NEF calls for personal allowance to be replaced with ‘weekly national allowance’

18th March 2019

Think tank the New Economics Foundation (NEF) has called for the income tax personal allowance to be replaced with a new ‘weekly personal allowance’. In...

IFS states UK ‘urgently’ needs an ‘effective’ Spending Review image

IFS states UK ‘urgently’ needs an ‘effective’ Spending Review

15th March 2019

In its analysis of the 2019 Spring Statement, the Institute for Fiscal Studies (IFS) stated that the UK ‘urgently’ needs an effective Spending Review,...

2019 Spring Statement - Chancellor provides update on plans to tackle late payments image

2019 Spring Statement - Chancellor provides update on plans to tackle late payments

14th March 2019

In his 2019 Spring Statement, Chancellor Philip Hammond outlined detailed plans to tackle the issue of late payments in the UK. The Chancellor reiterated the government’s...

Spring Statement 2019 overshadowed by Brexit image

Spring Statement 2019 overshadowed by Brexit

13th March 2019

In response to The Chancellor Philip Hammond’s Spring Statement, given in The House of Commons today at 12:30, Nick Paterno, Managing Partner at McBrides...

2019 Spring Statement - what to expect image

2019 Spring Statement - what to expect

13th March 2019

Chancellor Philip Hammond will deliver the 2019 Spring Statement today. We will be keeping you up-to-date on the latest developments. The Chancellor will respond...

Report suggests millions of people ‘would struggle in a cashless society’

12th March 2019

A report published by the Access to Cash Review has revealed that, without action from the government, more than eight million individuals in the UK would ‘struggle...

Putting MTD software into place ‘will cost firms an average of £564’, FSB finds image

Putting MTD software into place ‘will cost firms an average of £564’, FSB finds

11th March 2019

Research published by the Federation of Small Businesses (FSB) has found that putting Making Tax Digital (MTD) software into place ‘could cost UK small firms...

HMRC publishes guidance on accounting for VAT in event of a ‘no deal’ Brexit image

HMRC publishes guidance on accounting for VAT in event of a ‘no deal’ Brexit

8th March 2019

HMRC has published guidance on how businesses should account for import VAT in the event that the UK leaves the EU without a Brexit deal. According to the guidance,...

FSB advises Chancellor to use Spring Statement to ‘help small businesses' image

FSB advises Chancellor to use Spring Statement to ‘help small businesses'

7th March 2019

The Federation of Small Businesses (FSB) has urged Chancellor Philip Hammond to use the upcoming Spring Statement to ‘help small firms’. According to...

CIOT urges government to ensure Digital Services Tax is a ‘temporary fix’ image

CIOT urges government to ensure Digital Services Tax is a ‘temporary fix’

6th March 2019

The Chartered Institute of Taxation (CIOT) has urged the government to make its planned Digital Services Tax (DST) a ‘temporary fix’ to the issue of...

HMRC warns households of rise in landline tax scams image

HMRC warns households of rise in landline tax scams

5th March 2019

HMRC has urged UK households with a landline number to be vigilant following a significant rise in landline tax scams. HMRC recently moved to crack down on email...

HMRC urges 1.17 million businesses to sign up to MTD for VAT image

HMRC urges 1.17 million businesses to sign up to MTD for VAT

4th March 2019

With less than a month until the introduction of Making Tax Digital for VAT (MTD for VAT), HMRC is urging the 1.17 million UK businesses which have not yet signed...

Data reveals 500,000 homebuyers have ‘benefitted from Help to Buy schemes’ image

Data reveals 500,000 homebuyers have ‘benefitted from Help to Buy schemes’

1st March 2019

According to data published by the Office for National Statistics (ONS), almost 500,000 homebuyers have benefitted from using one of the government’s Help...

Government publishes ‘no deal’ Brexit impact assessment

28th February 2019

In a new document, the government has assessed the impact of a ‘no deal’ Brexit scenario on UK businesses and trade. According to the government, its...

HMRC’s Loan Charge legislation – controversial money raiser? image

HMRC’s Loan Charge legislation – controversial money raiser?

27th February 2019

Introduced in 2017, this legislation is aimed at individuals who participated in so-called ‘Disguised Remuneration Loan Schemes’ that were being promoted...

OTS publishes review into impact of technology on taxation image

OTS publishes review into impact of technology on taxation

27th February 2019

The Office of Tax Simplification (OTS) has published a review into the impact of technology on UK taxation. The review analyses how technology creates opportunities...

Government launches consultation on ‘plastic packaging tax’ image

Government launches consultation on ‘plastic packaging tax’

26th February 2019

The government has launched a consultation, outlining its proposal to introduce a tax on plastic packaging with less than 30% recycled content. The ‘plastic...

£3 billion in Apprenticeship Levy funding ‘remains untouched’, data reveals image

£3 billion in Apprenticeship Levy funding ‘remains untouched’, data reveals

25th February 2019

A Freedom of Information request made by the Open University (OU) has revealed that £3 billion in Apprenticeship Levy funding remains unused, meaning that...

Small businesses ‘worrying about access to finance after Brexit’, according to report

22nd February 2019

A report published by the British Business Bank has revealed that a third of small businesses believe it will become ‘more difficult’ to access finance...

Survey suggests eight in ten businesses ‘aware of MTD for VAT’ image

Survey suggests eight in ten businesses ‘aware of MTD for VAT’

21st February 2019

A survey carried out by HMRC has revealed that 81% of VAT-mandated businesses are ‘aware of Making Tax Digital for VAT (MTD for VAT)’, either by name...

MPs call for introduction of new levy on clothing retailers

20th February 2019

The Environmental Audit Committee has called for the introduction of a new levy on so-called ‘fast fashion’ retailers. The Committee wants to make clothing...

Data reveals parents ‘failing to make use of Tax-Free Childcare’ image

Data reveals parents ‘failing to make use of Tax-Free Childcare’

19th February 2019

According to data published by the government, its Tax-Free Childcare (TFC) scheme ‘has not had the uptake expected’, with only 22% of eligible families...

Government publishes advice on minimising gender pay gap image

Government publishes advice on minimising gender pay gap

18th February 2019

The Government Equalities Office (GEO) has published advice designed to help UK businesses to reduce their gender pay gap. The documents contain advice on which...

HMRC reveals 700,000 couples are ‘missing out’ on Marriage Allowance image

HMRC reveals 700,000 couples are ‘missing out’ on Marriage Allowance

15th February 2019

HMRC has estimated that around 700,000 couples are ‘missing out’ on the Marriage Allowance, which could save them up to £238 in tax. Introduced...

Employer pension contributions increase in April 2019 image

Employer pension contributions increase in April 2019

14th February 2019

Changes to pensions continue from 6 April 2019 with employers required to increase the amount of their contributions into employees’ automatic enrolment pension...

BCC publishes list of 20 ‘unanswered’ ‘no deal’ Brexit questions

14th February 2019

The British Chambers of Commerce (BCC) has published a list of 20 ‘unanswered, critical questions’ in relation to a 'no deal' Brexit scenario. The BCC’s...

Chancellor will be required to spend ‘billions’ to end austerity, says IFS image

Chancellor will be required to spend ‘billions’ to end austerity, says IFS

13th February 2019

In a new report, economic think tank the Institute for Fiscal Studies (IFS) has suggested that Chancellor Philip Hammond will be required to spend ‘billions...

Rise in probate fees to take effect despite opposition image

Rise in probate fees to take effect despite opposition

12th February 2019

Government plans to increase probate fees are set to go ahead despite considerable opposition. Currently, for estates valued at over £5,000, a grant application...

Promotions and new faces image

Promotions and new faces

11th February 2019

From l to r: Cristina Niculescu, Andy Fuller, Rhys Sheppard, Sarah Miller, Scott Eveleigh, Clara Matthews and Lydia Payne It’s been a busy time of...

Client Spotlight - JTA image

Client Spotlight - JTA

11th February 2019

When Jon Tibbs first set up his sports communications agency JTA back in 2001, he was feeding his entrepreneurial spirit. Having risen to the top of global PR agency...

The life of Brian! image

The life of Brian!

11th February 2019

When Brian Moleshead first started working at McBrides in January 1983, BBC Breakfast was just launching, seatbelts became mandatory for drivers and front seat passengers,...

CIOT urges government to simplify Structures and Buildings Allowance image

CIOT urges government to simplify Structures and Buildings Allowance

11th February 2019

The Chartered Institute of Taxation (CIOT) has urged the government to ‘simplify’ its new Structures and Buildings Allowance (SBA). The SBA provides...

Study suggests UK workers ‘have already lost a week’s wages’ to Brexit image

Study suggests UK workers ‘have already lost a week’s wages’ to Brexit

8th February 2019

A study carried out by the University of Warwick’s Centre for Competitive Advantage in the Global Economy (CAGE) has revealed that the average UK worker has...

HMRC figures reveal an increase in first-time buyer relief claims image

HMRC figures reveal an increase in first-time buyer relief claims

7th February 2019

Figures recently published by HMRC have revealed a 3% increase in the number of first-time buyer relief (FTBR) claims from the previous quarter, with 78% of transactions...

HMRC warns businesses to prepare in the event of a 'no deal' image

HMRC warns businesses to prepare in the event of a 'no deal'

6th February 2019

The latest guidance to businesses in the event of the UK leaving the EU with ‘no deal’, includes updates on customs procedures, import & export registration...

In the event of ‘no deal’ HMRC warns businesses to prepare image

In the event of ‘no deal’ HMRC warns businesses to prepare

6th February 2019

The latest guidance to businesses in the event of the UK leaving the EU with ‘no deal’, includes updates on customs procedures, import & export registration...

ICAEW suggests confidence amongst businesses has ‘slumped’

6th February 2019

The Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that confidence amongst businesses has ‘slumped’ as a result of ongoing...

Almost a third of UK businesses ‘looking to relocate abroad due to Brexit’

5th February 2019

A survey conducted by the Institute of Directors (IoD) has found that nearly a third of IoD members are looking to move their operations abroad due to the uncertainty...

Treasury Committee launches business rates inquiry image

Treasury Committee launches business rates inquiry

4th February 2019

The Treasury Committee has launched an inquiry into the UK’s business rates system, in order to assess the impact of business rates on firms. The Committee...

With 58 days to go: is Kent business prepared for Brexit? image

With 58 days to go: is Kent business prepared for Brexit?

30th January 2019

As Parliament sent Theresa May back to Brussels and expressed a desire to avoid ‘no deal’ last night, a group of Kent SMEs came together to...

IMF warns ‘no deal’ Brexit could ‘damage global economy’

28th January 2019

The International Monetary Fund (IMF) has warned the UK that a ‘no deal’ Brexit could ‘damage the global economy’. In a recently published...

HMRC urges 3.5 million taxpayers to submit their tax return before deadline image

HMRC urges 3.5 million taxpayers to submit their tax return before deadline

25th January 2019

With less than a week to go until the deadline, HMRC has urged the 3.5 million taxpayers yet to file their self-assessment tax return to do so before 11:59pm on...

Businesses to begin disclosing climate change risks in annual reports

24th January 2019

According to research published recently by the Carbon Trust, 67% of UK businesses will begin to incorporate climate change risks and opportunities in their 2019...

HMRC confirms Brexit will not affect roll-out of MTD for VAT image

HMRC confirms Brexit will not affect roll-out of MTD for VAT

23rd January 2019

HMRC has confirmed that Brexit will not affect the introduction of Making Tax Digital for VAT (MTD for VAT). MTD for VAT is set to come into effect from 1 April...

Insolvency Service urges savers to ‘protect pension pots from investment scammers’ image

Insolvency Service urges savers to ‘protect pension pots from investment scammers’

22nd January 2019

The Insolvency Service has urged those saving for retirement to protect their pension pots from ‘investment scammers and negligent trustees’. Research...

Small business confidence ‘falls to lowest level since 2011’

21st January 2019

A survey carried out by the Federation of Small Businesses (FSB) has revealed that confidence amongst small firms has ‘fallen to its lowest level since 2011’. The...

Rising cost of living ‘causing financial concern’ for young people, research finds

18th January 2019

Research carried out by NatWest has suggested that the ‘rising cost of living’ is causing financial concern for young people in the UK. NatWest found...

Government launches new taskforce to combat economic crime

17th January 2019

The government has launched a new economic crime taskforce, which will work to combat fraud, bribery, money laundering and corruption. The government estimates...

Business groups respond to outcome of vote on Brexit deal

16th January 2019

Business groups have responded to the outcome of the vote on Prime Minister Theresa May’s Brexit deal. The Confederation of British Industry (CBI) warned...

Data reveals slow growth in UK economy

15th January 2019

Data published by the Office for National Statistics (ONS) has revealed that UK economic growth decelerated in the three months to November 2018, expanding at its...

SMEs ‘waiting 43 days to be paid by government contractors’, research suggests image

SMEs ‘waiting 43 days to be paid by government contractors’, research suggests

14th January 2019

Research carried out by online business finance supermarket Funding Options has suggested that UK small and medium-sized enterprises (SMEs) have to wait an average...

Sidcup accountancy firm promotes three team members image

Sidcup accountancy firm promotes three team members

14th January 2019

McBrides Chartered Accountants in Sidcup has made three new promotions effective from 1 January with two new client managers and a new team leader. Andy Fuller...

HMRC extends MTD for VAT pilot scheme to all eligible firms image

HMRC extends MTD for VAT pilot scheme to all eligible firms

11th January 2019

HMRC has extended its Making Tax Digital for VAT (MTD for VAT) pilot scheme to all eligible businesses. MTD for VAT is set to come into effect from 1 April 2019...

Ban on pensions cold-calling takes effect image

Ban on pensions cold-calling takes effect

10th January 2019

From 9 January 2019, the government’s new ban on pensions cold-calling takes effect. Making unsolicited calls in regard to pensions is now illegal, and any...

Many firms ‘actively tackling’ gender pay gap, survey suggests image

Many firms ‘actively tackling’ gender pay gap, survey suggests

9th January 2019

A survey carried out by the Confederation of British Industry (CBI) has suggested that 93% of UK firms are ‘actively tackling’ their gender pay gap. The...

TUC report reveals household debt has ‘hit new peak’

8th January 2019

A report published by the Trades Union Congress (TUC) has revealed that UK household debt has ‘reached new highs’. The report revealed that unsecured...

Reflect, learn and plan for a successful 2019 image

Reflect, learn and plan for a successful 2019

7th January 2019

Guest Blog by Jackie Brooker, Managing Director of Dakota Blue Consulting The end of a year is not only a great time to reflect and learn from the previous 12 months,...

Experts call for introduction of ‘pudding tax’ to combat sugar consumption

7th January 2019

Public health experts have called for the government to introduce a so-called ‘pudding tax’ in order to help tackle high rates of sugar consumption amongst...

Data reveals significant number of taxpayers filed tax returns over festive period image

Data reveals significant number of taxpayers filed tax returns over festive period

4th January 2019

Data published by HMRC has revealed that more than 10,000 self-assessment tax returns were filed over the festive period. According to HMRC, 2,616 individuals filed...

New energy price cap comes into effect

3rd January 2019

Around 11 million households could benefit from a new cap on energy prices, which came into effect on 1 January. The new cap aims to ensure that energy customers...

Small business group calls for focus on ‘domestic agenda’ in New Year message

2nd January 2019

The Federation of Small Businesses (FSB) has urged the government to re-focus on encouraging and supporting UK small businesses, rather than spending time on ‘political...

UK ‘not where it should be’ in regard to Brexit, leading business groups warn

21st December 2018

Five of the leading business groups in the UK have warned MPs that the UK is ‘not where it should be’ in regard to its Brexit plans. The government...

LITRG urges HMRC to publish MTD for VAT exemption guidance image

LITRG urges HMRC to publish MTD for VAT exemption guidance

20th December 2018

The Low Incomes Tax Reform Group (LITRG) has called for HMRC to publish detailed Making Tax Digital for VAT (MTD for VAT) exemption guidance. MTD for VAT is set...

Productivity amongst small businesses ‘held back by poor broadband’

19th December 2018

The Federation of Small Businesses (FSB) has warned that productivity amongst UK small firms is ‘still being held back’ by poor broadband and mobile...

Budget creates unintended tax trap for Entrepreneurs’ Relief hopefuls image

Budget creates unintended tax trap for Entrepreneurs’ Relief hopefuls

18th December 2018

When an individual sells shares in a private company, they will often be able to claim Entrepreneurs’ Relief (ER) in respect of the profit they have realised...

ICAEW warns ‘no deal’ Brexit will ‘slam brakes on UK growth’

18th December 2018

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that a decision to reject Prime Minister Theresa May’s Brexit deal will ‘undermine...

Government introduces new legislation designed to ‘upgrade workers’ rights’ image

Government introduces new legislation designed to ‘upgrade workers’ rights’

17th December 2018

New legislation designed to ‘upgrade workers’ rights’ has been introduced by the government. The measures will ‘ensure individuals can access...

UK SMEs ‘unmindful of risks posed by cyber-attacks’, poll suggests

14th December 2018

A poll commissioned by insurance firm Aon has suggested that UK small and medium-sized enterprises (SMEs) are ‘unmindful of the risks’ that cyber-attacks...

Finance Secretary for Scotland outlines tax plans in Scottish Budget image

Finance Secretary for Scotland outlines tax plans in Scottish Budget

13th December 2018

In his draft Budget, Derek Mackay, the Finance Secretary for Scotland, outlined his plans for Scottish taxation and spending. Mr Mackay stated that he will ‘not...

Redesign tax system to help ‘fight against climate change’, says ACCA image

Redesign tax system to help ‘fight against climate change’, says ACCA

12th December 2018

The Association of Chartered Certified Accountants (ACCA) has published a report calling on governments to help tackle climate change by redesigning their tax systems. The...

Business groups react to Brexit deal vote delay

11th December 2018

Business groups have responded to the postponing of the vote on the draft Brexit deal. Prime Minister Theresa May intends to meet EU officials and European leaders...

Confidence amongst small businesses ‘falls to seven-year low’

10th December 2018

Confidence amongst UK small businesses has ‘fallen to its lowest point since 2011’, the quarterly Small Business Index (SBI) published by the Federation...

‘Bad payment practices lead to SME failures’, report suggests image

‘Bad payment practices lead to SME failures’, report suggests

7th December 2018

A new report published by the Business, Energy and Industrial Strategy (BEIS) Committee has highlighted how ‘bad payment practices’ have led to the ‘failure’...

UK businesses urged to prepare now for potential ‘no deal’ Brexit image

UK businesses urged to prepare now for potential ‘no deal’ Brexit

6th December 2018

HMRC has written to 145,000 UK businesses to urge them to begin preparing now for a potential ‘no deal’ Brexit scenario. The letters, which have been...

Report suggests HMRC ‘treating taxpayers unfairly’ image

Report suggests HMRC ‘treating taxpayers unfairly’

5th December 2018

A report published by the Economic Affairs Committee has suggested that HMRC is ‘treating taxpayers unfairly’ and has called for the Revenue’s...

ICAEW urges employers to consider the tax implications of a seasonal party image

ICAEW urges employers to consider the tax implications of a seasonal party

4th December 2018

The Institute of Chartered Accountants in England and Wales (ICAEW) has urged employers to consider the tax implications associated with a seasonal party. A company...

New anti-fraud payment measure to be rolled out in 2019 image

New anti-fraud payment measure to be rolled out in 2019

4th December 2018

The UK’s leading retail payment authority Pay.UK has announced how a new ‘Confirmation of Payee’ service will work when it begins to be rolled...

Prime Minister backs ‘Pensions Dashboards’ initiative image

Prime Minister backs ‘Pensions Dashboards’ initiative

3rd December 2018

Prime Minister Theresa May has outlined her commitment to the launch of the so-called ‘Pensions Dashboards’ initiative. The new Pensions Dashboards...

‘Improve employees’ digital skills via apprenticeships’, organisation urges employers image

‘Improve employees’ digital skills via apprenticeships’, organisation urges employers

30th November 2018

Research carried out by not-for-profit organisation The 5% Club has suggested that apprenticeships or training schemes could help to improve employees’ digital...

HMRC writes to taxpayers ahead of introduction of Welsh rates of income tax image

HMRC writes to taxpayers ahead of introduction of Welsh rates of income tax

29th November 2018

HMRC has started to write to taxpayers ahead of the introduction of the Welsh rates of income tax (WRIT) on 6 April 2019. From this time, taxpayers will pay the...

Late payments and restricted access to finance ‘impacting firms’ ability to grow’ image

Late payments and restricted access to finance ‘impacting firms’ ability to grow’

28th November 2018

A survey carried out by data provider Dun & Bradstreet has suggested that small firms’ plans for growth are being adversely affected by late payments and...

Brexit deal ‘will cost UK £100 billion per year’ by 2030, study suggests

27th November 2018

A study carried out by economic think tank the National Institute for Economic and Social Research (NIESR) has suggested that the government’s Brexit deal...

OTS calls for overhaul of inheritance tax regime image

OTS calls for overhaul of inheritance tax regime

26th November 2018

The Office of Tax Simplification (OTS) has urged HMRC to overhaul the UK’s inheritance tax (IHT) regime. In January 2018, Chancellor Philip Hammond commissioned...

Committee warns small firms ‘could pay heavy price’ for MTD for VAT image

Committee warns small firms ‘could pay heavy price’ for MTD for VAT

23rd November 2018

The Economic Affairs Committee has warned HMRC that UK small businesses ‘could pay a heavy price’ for Making Tax Digital for VAT (MTD for VAT). In a...

First-time homebuyers ‘saved £426 million’ as result of changes to stamp duty image

First-time homebuyers ‘saved £426 million’ as result of changes to stamp duty

22nd November 2018

Data published by HMRC has revealed that first-time homebuyers have collectively ‘saved £426 million’ as a result of changes to Stamp Duty Land...

Statistics reveal ‘sugar tax’ has generated £153 million for HMRC image

Statistics reveal ‘sugar tax’ has generated £153 million for HMRC

21st November 2018

Data has revealed that the Soft Drinks Industry Levy generated £153.8 million for HMRC in the year-to-date, up to the end of October. First announced in the...

Older employees ‘would welcome flexible working’, survey suggests image

Older employees ‘would welcome flexible working’, survey suggests

20th November 2018

A survey carried out on behalf of the Department for Business, Energy and Industrial Strategy (BEIS) has found that the majority of workers aged over 50 would ‘welcome...

Official data reveals wages have risen ‘at fastest pace in a decade’ image

Official data reveals wages have risen ‘at fastest pace in a decade’

19th November 2018

Data published by the Office for National Statistics (ONS) has revealed that wages rose at the fastest pace in almost a decade in the three months to September. When...

Client Spotlight - Talyllyn Railway image

Client Spotlight - Talyllyn Railway

16th November 2018

In a quiet Welsh valley in the far west of Gwynedd is a small and potentially insignificant little railway, but one with a unique history and a very special place...

Self-employed individuals ‘would back plans to expand pensions auto-enrolment’ image

Self-employed individuals ‘would back plans to expand pensions auto-enrolment’

16th November 2018

A survey carried out by insurance firm Prudential has suggested that over half of self-employed workers would back plans to expand pensions auto-enrolment, or make...

Business groups react to draft Brexit deal

15th November 2018

Business groups have reacted to the government’s draft Brexit deal with the EU. Following a five-hour debate on the matter, Prime Minister Theresa May secured...

Government urges small businesses to utilise broadband vouchers image

Government urges small businesses to utilise broadband vouchers

14th November 2018

The government is urging small businesses to make use of so-called ‘broadband vouchers’, which are worth £2,500. The Gigabit Broadband Voucher...

Committee launches inquiry into banks’ treatment of vulnerable customers

13th November 2018

The Treasury Committee has launched a new inquiry into whether UK banks are doing enough to help vulnerable customers. As part of the inquiry, the Committee will...

Restricted access to finance ‘holding back UK economy’, FSB warns

12th November 2018

The Federation of Small Businesses (FSB) has warned that UK economic growth is being ‘restricted’ by limited access to alternative finance options for...

HMRC sends MTD for VAT communications to affected businesses image

HMRC sends MTD for VAT communications to affected businesses

9th November 2018

HMRC recently started to send out so-called ‘encouragement letters’ to businesses within the scope of Making Tax Digital for VAT (MTD for VAT). The...

Prime Minister establishes five ‘Brexit business councils’

8th November 2018

Prime Minister Theresa May has created five new ‘Brexit business councils’, which will provide UK firms with advice and support in regard to creating...

Government unveils changes to probate fees image

Government unveils changes to probate fees

7th November 2018

The government has unveiled significant changes to probate fees, which could result in owners of high-value properties paying nearly £6,000 more. As part...

HMRC delays reform of late payment penalty regime image

HMRC delays reform of late payment penalty regime

6th November 2018

HMRC has further delayed the planned reform of the late payment penalty regime. HMRC planned to introduce the new penalty regime alongside Making Tax Digital (MTD)...

ONS data reveals gender pay gap has fallen to its ‘lowest level yet’ image

ONS data reveals gender pay gap has fallen to its ‘lowest level yet’

5th November 2018

Data published by the Office for National Statistics (ONS) has revealed that the gender pay gap has fallen to its ‘lowest level yet’. The statistics...

Hextable plasterer wins spot to exhibit as part of McBrides’ Boardroom Art project image

Hextable plasterer wins spot to exhibit as part of McBrides’ Boardroom Art project

5th November 2018

Semi-retired plasterer, Ron Scutt, is a true original; as accomplished with his oils and brushes as he is with his plasterer’s trowel. Ron can paint in the...

The top mistakes you are making on social media image

The top mistakes you are making on social media

2nd November 2018

Guest blog by ZC Social Media Social media is all the rage right now. The beautiful thing is that it is used not only for socialising and catching up with friends...

PAC warns ‘cracks showing’ in HMRC’s performance ahead of Brexit image

PAC warns ‘cracks showing’ in HMRC’s performance ahead of Brexit

2nd November 2018

The Public Accounts Committee (PAC) has warned that ‘cracks are showing’ in HMRC’s performance ahead of Brexit, which is set to take place on 29...

UK late payment culture ‘showing signs of improvement’, research reveals

1st November 2018

The so-called late payment culture in the UK is ‘showing signs of improvement’, according to research carried out by invoicing solutions firm Tungsten...

Chancellor ‘gambled with public finances’ in Budget, states IFS image

Chancellor ‘gambled with public finances’ in Budget, states IFS

31st October 2018

The Institute for Fiscal Studies (IFS) has suggested that Chancellor Philip Hammond ‘gambled’ with public finances in the 2018 Autumn Budget. In its...

2018 Autumn Budget – the business reaction image

2018 Autumn Budget – the business reaction

30th October 2018

Business groups have responded to Chancellor Philip Hammond’s Autumn Budget speech. The Federation of Small Businesses (FSB) has welcomed the measures outlined...

Potential devil in detail for SME business owners in a mixed bag Budget, says McBrides Chartered Accountants image

Potential devil in detail for SME business owners in a mixed bag Budget, says McBrides Chartered Accountants

29th October 2018

Some interesting measures were announced for small and medium-sized businesses in Philip Hammond’s Budget 2018 today, with potential devil in the detail on...

2018 Autumn Budget – what to expect image

2018 Autumn Budget – what to expect

29th October 2018

Chancellor Philip Hammond will deliver his 2018 Autumn Budget speech today at 3:30pm. We will be keeping you up to date on the key Budget announcements. The 2018...

Ending austerity ‘will cost government £31 billion’, according to think tank

26th October 2018

Ending austerity ‘will cost the government £31 billion’, independent think tank the Resolution Foundation has suggested. In its pre-Budget analysis,...

HMRC urges taxpayers to complete self-assessment tax returns early image

HMRC urges taxpayers to complete self-assessment tax returns early

25th October 2018

With less than 100 days until the online self-assessment tax return deadline, HMRC is urging taxpayers to complete their tax returns early, in order to avoid the...

FCA grants more SMEs access to Financial Ombudsman Service

24th October 2018

The Financial Conduct Authority (FCA) has confirmed plans to extend the Financial Ombudsman Service to a greater number of small and medium-sized enterprises (SMEs). Under...

Businesses ‘frustrated by lack of progress in Brexit talks’

23rd October 2018

A survey carried out by the Confederation of British Industry (CBI) has suggested that ‘patience is now threadbare’ amongst UK businesses in regard to...

FSB urges Chancellor to use Budget to ‘reduce cost burdens for small businesses’ image

FSB urges Chancellor to use Budget to ‘reduce cost burdens for small businesses’

22nd October 2018

The Federation of Small Businesses (FSB) has urged Chancellor Philip Hammond to use the upcoming Budget to ‘reduce cost burdens for small businesses’. Within...

What could the Halloween Budget have in store? image

What could the Halloween Budget have in store?

19th October 2018

With a Halloween Budget just around the corner, we have sourced a crystal ball and have tuned in to the whispers in the Westminster corridors. Green taxes: Speculation...

Brexit uncertainty ‘affecting international trade’

19th October 2018

A survey carried out by the British Chambers of Commerce (BCC) and DHL Express UK has revealed that almost half of businesses have Brexit uncertainty in mind when...

HMRC launches second MTD for VAT pilot image

HMRC launches second MTD for VAT pilot

18th October 2018

HMRC has launched a second pilot scheme for Making Tax Digital for VAT (MTD for VAT). The Revenue has invited more than half a million UK businesses to test the...

Will the forthcoming Budget tighten IR35 rules? image

Will the forthcoming Budget tighten IR35 rules?

17th October 2018

Back in May we wrote about how HM Treasury and HMRC had opened a joint consultation on how the tax rules applying to off-payroll working – widely known...

Bank of England outlines plans for new £50 note

17th October 2018

The Bank of England (BoE) has confirmed that it intends to issue a new £50 note. The new £50 note will imitate the existing £5 and £10 notes,...

ABI urges Chancellor to avoid increasing IPT in Budget image

ABI urges Chancellor to avoid increasing IPT in Budget

16th October 2018

The Association of British Insurers (ABI) has urged Chancellor Philip Hammond to avoid increasing Insurance Premium Tax (IPT) in the forthcoming Budget. IPT is...

Government publishes further ‘no deal’ Brexit documents

15th October 2018

The government has published the latest batch of ‘no deal’ Brexit documents. A range of issues are covered within the documents, from consumer rights...

Business group proposes overhaul of tax regime for financial services sector image

Business group proposes overhaul of tax regime for financial services sector

12th October 2018

The Confederation of British Industry (CBI) has proposed an overhaul of the tax and regulatory regime for the financial services sector so that the industry can...

Sidcup accountants make For Jimmy their firm favourite image

Sidcup accountants make For Jimmy their firm favourite

11th October 2018

McBrides Chartered Accountants held a packed ‘Race Night For Jimmy’ at Sidcup Rugby Club last night and raised a total of £1,510 for the local...

OTS launches consultation on impact of taxation on UK firms image

OTS launches consultation on impact of taxation on UK firms

11th October 2018

The Office of Tax Simplification (OTS) has launched a new call for evidence, seeking views in regard to the impact of taxation on UK businesses. The call for evidence...

CBI publishes wishlist for 2018 Autumn Budget image

CBI publishes wishlist for 2018 Autumn Budget

10th October 2018

The Confederation of British Industry (CBI) has published its wishlist ahead of the Autumn Budget, which is set to be delivered on Monday 29 October. Within its...

BCC suggests UK economic growth is ‘flatlining'

9th October 2018

A survey carried out by the British Chambers of Commerce (BCC) has suggested that the UK economy is ‘stuck in a rut’, with economic growth ‘flatlining’. The...

Government announces stamp duty surcharge for overseas buyers of UK property image

Government announces stamp duty surcharge for overseas buyers of UK property

8th October 2018

The government recently announced that it intends to introduce a new stamp duty surcharge of 1% to 3% for foreign buyers of UK property. Prime Minister Theresa...

Welsh government publishes Draft Budget for 2019-20 image

Welsh government publishes Draft Budget for 2019-20

5th October 2018

The Welsh government recently published its Outline Draft Budget for 2019-20, with a full, in-depth breakdown to follow on 23 October 2018. Mark Drakeford, Finance...

Prime Minister announces fuel duty freeze image

Prime Minister announces fuel duty freeze

4th October 2018

Prime Minister Theresa May has announced that fuel duty will be frozen for the ninth consecutive year. Speaking at the Conservative party conference, the Prime...

Employer Supported Childcare scheme set to close to new entrants image

Employer Supported Childcare scheme set to close to new entrants

3rd October 2018

The Employer Supported Childcare (ESC) scheme will close to new entrants on 4 October 2018. After this time, only the government’s new Tax-Free Childcare...

Business rates ‘could be changed’ to help high street retailers image

Business rates ‘could be changed’ to help high street retailers

2nd October 2018

Business Secretary Greg Clark has suggested that business rates ‘could be changed’ in order to help high street retailers in the UK. Experts have stated...

One in ten firms ‘could become bankrupt’ as result of customs delays after Brexit

1st October 2018

A survey carried out by the Chartered Institute of Procurement and Supply (CIPS) has suggested that 10% of businesses ‘could become bankrupt’ as a result...

Research reveals £500 million stolen via fraud in first half of 2018

28th September 2018

Research published by trade association UK Finance has revealed that, during the first half of this year, criminals stole £503.4 million from the UK public...

Chancellor announces 2018 Autumn Budget date image

Chancellor announces 2018 Autumn Budget date

27th September 2018

Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Monday 29 October. The 2018 Autumn Budget will be the final Budget before the...

Referees show HMRC a red card image

Referees show HMRC a red card

26th September 2018

A recent tax case has once again ‘blown the whistle’ on the difficulty HMRC has in being able to determine whether an individual is employed or self-employed. It...

FSB calls on European Commission to ‘end late payments culture’ image

FSB calls on European Commission to ‘end late payments culture’

26th September 2018

The Federation of Small Businesses (FSB) has called on the European Commission (EC) to ‘up its fight’ in order to put an end to the late payments culture. In...

Additional ‘no deal’ Brexit documents published by government

25th September 2018

The government has published additional Brexit advisory documents, outlining how a ‘no deal’ scenario could affect air travel. The latest technical...

New report suggests two-thirds of SMEs ‘preparing growth plans'

24th September 2018

A new report published by Hitachi Capital has revealed that 67% of small and medium-sized enterprises (SMEs) are looking to prepare ‘growth plans’ in...

Treasury Select Committee calls for ‘greater regulation’ of crypto-currencies

21st September 2018

In a new report, the Treasury Select Committee has called for ‘greater regulation’ of crypto-currencies and crypto-assets. Cryptocurrency functions...

Inflation rate rises to six-month high

20th September 2018

Data published by the Office for National Statistics (ONS) has revealed that inflation unexpectedly rose to a six-month high of 2.7% in August. Experts had forecasted...

Significant number of UK firms ‘unaware of Making Tax Digital for VAT’ image

Significant number of UK firms ‘unaware of Making Tax Digital for VAT’

19th September 2018

Research carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that over 40% of UK businesses are ‘not yet aware’...

Managing working lives and mental health image

Managing working lives and mental health

18th September 2018

Guest blog by Alison Parmar, FSB Kent development manager The way we work has changed significantly. There are now more people than ever going it alone and setting...

BCC downgrades UK growth forecasts as result of Brexit uncertainty

18th September 2018

The British Chambers of Commerce (BCC) has downgraded its growth forecasts for the UK economy as a result of ongoing uncertainty surrounding Brexit. The BCC downgraded...

New technology ‘could pave way for better working conditions’, states TUC

17th September 2018

In a new report, the Trades Union Congress (TUC) has stated that new technology, such as artificial intelligence (AI) and robotics, could help to ‘pave the...

Government publishes the next set of ‘no deal’ Brexit documents

14th September 2018

The government has published a second batch of 28 technical notices, offering further guidance for businesses and individuals in the event of a ‘no deal’...

Government launches new Help to Save scheme image

Government launches new Help to Save scheme

13th September 2018

The Government has launched its new ‘Help to Save’ scheme, which is designed to encourage workers on lower incomes to save. The government-backed scheme...

Small business group unveils plans for ‘fairer energy market’

12th September 2018

The Federation of Small Businesses (FSB) has called for the introduction of ‘Open Banking’ style measures to the energy market, in a bid to allow small...

Do you know a student who could be due a tax refund? image

Do you know a student who could be due a tax refund?

11th September 2018

Many students will have worked at temporary jobs over the summer holidays and although some will continue to work while studying, others will not work again until...

New laws aim to help small businesses to secure funding image

New laws aim to help small businesses to secure funding

11th September 2018

Small businesses struggling to access invoice finance could be helped by the introduction of proposed new laws. The plans form part of the government’s ‘modern...

Government launches new trade taskforce

10th September 2018

The government has launched a new trade taskforce, with the stated aim of helping UK businesses to ‘develop trade links around the world’. The new taskforce,...

Government scraps national insurance tax cut for the self-employed image

Government scraps national insurance tax cut for the self-employed

7th September 2018

The government has scrapped a planned national insurance tax cut for self-employed workers. Class 2 national insurance contributions (NICs) were due to be abolished...

Online marketplaces to assist HMRC on trader VAT compliance image

Online marketplaces to assist HMRC on trader VAT compliance

6th September 2018

HMRC has announced it has reached an agreement with a number of online sales platforms, including Amazon and eBay, whereby those platforms will supply HMRC with...

IPPR calls for ‘fundamental reform’ of UK economy

6th September 2018

Think tank the Institute for Public Policy Research (IPPR) has called for a radical overhaul of the UK economy, stating that it ‘does not work well’...

Are you ready for Making Tax Digital? image

Are you ready for Making Tax Digital?

5th September 2018

With just seven months to go before Making Tax Digital (MTD) comes in for VAT, there are critical steps that businesses should be taking to ensure they are ready...

AAT outlines proposals to ‘protect taxpayers from tax rises’ image

AAT outlines proposals to ‘protect taxpayers from tax rises’

5th September 2018

In a new report, the Association of Accounting Technicians (AAT) has outlined a range of proposals designed to help raise funds for the NHS without instigating tax...

Childcare voucher scheme closes to new entrants on 4 October image

Childcare voucher scheme closes to new entrants on 4 October

4th September 2018

As the nights draw in earlier and children are going back to school, a timely reminder that childcare voucher schemes will close to new entrants on 4 October 2018. From...

Report reveals childcare fees have ‘risen faster than wages’ image

Report reveals childcare fees have ‘risen faster than wages’

4th September 2018

According to a report published by the Trades Union Congress (TUC), childcare fees have risen by 52% since 2008, while wages have risen by just 17%. The TUC described...

Significant rise in number of data breach complaints as result of GDPR

3rd September 2018

Research carried out by commercial law firm EMW has revealed that the number of data breach complaints made to the Information Commissioner’s Office (ICO)...

Time spent commuting ‘should count as part of working day' image

Time spent commuting ‘should count as part of working day'

31st August 2018

The University of the West of England (UWE) has suggested that time spent commuting should ‘count as part of the working day’. Many UK employees use...

Entrepreneurs’ relief called into question image

Entrepreneurs’ relief called into question

30th August 2018

The Resolution Foundation think tank today (30 August 2018) said that the benefits of entrepreneurs’ relief (ER) are concentrated among a few very wealthy...

Deadline fast approaching for those with undeclared offshore tax liabilities image

Deadline fast approaching for those with undeclared offshore tax liabilities

30th August 2018

The second Finance Bill in 2017 introduced a ‘Requirement to Correct’ (RTC) for taxpayers with undeclared UK income tax, capital gains tax (CGT) or inheritance...

Think tank urges government to abolish Entrepreneurs’ Relief image

Think tank urges government to abolish Entrepreneurs’ Relief

30th August 2018

Think tank the Resolution Foundation has dubbed Entrepreneurs’ Relief (ER) the UK’s ‘worst tax break’ and has urged the government to abolish...

Official data suggests SMEs ‘reaping the benefits’ of government’s digital spending

29th August 2018

Data published by the government has suggested that UK small and medium-sized enterprises (SMEs) are benefitting from a ‘flourishing Digital Marketplace’...

HMRC increases late tax payment rate image

HMRC increases late tax payment rate

28th August 2018

HMRC has announced an increase in its late tax payment rate, although it has not increased the corresponding interest rate for repayments to taxpayers who have overpaid...

Government publishes ‘no deal’ Brexit advisory documents image

Government publishes ‘no deal’ Brexit advisory documents

24th August 2018

The government has published the first batch in a series of ‘no deal’ Brexit technical notices, which aim to help businesses and individuals prepare...

Significant number of businesses ‘unsure about GDPR compliance’ image

Significant number of businesses ‘unsure about GDPR compliance’

23rd August 2018

28% of businesses are unsure about their compliance with the General Data Protection Regulation (GDPR), according to a survey carried out by Infosecurity Europe. The...

Small businesses ‘planning for range of Brexit outcomes’, research suggests

22nd August 2018

Research carried out by banking group Close Brothers has suggested that 47% of UK small businesses have started to plan for a range of possible Brexit outcomes. Ahead...

Treasury outlines proposals for ‘tax on plastic waste’ image

Treasury outlines proposals for ‘tax on plastic waste’

21st August 2018

In response to a recent call for evidence, the Treasury has outlined proposals to use the UK tax system to reduce plastic waste from single-use items, such as straws,...

£2 million lost to cryptocurrency fraud over last two months, data reveals

20th August 2018

Data published by Action Fraud has revealed that UK consumers lost £2 million to cryptocurrency scams during June and July. According to Action Fraud, criminals...

New regulation requires banks to disclose customer satisfaction scores

17th August 2018

Following a joint investigation by the Competition and Markets Authority (CMA) and the Financial Conduct Authority (FCA), banks will now be required to publish their...

SMEs ‘confident in regard to growth prospects’, survey finds

16th August 2018

A survey carried out by Wesleyan Bank has suggested that UK small and medium-sized enterprises (SMEs) are confident about their future growth prospects. The Bank...

Research finds over £2 billion stolen via credit card fraud in last year

15th August 2018

Research carried out by comparison website comparethemarket.com has revealed that more than £2 billion has been stolen from individuals’ debit and credit...

Almost two-thirds of over-50s will ‘retire later than expected’, survey suggests image

Almost two-thirds of over-50s will ‘retire later than expected’, survey suggests

14th August 2018

A survey carried out by insurance firm Aviva has found that 63% of over-50s in work are planning to retire later than they previously intended. Of the 2,497 people...

Official figures reveal boost in UK economic growth

13th August 2018

Figures published by the Office for National Statistics (ONS) have revealed a boost in UK economic growth. The UK economy grew by 0.4% in the three months to June,...

CIOT welcomes MTD for VAT ‘soft landing’ concession for taxpayers image

CIOT welcomes MTD for VAT ‘soft landing’ concession for taxpayers

10th August 2018

The Chartered Institute of Taxation (CIOT) has welcomed the legal status given to the Making Tax Digital for VAT (MTD for VAT) ‘soft landing’ period,...

Survey suggests mental health becoming ‘less taboo’ in UK workplaces image

Survey suggests mental health becoming ‘less taboo’ in UK workplaces

9th August 2018

A survey carried out by the British Chambers of Commerce (BCC) and insurer Aviva has suggested that discussing mental health in the workplace is becoming ‘less...

HMRC urges taxpayers to declare offshore assets image

HMRC urges taxpayers to declare offshore assets

8th August 2018

HMRC is urging UK taxpayers to declare foreign income or profits on offshore assets ahead of the 30 September 2018 Requirement to Correct (RTC) disclosure deadline. The...

Extend gender pay gap reporting to include small firms, urges Committee image

Extend gender pay gap reporting to include small firms, urges Committee

7th August 2018

A report published by the Business, Energy and Industrial Strategy (BEIS) Committee has stated that the gender pay gap reporting initiative should be extended to...

IoD states UK businesses ‘left in the dark’ in regard to Brexit plans

6th August 2018

The Institute of Directors (IoD) has stated that UK businesses have been ‘left in the dark’ in regard to the government’s Brexit plans. An IoD...

Business groups respond to interest rates rise

3rd August 2018

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded...

Bank of England seeks to take heat out of the economy with rate rise image

Bank of England seeks to take heat out of the economy with rate rise

2nd August 2018

As expected, the Bank of England governor Mark Carney today announced an interest rate of 0.75%, an increase of 0.25%. Nick Paterno, managing partner of McBrides...

Official data reveals ‘record amount’ of inheritance tax collected by HMRC image

Official data reveals ‘record amount’ of inheritance tax collected by HMRC

2nd August 2018

Official figures have revealed that HMRC collected a ‘record amount’ of inheritance tax (IHT) in the 2017/18 tax year. IHT receipts totalled £5.2...

Brexit will ‘hurt UK and EU member state economies’, warns IMF

1st August 2018

The International Monetary Fund (IMF) has warned that Brexit will adversely affect the UK economy, alongside the economies of EU member states. In a recently published...

New review to consider the impact of ‘cashless technology’

31st July 2018

An independent review has been set up to examine the impact and implications of using new technology to make payments over the course of the next five to 15 years. The...

‘One in twelve workers’ not taking full holiday entitlement image

‘One in twelve workers’ not taking full holiday entitlement

30th July 2018

With the holiday season now in full swing, a recent study has suggested that over a million employees do not currently take their full holiday entitlement. In addition,...

Treasury Committee calls for reformation of tax relief on pensions image

Treasury Committee calls for reformation of tax relief on pensions

27th July 2018

In a new report, the Treasury Committee has called for the government to reform tax relief on pensions. The Committee reviewed the current state of UK household...

BCC urges HMRC to ‘cut the complexity’ associated with tax administration image

BCC urges HMRC to ‘cut the complexity’ associated with tax administration

26th July 2018

The British Chambers of Commerce (BCC) has urged HMRC to ‘reverse the burden and complexity’ associated with tax administration and compliance. A survey...

Keep workplaces cool during heatwave, TUC urges employers image

Keep workplaces cool during heatwave, TUC urges employers

25th July 2018

The Trades Union Congress (TUC) has urged employers to keep their workplaces cool during the heatwave, and to be lenient with their employees in regard to dress...

HMRC launches new consultation on pensions cold calling ban image

HMRC launches new consultation on pensions cold calling ban

24th July 2018

Following a previous consultation on the matter, HMRC has launched a new technical consultation on draft proposals to ban pensions cold calling. During the 2016...

Investment in innovation needed to ‘help boost SME productivity’, states FSB

23rd July 2018

The Federation of Small Businesses (FSB) has urged the government to invest in innovation in order to help ‘boost productivity’ amongst small and medium-sized...

‘Record amount’ of tax collected by HMRC image

‘Record amount’ of tax collected by HMRC

20th July 2018

A ‘record amount’ of tax has been collected by HMRC, official data has revealed. The data showed that, in the year to April 2018, HMRC collected a total...

OBR warns tax rises will be required to fund health service spending image

OBR warns tax rises will be required to fund health service spending

19th July 2018

In its latest Fiscal Sustainability Report (FSR), the Office for Budget Responsibility (OBR) has warned that tax rises or spending cuts will be required in order...

Business confidence ‘reaches two-year high’, research suggests

18th July 2018

Research carried out by Lloyds Bank has revealed that confidence amongst UK firms has ‘reached a two-year high’. The Bank’s confidence index rose...

FRC publishes new Corporate Governance Code image

FRC publishes new Corporate Governance Code

17th July 2018

The Financial Reporting Council (FRC) has published a revised Corporate Governance Code, which ‘emphasises the importance of positive relationships between...

Government urged to ‘pick up the pace’ in regard to Apprenticeship Levy reform image

Government urged to ‘pick up the pace’ in regard to Apprenticeship Levy reform

16th July 2018

The Confederation of British Industry (CBI) has urged the government to ‘pick up the pace’ in regard to its reform of the Apprenticeship Levy initiative. Introduced...

Business groups respond to publication of Brexit White Paper

13th July 2018

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded...

UK pensioners ‘pay an average annual tax bill of £3,500’, research reveals image

UK pensioners ‘pay an average annual tax bill of £3,500’, research reveals

12th July 2018

An analysis carried out by insurer Royal London has revealed that the average annual tax bill for taxpayers over the state pension age totals £3,522. Royal...

Committee raises concerns over impact of business rates on UK firms image

Committee raises concerns over impact of business rates on UK firms

11th July 2018

The Treasury Committee has expressed concerns in regard to the impact of the UK’s current business rates system on firms. In a letter to Chancellor Philip...

HMRC tax investigations into SMEs are ‘too intensive’ image

HMRC tax investigations into SMEs are ‘too intensive’

10th July 2018

New research commissioned by HMRC has revealed that more than half of small and medium-sized enterprises (SMEs) believe that HMRC’s tax investigations are...

Government publishes Finance Bill 2018-19 draft legislation image

Government publishes Finance Bill 2018-19 draft legislation

9th July 2018

The government has published draft legislation for Finance Bill 2018-19. The draft legislation is open for consultation, and ‘continues the government’s...

New fund launched to ‘increase productivity’ amongst SMEs

6th July 2018

The government has launched a new £8 million ‘Business Basics Fund’, with the stated aim of helping small and medium-sized enterprises (SMEs) in...

UK businesses must prepare for ‘no deal’ Brexit, warns ICAEW

5th July 2018

The Institute of Chartered Accountants in England and Wales (ICAEW) has warned that businesses in the UK must prepare for a ‘no deal’ Brexit. Research...

Couples urged to claim free tax break image

Couples urged to claim free tax break

4th July 2018

HMRC is urging eligible married couples and civil partners to claim a free tax break worth up to £238 per year, as official data suggests that more than a...

HMRC ‘saves consumers more than £2.4 million’ in its fight against cybercrime image

HMRC ‘saves consumers more than £2.4 million’ in its fight against cybercrime

3rd July 2018

Newly-published figures have revealed that HMRC has ‘saved the public over £2.4 million’ by tackling fraudsters who trick consumers into using...

Confidence amongst the self-employed has ‘fallen significantly’, FSB finds

2nd July 2018

Research carried out by the Federation of Small Businesses (FSB) has suggested that confidence levels amongst the self-employed have ‘fallen significantly’...

Think tank calls for major reform of buy-to-let market

29th June 2018

The popularity of the buy-to-let market is making it difficult for many people, including first-time buyers and families, to become homeowners, according to a report...

McBrides highly commended in the Bexley Business Awards image

McBrides highly commended in the Bexley Business Awards

28th June 2018

We were delighted to be Highly Commended in the Commitment to the Community category in the prestigious Bexley Business Excellence Awards last night (27 June). Our...

FSB urges government to improve supply chain procedures image

FSB urges government to improve supply chain procedures

28th June 2018

A new report from the Federation of Small Businesses (FSB) has revealed that many small firms which are in the supply chains of public sector projects suffer as...

Business groups call for ‘urgent progress’ in Brexit negotiations

27th June 2018

As the EU Withdrawal Bill becomes law, business groups and unions from the UK and the EU have called for ‘increased pace and urgency’ in Brexit negotiations. The...

Client Spotlight – Michael O’Mara Books image

Client Spotlight – Michael O’Mara Books

26th June 2018

Michael O’Mara Books (MOM Books) has been a McBrides client since the company incorporated in December 1984. At the time the publisher’s only two...

Join our graduate training programme image

Join our graduate training programme

26th June 2018

Do you know a recent graduate who’s keen to kick-start a career in the accountancy profession, earn as they learn and work with owner-managed businesses? If...

Welcome to our new recruits image

Welcome to our new recruits

26th June 2018

We’ve welcomed two new people to the McBrides team since our last issue of Business Arena – the second and third to join us in two months. Matt Reid...

'eXtra' protection from the taxman image

'eXtra' protection from the taxman

26th June 2018

Small businesses are more likely to be reviewed by the taxman after HMRC admitted that one in ten small businesses is under investigation as it attempts to recoup...

Almost half of SMEs ‘unaware of Making Tax Digital’ image

Almost half of SMEs ‘unaware of Making Tax Digital’

26th June 2018

A recent report has revealed that 41% of small business owners are ‘still unaware’ of Making Tax Digital (MTD). Under MTD for VAT, from 1 April 2019...

UK entrepreneurs call on government to ‘provide more support’ image

UK entrepreneurs call on government to ‘provide more support’

25th June 2018

In a recent report carried out by banking group Aldermore, UK entrepreneurs have called on the government to supply them with ‘more support’. Aldermore...

BCC states UK economy ‘set for worst growth since 2009’

22nd June 2018

The British Chambers of Commerce (BCC) has warned that the UK economy is set for its ‘weakest year’ of Gross Domestic Product (GDP) growth since 2009. In...

SMEs urge government to simplify UK business rates system

21st June 2018

A report published by banking group Close Brothers has revealed that 71% of UK small and medium-sized enterprises (SMEs) would like the UK’s business rates...

Business leaders call on Chancellor to review UK tax system image

Business leaders call on Chancellor to review UK tax system

20th June 2018

In a letter to Chancellor Philip Hammond, leaders of some of the UK’s most prominent business associations have urged the government to undertake a review...

Report suggests payments by card are ‘now more popular than using cash’

19th June 2018

A report published by trade association UK Finance has revealed that, by the end of 2017, more payments were made using debit cards, at 13.2 billion payments, than...

UK tax gap ‘falls to £33bn’ image

UK tax gap ‘falls to £33bn’

18th June 2018

Recent figures from HMRC have revealed that the UK ‘tax gap’ equated to 5.7% of total tax liabilities for the 2016/17 tax year. The term refers to the...

Government to require businesses to justify executives’ salaries image

Government to require businesses to justify executives’ salaries

15th June 2018

New plans outlined by the government could require large businesses to justify executives’ salaries. Under the plans, firms with more than 250 employees will...

Inheritance tax ‘unnecessarily complicated’, states AAT image

Inheritance tax ‘unnecessarily complicated’, states AAT

14th June 2018

The Association of Accounting Technicians (AAT) has stated that inheritance tax (IHT) is ‘unnecessarily complicated’ and ‘widely misunderstood’. Responding...

Pimlico Plumbers decision - check employment status for tax purposes image

Pimlico Plumbers decision - check employment status for tax purposes

13th June 2018

A court ruling which today decided that a self-employed VAT-registered plumber was entitled to workers' rights having worked for Pimlico Plumbers for six years looks...

UK small firms ‘unprepared for business interruption’, FSB warns image

UK small firms ‘unprepared for business interruption’, FSB warns

13th June 2018

The Federation of Small Businesses (FSB) has warned that the majority of UK small firms are ‘unprepared’ for disruption risks that internal and external...

GDPR fines ‘could increase cybercrime ransom demands’

12th June 2018

As a result of the introduction of the General Data Protection Regulation (GDPR) last month, cybersecurity firm CrowdStrike has warned that businesses may be lured...

Study suggests many individuals ‘plan to work past retirement age’ image

Study suggests many individuals ‘plan to work past retirement age’

11th June 2018

A study carried out by insurance company Prudential has suggested that a significant number of employees are planning to work past their state pension age. Prudential...

Artificial intelligence ‘will be critical to firms’ survival’, survey suggests

8th June 2018

Artificial intelligence (AI) will be ‘critical’ to firms’ survival over the coming five years, a survey carried out by software firm SAP has suggested. According...

Business group urges government to increase VAT registration threshold image

Business group urges government to increase VAT registration threshold

7th June 2018

The Association of Independent Professionals and the Self-Employed (IPSE) has urged the government to increase the VAT registration threshold in order to ‘stimulate...

Business group calls on large firms to ‘lead the way’ in tackling late payment image

Business group calls on large firms to ‘lead the way’ in tackling late payment

6th June 2018

The Federation of Small Businesses (FSB) has urged large businesses to take immediate action to end the ‘culture of late payment, poor payment practice and...

Rising fuel prices adversely affecting UK businesses, industry warns

5th June 2018

The motoring industry has warned that rising prices for both petrol and diesel are adversely affecting UK businesses. Data published by the RAC revealed that, during...

Significant number of UK firms affected by cyber-attacks and breaches, survey finds

4th June 2018

A survey carried out by the Department for Digital, Culture, Media and Sport (DCMS) has revealed that a significant number of UK businesses have been affected by...

Self-employed individuals ‘unfazed by Brexit’, study suggests

1st June 2018

A study carried out by mortgage lender Kensington Mortgages has suggested that a significant number of the UK’s self-employed workers are ‘unfazed’...

Government launches new private sector IR35 consultation image

Government launches new private sector IR35 consultation

31st May 2018

HM Treasury and HMRC have opened a joint consultation on how the tax rules applying to off-payroll working are being applied. More commonly known as the IR35 rules,...

OTS publishes review into the taxation of savings income image

OTS publishes review into the taxation of savings income

31st May 2018

The Office of Tax Simplification (OTS) has published a comprehensive review into the taxation of savings income. In its review, the OTS identified areas that could...

Government outlines proposals to fine company directors for unsolicited calls

30th May 2018

The government has outlined new proposals to fine bosses of UK businesses which make unsolicited phone calls. Figures published by regulator Ofcom revealed that...

Sidcup accountants raise £4,600 for Jimmy Mizen family charity image

Sidcup accountants raise £4,600 for Jimmy Mizen family charity

29th May 2018

A team from McBrides Chartered Accountants in Sidcup, including friends and family, undertook #WalkingForJimmy on Saturday, 26 May, to raise awareness and over £4,600...

Think tank suggests UK taxpayers are giving ‘majority of their income’ to the Treasury image

Think tank suggests UK taxpayers are giving ‘majority of their income’ to the Treasury

29th May 2018

Think tank the Adam Smith Institute has suggested that UK taxpayers are giving more of their income to the Treasury than at any other time. According to research...

Bank of England Governor states Brexit has ‘cost UK households £900’

25th May 2018

The Brexit vote has left UK households ‘£900 worse off’, according to the Bank of England (BoE) Governor, Mark Carney. In addition, the BoE stated...

Safeguarding your personal information – McBrides’ commitment

24th May 2018

A new regulation impacting the way companies hold and process your data is coming into effect this Friday, 25 May and it’s important that you understand what...

IFS warn tax rises will be needed in order to sustain health service image

IFS warn tax rises will be needed in order to sustain health service

24th May 2018

The Institute for Fiscal Studies (IFS) has warned that the NHS will require tax rises in order to maintain the level of service it currently supplies. In a recently...

UK firms give broadly positive feedback on HMRC customer service image

UK firms give broadly positive feedback on HMRC customer service

23rd May 2018

According to a recently-published HMRC survey, 55% of UK mid-size businesses are satisfied with the customer service the Revenue has provided to them. In 2016,...

Broadband speeds for UK households and small businesses are ‘51% slower than advertised’

22nd May 2018

Research conducted by consumer group Which? has revealed that, on average, many UK households and small businesses only receive half the broadband speed they pay...

Significant number of UK employees worked from home in 2017, TUC reveals image

Significant number of UK employees worked from home in 2017, TUC reveals

21st May 2018

An analysis carried out by the Trades Union Congress (TUC) has revealed that 6.1% of UK employees regularly worked from home in 2017. In comparison, 5.1% worked...

HMRC adds two new software providers to Making Tax Digital pilot image

HMRC adds two new software providers to Making Tax Digital pilot

18th May 2018

HMRC has added two new software providers to its Making Tax Digital (MTD) for income tax pilot scheme, bringing the current total to four. The software providers...

UK workers will require pension pot of ‘at least’ £260,000, says study image

UK workers will require pension pot of ‘at least’ £260,000, says study

17th May 2018

A study carried out by insurers Royal London has suggested that UK workers will require a pension pot of ‘at least’ £260,000 to ensure a comfortable...

UK set to experience ‘strong growth in demand for labour’ in second quarter of 2018 image

UK set to experience ‘strong growth in demand for labour’ in second quarter of 2018

16th May 2018

A survey carried out by the Chartered Institute of Personnel and Development (CIPD) has suggested that the UK is on course to experience ‘strong growth’...

Survey suggests millennials feel ‘under most pressure’ at work image

Survey suggests millennials feel ‘under most pressure’ at work

15th May 2018

A survey conducted by the Mental Health Foundation and Mental Health First Aid England has suggested that millennials feel under the most pressure at work when compared...

Business group brands UK wage squeeze ‘worst in modern history’ image

Business group brands UK wage squeeze ‘worst in modern history’

14th May 2018

The Trades Union Congress (TUC) has branded the UK’s current ‘wage squeeze’ as the ‘worst in modern history’. An analysis of Office...

Many individuals believe self-employment has ‘improved quality of life’, survey finds image

Many individuals believe self-employment has ‘improved quality of life’, survey finds

11th May 2018

A survey carried out by AXA Business Insurance has revealed that a significant number of self-employed individuals believe that working for themselves has ‘improved...

Interest rates on hold following the Beast from the East image

Interest rates on hold following the Beast from the East

10th May 2018

Mark Carney, the governor of the Bank of England, announced today that interest rates would remain at 0.5%. Nick Paterno, managing partner at McBrides Chartered...

HMRC issues warning over tax refund scams image

HMRC issues warning over tax refund scams

10th May 2018

HM Revenue and Customs has issued a warning to taxpayers regarding the latest tax refund scams, which are targeting individuals via email and SMS messages. As HMRC...

Car insurance costs proving a ‘significant burden’ for young drivers

9th May 2018

Young drivers in the UK are facing significant challenges as a result of high car insurance premiums, according to a recent report by comparison website Comparethemarket.com The...

New digital pension schemes service is delayed image

New digital pension schemes service is delayed

8th May 2018

The launch of the government’s new digital pension scheme platform has been delayed, HMRC has announced. Under the new system, HMRC is moving pension scheme...

Brexit causes HMRC to delay Making Tax Digital for individuals image

Brexit causes HMRC to delay Making Tax Digital for individuals

4th May 2018

HMRC have delayed the full roll-out of Making Tax Digital (MTD) while the UK prepares to leave the EU in 2019. MTD for individuals was scheduled to take effect...

Think tank proposes replacing inheritance tax with ‘Lifetime Receipts Tax’ image

Think tank proposes replacing inheritance tax with ‘Lifetime Receipts Tax’

3rd May 2018

In a new report, think tank the Resolution Foundation has suggested that inheritance tax (IHT) should be abolished, and be replaced by a new ‘Lifetime Receipts...

Late payments ‘remain a real problem’ for SMEs, research finds image

Late payments ‘remain a real problem’ for SMEs, research finds

2nd May 2018

Late payments ‘remain a real problem’ for UK small and medium-sized enterprises (SMEs), research carried out by accounting software company Xero has...

‘Avalanche of cuts’ affecting UK economy, says TUC

1st May 2018

The Trades Union Congress (TUC) has suggested that growth in the UK economy is being adversely affected by an ‘avalanche of cuts’. Preliminary estimates...

UK businesses ‘targeting international trade’ as part of growth plans, survey suggests

30th April 2018

A survey carried out by distribution group CitySprint has suggested that UK firms are considering trading internationally in order to grow and expand their business. The...

Abolition of stamp duty for first-time homebuyers ‘benefits 69,000 households’ image

Abolition of stamp duty for first-time homebuyers ‘benefits 69,000 households’

27th April 2018

The abolition of Stamp Duty Land Tax (SDLT) for first-time homebuyers of properties worth under £300,000 has ‘benefitted 69,000 households’, government...

‘Time running out’ for SMEs to prepare for introduction of GDPR, says FSB

26th April 2018

With less than one month until the introduction of the new General Data Protection Regulation (GDPR), the Federation of Small Businesses (FSB) has warned small and...

Client Spotlight – Stoneham Plc image

Client Spotlight – Stoneham Plc

25th April 2018

Our latest focus on clients looks at a fifth-generation family business. Stoneham plc has grown from a woodturning business, started in the basement of William...

GDPR – are you compliant? image

GDPR – are you compliant?

25th April 2018

It’s been a long time coming but precisely one month from now the General Data Protection Regulation (GDPR) finally comes into force. Organisations will be...

Report finds identity fraud ‘on the rise’ in the UK

25th April 2018

A new report published by fraud prevention service Cifas has revealed that 2017 had the ‘highest number of identity fraud cases ever recorded’. Cifas...

Cost of Brexit ‘divorce bill’ still unclear, says NAO

24th April 2018

The National Audit Office (NAO) has stated that the final cost of the UK’s Brexit ‘divorce bill’ remains ‘uncertain’. There are many...

Men ‘getting better state pension deal’ than women, research suggests image

Men ‘getting better state pension deal’ than women, research suggests

23rd April 2018

Research carried out by Which? has suggested that men get a ‘better state pension deal’ than women, with men receiving almost £29,000 more than...

Many businesses ‘not seeing improvements in UK mobile network’, states BCC

20th April 2018

The British Chambers of Commerce (BCC) has stated that a significant number of UK businesses are ‘not seeing improvements’ in the UK’s mobile network. A...

Think tank proposes creation of a ‘wealth fund’ to address wealth inequality

19th April 2018

The Institute for Public Policy Research (IPPR) has proposed the creation of a new wealth fund to help address ‘growing wealth inequality’. The ‘Citizens’...

Wage growth rate overtakes inflation for ‘first time in a year’, official figures reveal image

Wage growth rate overtakes inflation for ‘first time in a year’, official figures reveal

18th April 2018

Figures published by the Office for National Statistics (ONS) have revealed that the UK’s wage growth rate rose at a faster pace than inflation during the...

OTS calls for ‘urgent review’ into how UK tax system affects businesses image

OTS calls for ‘urgent review’ into how UK tax system affects businesses

17th April 2018

In a new report, the Office of Tax Simplification (OTS) has called for the government to carry out ‘urgent work’ in order to simplify the business tax...

Growth in UK economy slow ‘despite export boost’

16th April 2018

A survey carried out by the British Chambers of Commerce (BCC) has showed that although export sales increased in the first quarter of 2018, the UK’s overall...

Confidence in UK economy has ‘returned to positive figures’, IoD finds

13th April 2018

Business leaders’ confidence in the UK economy has ‘returned to positive figures’ and has risen to its highest level since Article 50 was triggered,...

CBI warns of cost rises if UK strays from EU regulations

12th April 2018

In a new report, the Confederation of British Industry (CBI) has warned the government that costs could rise for businesses if the UK were to diverge from EU regulations. The...

Proposals for making UK ‘best place in world to do business’ outlined by taskforce image

Proposals for making UK ‘best place in world to do business’ outlined by taskforce

11th April 2018

The Small Business Taskforce has outlined a series of recommendations with the stated aim of ensuring that the UK remains ‘one of the best places in the world...

EMI share options – companies beware image

EMI share options – companies beware

11th April 2018

Companies that grant Enterprise Management Incentive (EMI) share options, should be aware of an important HMRC bulletin issued on 4 April 2018, which impacts...

Changes to termination payments could increase employer tax liability image

Changes to termination payments could increase employer tax liability

10th April 2018

Recent changes to payments in lieu of notice (PILONs) could mean further tax is due from employers when employees leave. Under previous rules, an employer could...

Business groups call for ‘urgent reform’ of Apprenticeship Levy image

Business groups call for ‘urgent reform’ of Apprenticeship Levy

9th April 2018

Business groups, including the Confederation of British Industry (CBI) and the Institute of Directors (IoD), have called for the government to reform its Apprenticeship...

New business and tax measures take effect image

New business and tax measures take effect

6th April 2018

As the 2018/19 tax year commences, a handful of new business and tax measures have come into effect, some of which are outlined below. From 6 April, the tax-free...

Government publishes ‘sugar tax’ guidance ahead of its introduction on 6 April image

Government publishes ‘sugar tax’ guidance ahead of its introduction on 6 April

5th April 2018

Ahead of its introduction on 6 April, the government has published guidance on how to pay the so-called ‘sugar tax’ and file Soft Drinks Industry Levy...

Businesses urged to publish gender pay gap figures as deadline approaches image

Businesses urged to publish gender pay gap figures as deadline approaches

4th April 2018

The government has urged businesses in the voluntary and private sectors to publish their gender pay gap data ahead of the deadline of midnight on 4 April. Around...

McBrides expands tax team with new director appointment image

McBrides expands tax team with new director appointment

3rd April 2018

McBrides Chartered Accountants is expanding its tax services this month, taking on a new tax director who trained and qualified with the firm 17 years ago. Masum...

BCC survey suggests UK infrastructure ‘less reliable’ than five years ago

3rd April 2018

A survey carried out by the British Chambers of Commerce (BCC) has suggested that UK infrastructure is ‘less reliable’ for businesses when compared to...

Confidence amongst small businesses is ‘rebounding’, says FSB

29th March 2018

Confidence amongst UK small firms is ‘rebounding’, according to a survey carried out by the Federation of Small Businesses (FSB). In the first quarter...

Reviews into UK tax system launched by committee image

Reviews into UK tax system launched by committee

28th March 2018

The Treasury Committee has launched three reviews into the UK’s tax system and how it operates. Tax avoidance and evasion, the VAT system, and the conduct...

Making Tax Digital income tax pilot open to self-employed image

Making Tax Digital income tax pilot open to self-employed

27th March 2018

HMRC has recently launched a Making Tax Digital (MTD) pilot for income tax for self-employed taxpayers. This is currently open to sole traders with income from only...

Survey suggests many SMEs ‘opting to self-fund’

26th March 2018

A survey carried out by market research group BDRC has suggested that many UK small and medium-sized enterprises (SMEs) are choosing to fund their expansion and...

UK wages ‘rising at fastest rate in two years’, data reveals image

UK wages ‘rising at fastest rate in two years’, data reveals

23rd March 2018

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 2.6% during the three months to January – representing...

Government data suggests 77% of UK firms ‘paying men more than women’ image

Government data suggests 77% of UK firms ‘paying men more than women’

22nd March 2018

Data published by the Government Equalities Office has suggested that 77% of UK firms who have unveiled their gender pay gap figures pay male employees more than...

Business groups respond to government’s Brexit transition period agreement

21st March 2018

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded...

Charities ‘missing out’ on Gift Aid

20th March 2018

HMRC is urging the public to declare Gift Aid on their charitable donations after research found that UK charities are missing out on £600 million in extra...

Personal tax planning – five tips for minimising your tax liabilities image

Personal tax planning – five tips for minimising your tax liabilities

20th March 2018

Is it too late for me to take steps to minimise my tax liabilities before 5 April? There are fewer reliefs available these days to mitigate your personal tax liabilities,...

New rules introduced to tackle online VAT fraud image

New rules introduced to tackle online VAT fraud

19th March 2018

New rules aimed at combating online VAT fraud have been introduced by the government. The rules, which were first announced by Chancellor Philip Hammond during...

Government launches £67 million full-fibre broadband scheme

16th March 2018

The government has launched a new £67 million full-fibre broadband scheme, with the stated aim of assisting small businesses and individuals to gain access...

IFS states tax rises of £30 billion per year needed in order to reduce deficit image

IFS states tax rises of £30 billion per year needed in order to reduce deficit

15th March 2018

In its response to the Chancellor’s Spring Statement, the Institute for Fiscal Studies (IFS) has suggested that tax increases amounting to £30 billion...

2018 Spring Statement: Chancellor invites views of small firms on VAT threshold image

2018 Spring Statement: Chancellor invites views of small firms on VAT threshold

14th March 2018

In his 2018 Spring Statement, Chancellor Philip Hammond invited small businesses to provide feedback on the impact of the current VAT threshold. In November 2017,...

Spring Statement 2018: Significant changes for small businesses and a potential giveaway in November image

Spring Statement 2018: Significant changes for small businesses and a potential giveaway in November

13th March 2018

Commenting on today’s Spring Statement, Nick Paterno, managing partner of McBrides Chartered Accountants in Sidcup said: “Expected to be low on measures...

Research suggests average UK small business owed £63,000 in late payments image

Research suggests average UK small business owed £63,000 in late payments

12th March 2018

Research carried out by commercial data provider Dun & Bradstreet has suggested that the average UK small business is owed £63,881 in late payments. A...

The Spring Statement: Spring Forward or Freeze Frame? image

The Spring Statement: Spring Forward or Freeze Frame?

12th March 2018

The Chancellor, Philip Hammond, will give the Government’s first ‘Spring Statement’ to Parliament this Tuesday at 12:30. Why is this interesting? Well,...

TUC analysis of gender pay gap suggests women ‘work for free for two months’ image

TUC analysis of gender pay gap suggests women ‘work for free for two months’

9th March 2018

A Trades Union Congress (TUC) analysis of gender pay inequality has suggested that, on average, women have to wait 67 days before they get paid, when compared to...

Brexit ‘should not overshadow growth’, BCC warns government

8th March 2018

The British Chambers of Commerce (BCC) has warned the government that Brexit should not overshadow its plans for boosting growth in the UK economy. The business...

Isn’t it time you took on an apprentice? image

Isn’t it time you took on an apprentice?

8th March 2018

It’s National Apprenticeship Week and there will be many stories in the media about the success of the government programme, but what benefit does the scheme...

Government publishes Making Tax Digital for VAT legislation image

Government publishes Making Tax Digital for VAT legislation

7th March 2018

The government has published the Value Added Tax (Amendment) Regulations 2018, which outline the requirements for Making Tax Digital for VAT. The new regulations...

DiveCrew 2012 Ltd win the FSB Family Business of the Year sponsored by McBrides Chartered Accountants image

DiveCrew 2012 Ltd win the FSB Family Business of the Year sponsored by McBrides Chartered Accountants

6th March 2018

The FSB unveiled the winners of their Celebrating Small Business Awards (south east) today at Sandown Park Racecourse. McBrides Chartered Accountants sponsored...

Figures show significant increase in contactless card fraud

6th March 2018

Contactless card fraud increased to £5.6 million in the first half of 2017, the latest figures published by UK Finance show. This figure comprises money stolen...

IPPR suggests abolishing income tax bands to help taxpayers save image

IPPR suggests abolishing income tax bands to help taxpayers save

5th March 2018

The Institute for Public Policy Research (IPPR) has suggested that income tax bands should be abolished in order for taxpayers to save more. A report published...

Report urges businesses to ‘do more to protect against cybercrime’ image

Report urges businesses to ‘do more to protect against cybercrime’

2nd March 2018

A large proportion of small and medium-sized enterprises (SMEs) and the general public underestimate the threat of cybercrime, a new report from the government’s...

TUC urges employers to remain vigilant as heavy snowfall affects much of the UK image

TUC urges employers to remain vigilant as heavy snowfall affects much of the UK

1st March 2018

The Trades Union Congress (TUC) has urged employers to stay vigilant in the wake of heavy snowfall currently affecting much of the UK. It stated that whilst employees...

Chancellor urged to freeze business rates in upcoming Spring Statement image

Chancellor urged to freeze business rates in upcoming Spring Statement

28th February 2018

Chancellor Philip Hammond has been urged to freeze business rates in his forthcoming Spring Statement, which is set to be delivered on Tuesday 13 March. Figures...

HMRC to receive £100 million as result of Panama Papers investigations image

HMRC to receive £100 million as result of Panama Papers investigations

27th February 2018

HMRC has confirmed that, after following leads generated by investigations into the so-called Panama Papers, it expects to receive £100 million in additional...

Study suggests unpaid overtime caused UK workers to lose £31 billion in 2017 image

Study suggests unpaid overtime caused UK workers to lose £31 billion in 2017

26th February 2018

A study carried out by the Trades Union Congress (TUC) has suggested that UK workers lost £31.2 billion last year as a direct result of working unpaid overtime. The...

Deadline to spend old £10 notes rapidly approaching, Bank of England warns

23rd February 2018

The Bank of England (BoE) has warned that the deadline for spending old £10 notes is rapidly approaching. Paper £10 notes, which feature a portrait...

Data shows many firms ‘paying male employees more than female employees’ image

Data shows many firms ‘paying male employees more than female employees’

22nd February 2018

Data published by the government’s Equalities Office has revealed that a vast majority of UK firms are paying male employees more than their female employees. The...

Employers must act ahead of April and June auto-enrolment deadlines image

Employers must act ahead of April and June auto-enrolment deadlines

22nd February 2018

The clock is now ticking for the June 2018 auto-enrolment deadline when the final 150,000 employers must enrol their employees into workplace pensions. However,...

Businesses ‘turning to alternative sources of finance’, research suggests

21st February 2018

Research published by the British Business Bank (BBB) has suggested that UK small businesses are increasingly turning to alternative sources of finance to fund their...

SMEs expect cryptocurrency payments to reach high street ‘within two years’

20th February 2018

Research carried out by card payments provider Paymentsense has suggested that owners of small and medium-sized enterprises (SMEs) expect cryptocurrency payments...

Just ten days left for the paper tenner image

Just ten days left for the paper tenner

19th February 2018

The paper Charles Darwin £10 note ceases to be legal tender after 1 March 2018 with the polymer Jane Austen £10 note replacing it. After this time,...

Average UK small business ‘spends £5,000 on tax compliance every year’, study finds image

Average UK small business ‘spends £5,000 on tax compliance every year’, study finds

19th February 2018

A new report published by the Federation of Small Businesses (FSB) has found that the average UK small business spends £5,000 per year on tax compliance. The...

Significant number of UK workers ‘planning to become self-employed’, research finds

16th February 2018

Research carried out by banking group Aldermore has suggested that a significant number of UK workers are planning to become self-employed in the future. Aldermore...

Bank of England survey suggests UK workers in line for pay rise image

Bank of England survey suggests UK workers in line for pay rise

15th February 2018

The Bank of England (BoE) has indicated that a significant pay rise could soon be in store for UK workers. Its agents’ survey, which polled 368 UK businesses,...

Shared parental leave take-up ‘as low as 2%’, says government image

Shared parental leave take-up ‘as low as 2%’, says government

14th February 2018

The Department for Business, Energy and Industrial Strategy (BEIS) has suggested that take-up of shared parental leave ‘could be as low as 2%’. As a...

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’ image

Research suggests 70% of individuals ‘unaware of inheritance tax nil-rate band’

13th February 2018

Research carried out by Canada Life has suggested that a significant amount of individuals ‘do not know the threshold’ for the standard inheritance tax...

Government launches power of attorney fee refund scheme image

Government launches power of attorney fee refund scheme

12th February 2018

The Ministry of Justice (MoJ) has launched a refund scheme for those who may have been overcharged for power of attorney arrangements. Individuals who paid a registration...

HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme image

HMRC invites businesses to take part in Making Tax Digital for VAT pilot scheme

9th February 2018

HMRC has urged accountancy bodies to help it enlist willing businesses to take part in an upcoming Making Tax Digital for VAT (MTD for VAT) pilot scheme. The live...

Research suggests lack of savings putting individuals ‘at risk of financial hardship’ image

Research suggests lack of savings putting individuals ‘at risk of financial hardship’

8th February 2018

Research carried out by banking group Aldermore has suggested that a lack of business savings is putting a strain on self-employed individuals in the UK. Aldermore’s...

Government outlines reforms in response to Taylor review of employment practices image

Government outlines reforms in response to Taylor review of employment practices

7th February 2018

In response to Matthew Taylor’s Review of Modern Working Practices, the government has outlined a series of reforms, designed to give ‘flexible workers’...

HMRC’s VAT bill worth 21% of its total tax take, data reveals image

HMRC’s VAT bill worth 21% of its total tax take, data reveals

6th February 2018

Data published by HMRC has revealed that VAT now accounts for 21% of the Revenue’s overall tax take. The latest figures show that VAT receipts total £124...

Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS image

Mothers in part-time jobs receiving ‘long-term pay penalties’, says IFS

5th February 2018

Research carried out by the Institute for Fiscal Studies (IFS) has suggested that mothers working part-time jobs are receiving ‘long-term pay penalties’...

Energetic accountants generate £6k for the Greenwich & Bexley Community Hospice image

Energetic accountants generate £6k for the Greenwich & Bexley Community Hospice

2nd February 2018

The team at McBrides undertook a series of physical challenges in 2017 to raise funds for the Greenwich & Bexley Community Hospice (GBCH). The fundraising...

HMRC reveals ‘record number’ of taxpayers submitted tax returns before deadline image

HMRC reveals ‘record number’ of taxpayers submitted tax returns before deadline

2nd February 2018

A ‘record number’ of taxpayers submitted their self assessment tax returns before the 31 January deadline, HMRC has revealed. Of the 11,433,349 tax...

Two thirds of businesses ‘unprepared for GDPR’, survey suggests

1st February 2018

A survey carried out by professional services firm EY has suggested that two thirds of businesses are ‘unprepared’ for the upcoming introduction of the...

Chancellor commissions OTS to review inheritance tax rules image

Chancellor commissions OTS to review inheritance tax rules

31st January 2018

Chancellor Philip Hammond has commissioned the Office of Tax Simplification (OTS) to review the UK’s inheritance tax (IHT) regime, and outline ways in which...

Government self assessment letters ‘lack a sense of urgency’, research suggests image

Government self assessment letters ‘lack a sense of urgency’, research suggests

30th January 2018

Research carried out by Ipsos Mori on behalf of HMRC has suggested that self assessment tax return letters sent to taxpayers by the Revenue take ‘too long...

New centre designed to improve UK tax system launched by NAO image

New centre designed to improve UK tax system launched by NAO

29th January 2018

The National Audit Office (NAO) has launched a new tax centre with the University of Birmingham, which will seek to inform improvements in the administration of...

Government moves to tackle the sending of scam text messages to taxpayers

26th January 2018

HMRC has moved to block the sending of unsolicited scam text messages to taxpayers, the government has revealed. It said that 90% of the ‘most convincing’...

HMRC issues self assessment warning as ‘three million tax returns still outstanding’ image

HMRC issues self assessment warning as ‘three million tax returns still outstanding’

25th January 2018

As the self assessment deadline draws nearer, HMRC has revealed that around a third of people have yet to file their tax return. According to the latest figures,...

Employers call for apprenticeship levy reform image

Employers call for apprenticeship levy reform

24th January 2018

More than half (53%) of employers currently paying the apprenticeship levy would like to see it replaced with a ‘training levy’, according to a new survey...

Kent networking event calls for more support for start-ups image

Kent networking event calls for more support for start-ups

23rd January 2018

A company specialising in flood-adaptive homes with prospective sites in Kent and the Thames Valley, has called for more support for start-up businesses...

Research finds UK SMEs ‘optimistic about their role in global economy’

23rd January 2018

A survey carried out by American Express and Oxford Economics has suggested that UK small and medium-sized enterprises (SMEs) are feeling optimistic in regard to...

Stamp duty cut ‘fails to entice first-time buyers’, survey suggests image

Stamp duty cut ‘fails to entice first-time buyers’, survey suggests

22nd January 2018

The Chancellor’s decision to scrap stamp duty for first-time buyers has so far had a limited impact on the housing market, new research suggests. In a survey...

McBrides Business Arena Newsletter - Issue 27 image

McBrides Business Arena Newsletter - Issue 27

19th January 2018

McBrides Business Arena quarterly newsletter - lead article entitled "Cybercrime - be prepared"

Client Spotlight – The Hofmeister Brewing Company image

Client Spotlight – The Hofmeister Brewing Company

19th January 2018

First up in our new Client Spotlight feature is The Hofmeister Brewing Company, which is behind the successful resurrection of the popular 1980s Hofmeister lager...

Cybercrime - be prepared image

Cybercrime - be prepared

19th January 2018

Criminals are becoming increasingly sophisticated in how they approach businesses and convince staff to transfer money to them. Most attempts are made through identity...

ONS data suggests gender pay gap ‘widens as women age’ image

ONS data suggests gender pay gap ‘widens as women age’

19th January 2018

Data published by the Office for National Statistics (ONS) has suggested that the gender pay gap for women widens as they get older. The ONS found that, for younger...

IoD publishes list of business predictions for 2018

18th January 2018

The Institute of Directors (IoD) has published a list of 14 business and economic predictions for 2018. In its publication, the IoD predicts that 2018 will be a...

PAC warns HMRC customer service ‘must not suffer’ as it prepares for Brexit image

PAC warns HMRC customer service ‘must not suffer’ as it prepares for Brexit

17th January 2018

The Public Accounts Committee (PAC) has warned HMRC that its customer service ‘must not suffer’ as it carries out major transformation programmes ahead...

UK consumers spending significant amounts on ‘impulse buys’, survey reveals

16th January 2018

A survey carried out by online lending company myjar.com has revealed that individuals in the UK spend nearly £144,000 on ‘impulse buys’ over the...

Practical steps for businesses affected by Carillion’s liquidation image

Practical steps for businesses affected by Carillion’s liquidation

15th January 2018

News that Carillion, the UK’s second largest building contractor, has gone into liquidation will be creating uncertainty for suppliers and sub-contractors...

Business profitability has risen considerably over last decade, TUC finds image

Business profitability has risen considerably over last decade, TUC finds

15th January 2018

An analysis of official figures carried out by the Trades Union Congress (TUC) has revealed that profitability amongst UK businesses has risen significantly over...

Consumers to benefit from ban on credit and debit card surcharges

12th January 2018

Consumers are set to potentially benefit from a ban on credit and debit card surcharges, which will take effect from 13 January. From this date, UK businesses will...

CBI survey reveals public confidence in UK businesses has risen significantly

11th January 2018

A survey carried out by the Confederation of British Industry (CBI) has revealed a significant rise in the number of people who believe UK businesses have a good...

Small businesses affected by rising fuel costs, business group reveals

10th January 2018

Following the news that both petrol and diesel prices have increased considerably, the Federation of Small Businesses (FSB) has revealed that many small firms are...

Proposed changes to VAT ‘could create additional burdens’ for business image

Proposed changes to VAT ‘could create additional burdens’ for business

9th January 2018

The British Retail Consortium (BRC) has warned the government that proposals to change the way in which VAT is charged post-Brexit could create ‘additional...

FSB finds confidence amongst UK small businesses has fallen

8th January 2018

The Federation of Small Businesses (FSB) has revealed that confidence amongst UK small businesses has fallen significantly, with 31% of firms expecting their business...

National Living Wage rises could lead to more jobs becoming automated, IFS warns image

National Living Wage rises could lead to more jobs becoming automated, IFS warns

5th January 2018

In a new report, the Institute for Fiscal Studies (IFS) has warned that future increases in the National Living Wage (NLW) could lead to more UK jobs becoming automated. Under...

Childcare voucher schemes to close in April 2018 image

Childcare voucher schemes to close in April 2018

4th January 2018

A timely reminder that childcare voucher schemes will close to new entrants from April this year. All eligible new parents will instead need to use the government’s...

HMRC publishes draft Making Tax Digital for VAT regulations image

HMRC publishes draft Making Tax Digital for VAT regulations

4th January 2018

HMRC has published draft Making Tax Digital for VAT (MTD for VAT) regulations, outlining how businesses must use MTD-compatible software to keep digital records...

Significant number of tax returns filed over festive period, official figures reveal image

Significant number of tax returns filed over festive period, official figures reveal

3rd January 2018

Figures published by HMRC have revealed that a significant number of taxpayers filed their self-assessment tax returns over the festive period. 18,825 self-assessment...

Government publishes staircase tax repeal Bill image

Government publishes staircase tax repeal Bill

2nd January 2018

The government has published a draft Bill to repeal the so-called ‘staircase tax’ that has adversely affected businesses in England and Wales. The staircase...

Government launches Small Business Commissioner service

21st December 2017

The government has launched its new complaint handling service, which will be managed by the new Small Business Commissioner, Paul Uppal. The service will seek...

Research reveals older workers ‘struggling to save for retirement’ image

Research reveals older workers ‘struggling to save for retirement’

20th December 2017

Research carried out by insurance provider Aviva has suggested that many older workers are struggling to save for a comfortable retirement. Aviva found that 18%...

Law firms - are your clients aware of HMRC's New Trust Registration Service 31 January deadline? image

Law firms - are your clients aware of HMRC's New Trust Registration Service 31 January deadline?

19th December 2017

By 31 January 2018, all trusts with UK tax liabilities are required to be registered online with HMRC’s Trust Registration Service (TRS). This is compulsory...

Mental health ‘remains a taboo subject in the workplace’, research suggests

19th December 2017

A survey carried out by charity Time to Change has revealed that the subject of mental health is still regarded as a taboo topic in many UK workplaces. The survey,...

Government proposes to extend auto-enrolment scheme to younger workers image

Government proposes to extend auto-enrolment scheme to younger workers

18th December 2017

In a new report, the government has proposed to extend its pensions automatic enrolment scheme to include younger workers. Under auto-enrolment, employers in the...

Finance Secretary for Scotland announces income tax changes in Scottish Budget image

Finance Secretary for Scotland announces income tax changes in Scottish Budget

15th December 2017

In his draft Budget, Derek Mackay, the Finance Secretary for Scotland, has unveiled a series of changes to the Scottish income tax rates and bands. Mr Mackay used...

SMEs hindered by lack of available funding, research suggests

14th December 2017

Research published by banking group Close Brothers has suggested that small and medium-sized enterprises (SMEs) are struggling to access the funding required to...

Significant number of small businesses ‘unaware of Making Tax Digital requirements’ image

Significant number of small businesses ‘unaware of Making Tax Digital requirements’

13th December 2017

A survey carried out by market research organisation Ipsos Mori on behalf of HMRC has suggested that a significant number of UK small businesses are ‘unaware’...

Government announces plans for new financial crime centre

12th December 2017

The government has announced plans for a new financial crime centre, which will seek to combat money laundering and ‘economic crime’. The new National...

BCC downgrades its economic forecast for next three years

11th December 2017

The British Chambers of Commerce (BCC) has downgraded its economic forecast for the next three years, citing ‘sluggish’ business investment and household...

ICAEW shares tips for arranging a tax-efficient seasonal party image

ICAEW shares tips for arranging a tax-efficient seasonal party

8th December 2017

An end of year party can often prove to be an enjoyable way to celebrate the festive period with work colleagues. With this in mind, the Institute of Chartered Accountants...

Chancellor announces Spring Statement date image

Chancellor announces Spring Statement date

7th December 2017

Chancellor Philip Hammond has announced that his first Spring Statement will be delivered on Tuesday 13 March 2018. In the 2016 Autumn Statement, the Chancellor...

The next generation of local accountants image

The next generation of local accountants

6th December 2017

McBrides staff partner Tanya Hamilton and manager Hannah Adams were overwhelmed by the interest in becoming an accountant when they recently visited Hope Community...

UK state pension ‘least generous of all advanced economies’, OECD states image

UK state pension ‘least generous of all advanced economies’, OECD states

6th December 2017

A new study carried out by the Organisation for Economic Co-operation and Development (OECD) has suggested that the UK state pension is the ‘least generous’...

CBI predicts UK economic growth to remain ‘steady but subdued’

5th December 2017

The Confederation of British Industry (CBI) has stated that economic growth in the UK is on course to remain ‘steady, but subdued’ over the next couple...

Self-assessment penalties ‘to be replaced with new points-based system' image

Self-assessment penalties ‘to be replaced with new points-based system'

4th December 2017

The £100 penalty for filing a late tax return could be scrapped and replaced with a new driving licence-style points system, HMRC has revealed. Under new...

Autumn Budget stamp duty changes will have ‘modest impact’, says lender image

Autumn Budget stamp duty changes will have ‘modest impact’, says lender

1st December 2017

In a new report, building society Nationwide has stated that the Autumn Budget changes to Stamp Duty Land Tax (SDLT) for first-time homebuyers will have only a ‘modest...

McBrides honoured at Kent Corporate Finance Alliance Awards 2017

30th November 2017

McBrides is celebrating today having been recognised in the Kent Corporate Finance Alliance (KFCA) Awards Deal of the Year for its work on the private sale of regional...

Motorists ‘less likely to choose diesel cars’ following Autumn Budget tax changes image

Motorists ‘less likely to choose diesel cars’ following Autumn Budget tax changes

30th November 2017

A survey carried out by CLM Fleet Management has suggested that UK drivers are less likely to purchase diesel cars, following tax changes made by Chancellor Philip...

More than £1 billion stolen from bank accounts via credit card fraud, research finds image

More than £1 billion stolen from bank accounts via credit card fraud, research finds

29th November 2017

Research carried out by price comparison site comparethemarket.com has revealed that more than £1 billion has been stolen from bank accounts through credit...

Government unveils new Industrial Strategy white paper

28th November 2017

The government has published a white paper outlining a new ‘ambitious’ Industrial Strategy, which aims to boost the UK economy and ‘embrace the...

Number of apprenticeships has fallen by 59%, data reveals

27th November 2017

The number of individuals starting apprenticeships in England has fallen by 59%, according to figures published by the Department for Education (DfE). The data...

UK on course for ‘longest period of falling living standards since records began’

24th November 2017

Think tank the Resolution Foundation has suggested that the UK economy is on course for ‘the longest period of falling living standards since records began’. In...

Legal sector: Business responds to the Chancellor's lack lustre Budget. image

Legal sector: Business responds to the Chancellor's lack lustre Budget.

22nd November 2017

Responding to Chancellor Philip Hammond's second Budget of 2017, Nick Paterno, managing partner at McBrides Chartered Accountants in Sidcup said: "The abolition...

Business responds to the Chancellor's lack lustre Budget image

Business responds to the Chancellor's lack lustre Budget

22nd November 2017

Nick Paterno, Managing Partner at McBrides Chartered Accountants in Sidcup, said: "The Chancellor’s Budget speech was heavy on jokes but light on measures...

2017 Autumn Budget – what to expect image

2017 Autumn Budget – what to expect

22nd November 2017

Chancellor Philip Hammond will deliver his 2017 Autumn Budget speech today at 12.30pm. We will be keeping you up to date on the key Budget announcements. Following...

Employer pension contributions set to increase in April 2018 image

Employer pension contributions set to increase in April 2018

21st November 2017

Changes to pensions continue and from 6 April 2018, employers will be required to increase the amount of their contributions into their employees’...

Survey suggests two in five SMEs ‘unprepared’ for new GDPR

21st November 2017

A survey carried out by the Data Compliance Doctors has suggested that two in five UK small and medium-sized enterprises (SMEs) – around 2.1 million businesses...

Lowering VAT threshold would put SMEs at a disadvantage, FSB warns image

Lowering VAT threshold would put SMEs at a disadvantage, FSB warns

20th November 2017

The Federation of Small Businesses (FSB) has warned that lowering the VAT threshold would ‘drain small businesses of time and money’. The FSB stated...

TUC urges Chancellor to use Autumn Budget to ‘end wage squeeze’ image

TUC urges Chancellor to use Autumn Budget to ‘end wage squeeze’

17th November 2017

The Trades Union Congress (TUC) has urged Chancellor Philip Hammond to use next week’s Autumn Budget to put an end to the ‘wage squeeze’ currently...

Government delays Tax-Free Childcare scheme for parents of older children image

Government delays Tax-Free Childcare scheme for parents of older children

16th November 2017

The Government has delayed its new Tax-Free Childcare scheme for parents of children aged between seven and 12. Under the initiative, tax relief of up to 20% is...

Paper £10 notes set to be demonetised image

Paper £10 notes set to be demonetised

15th November 2017

The Bank of England (BoE) has announced that paper £10 notes will cease to be legal tender in England and Wales after 1 March 2018. Paper £10 notes...

Fraud costs UK £190 billion per annum, data suggests

14th November 2017

Data published by credit service agency Experian has suggested that fraudulent activity now costs the UK £190 billion per year. The Annual Fraud Indicator...

CBI urges UK businesses to adopt ‘readily available technologies’

13th November 2017

In a new report, the Confederation of British Industry (CBI) has urged UK businesses to adopt ‘tried and tested’ technologies in order to help reduce...

Chancellor urged to remove age-related tax inequalities in Autumn Budget image

Chancellor urged to remove age-related tax inequalities in Autumn Budget

10th November 2017

In a new report, think tank the Resolution Foundation has urged Chancellor Philip Hammond to tackle age-related tax inequalities in the upcoming Autumn Budget. The...

Bank of England survey indicates pay growth set to surge in 2018 image

Bank of England survey indicates pay growth set to surge in 2018

9th November 2017

A survey carried out by the Bank of England (BoE) has indicated that wage growth is set to accelerate in 2018 as businesses begin to increase wages amid recruitment...

OTS publishes recommendations for simplifying VAT image

OTS publishes recommendations for simplifying VAT

8th November 2017

In a new report, the Office of Tax Simplification (OTS) has outlined a range of measures intended to help simplify VAT. The OTS stated that the tax has become “highly...

Business confidence low despite rise in profits, ICAEW finds

7th November 2017

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that confidence levels amongst UK businesses are below zero,...

FSB responds to government’s decision to delay abolition of Class 2 NICs image

FSB responds to government’s decision to delay abolition of Class 2 NICs

6th November 2017

The Federation of Small Businesses (FSB) has responded to the government’s decision to delay the abolition of Class 2 national insurance contributions (NICs),...

Interest rates rise for first time in a decade

2nd November 2017

The Bank of England raised the Bank Rate to 0.5pc today; this watershed moment heralds the first rate rise in more than a decade. Commenting on today’s interest...

Brexit vote ‘has cost UK households £600 per year’, data suggests

2nd November 2017

A study carried out by think tank the National Institute of Economic and Social Research (NIESR) has suggested that the Brexit referendum has ‘cost UK households...

FCA finds more than a fifth of individuals ‘failing to report investment scams’ image

FCA finds more than a fifth of individuals ‘failing to report investment scams’

1st November 2017

A survey conducted by the Financial Conduct Authority (FCA) has revealed that more than a fifth of individuals who were contacted in regard to a fraudulent investment...

TUC finds ‘market volatility’ could cost pension savers image

TUC finds ‘market volatility’ could cost pension savers

31st October 2017

A study commissioned by the Trades Union Congress (TUC) has revealed that volatility in the pensions market could cause those saving for retirement to lose up to...

Chancellor ‘may have to abandon deficit target’ in upcoming Budget, IFS states image

Chancellor ‘may have to abandon deficit target’ in upcoming Budget, IFS states

30th October 2017

In a new report, the Institute for Fiscal Studies (IFS) has stated that Chancellor Philip Hammond may be required to abandon his target for eliminating the deficit...

Gender pay gap ‘narrows to record low’, data suggests image

Gender pay gap ‘narrows to record low’, data suggests

27th October 2017

Data published by the Office for National Statistics (ONS) has revealed that the gender pay gap for full-time employees has ‘fallen to its lowest level’...

Moderate growth in UK economy sparks interest rate rise concerns

26th October 2017

Data published by the Office for National Statistics (ONS) has revealed that the UK economy grew at a faster pace than expected in the three months to September...

PAC urges HMRC to take action on online VAT fraud image

PAC urges HMRC to take action on online VAT fraud

25th October 2017

In a new report, the Public Accounts Committee (PAC) has urged HM Revenue & Customs (HMRC) to take steps to combat online VAT fraud in the UK. In its report,...

‘Immediate action’ required to stop business rates increases, BCC warns government image

‘Immediate action’ required to stop business rates increases, BCC warns government

24th October 2017

In its Autumn Budget submission, the British Chambers of Commerce (BCC) has warned the Chancellor that ‘immediate action’ is required to ensure that...

Businesses and government ‘must adopt cutting-edge technologies’ says CBI

23rd October 2017

In a new report, the Confederation of British Industry (CBI) has called for UK firms and the government to adopt new ‘cutting-edge technologies’, such...

FSB urges Chancellor to ‘rule out business tax increases’ in Autumn Budget image

FSB urges Chancellor to ‘rule out business tax increases’ in Autumn Budget

20th October 2017

In its Autumn Budget submission, the Federation of Small Businesses (FSB) has urged Chancellor Philip Hammond to refrain from introducing business tax increases...

Say hello to our new trainees image

Say hello to our new trainees

19th October 2017

We’re delighted to welcome four new trainee accountants on board this year, providing them with the best training opportunities and continuing our tradition...

FCA suggests half of individuals in the UK are ‘financially vulnerable’ image

FCA suggests half of individuals in the UK are ‘financially vulnerable’

19th October 2017

A survey carried out by the Financial Conduct Authority (FCA) has suggested that 50% of individuals in the UK are ‘financially vulnerable’, with many...

Significant number of UK business leaders ‘in the dark’ about new GDPR

18th October 2017

A survey carried out by the Institute of Directors (IoD) has suggested that almost a third of UK business leaders have not heard of the new General Data Protection...

UK could lose £400 billion as result of ‘hard Brexit’, study suggests

17th October 2017

A ‘hard Brexit’ could cost the UK up to £400 billion by 2030, a study carried out by Rabobank has suggested. 18% of Gross Domestic Product (GDP)...

CBI publishes Autumn Budget submission image

CBI publishes Autumn Budget submission

16th October 2017

The Confederation of British Industry (CBI) has published its Autumn Budget wishlist, outlining a range of measures that it believes will help the UK to ‘grow...

Chancellor suggests ‘staircase tax’ could be abolished image

Chancellor suggests ‘staircase tax’ could be abolished

13th October 2017

Chancellor Philip Hammond has suggested that the so-called ‘staircase tax’ could be abolished by the end of this year. During a Treasury Select Committee...

Individuals ‘should be set pensions savings targets’ to secure comfortable retirement image

Individuals ‘should be set pensions savings targets’ to secure comfortable retirement

12th October 2017

The Pensions and Lifetime Savings Association (PLSA) has called for savings targets to be put into place in order to help individuals save adequate funds for their...

Brexit ‘could increase number of business insolvencies’, ICAEW suggests

11th October 2017

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that the number of businesses declaring insolvency could...

Back the Bexley bid! image

Back the Bexley bid!

11th October 2017

Bexley is on the cusp of something big as it prepares a bid to become the London Borough of Culture for 2019 and 2020.   Bexley is one of 32 boroughs...

Significant number of UK workers ‘considering setting up a side business’

10th October 2017

Research carried out by domain registrar GoDaddy has suggested that a significant number of UK workers are considering setting up a business in addition to working...

Cash in your round pound coins before it’s too late image

Cash in your round pound coins before it’s too late

9th October 2017

The round pound coin loses its legal tender status from midnight on Sunday, 15 October and will no longer be accepted in shops and restaurants. The new 12-sided...

‘Progressive’ property tax regime for Wales set to be implemented image

‘Progressive’ property tax regime for Wales set to be implemented

9th October 2017

From April 2018, individuals seeking to buy residential property in Wales will pay little or no tax on the purchase, under plans announced in the Welsh Draft Budget...

Significant number of young people ‘concerned about their finances’, study suggests image

Significant number of young people ‘concerned about their finances’, study suggests

6th October 2017

Research carried out by Sky has revealed that a significant number of young people are concerned about the state of their finances. 65% of those aged between 18...

UK’s rate of inflation ‘highest amongst leading economies’, data suggests

5th October 2017

Figures published by the Organisation for Economic Co-operation and Development (OECD) have suggested that the UK has the ‘highest rate’ of inflation...

New Small Business Commissioner appointed image

New Small Business Commissioner appointed

4th October 2017

The government has appointed the first Small Business Commissioner, who will seek to ‘empower small businesses in the UK’ and help to drive a change...

IoD outlines Autumn Budget proposals image

IoD outlines Autumn Budget proposals

3rd October 2017

In its Budget submission, the Institute of Directors (IoD) has outlined a range of proposals on the subjects of fiscal policy, business investment and infrastructure. The...

UK businesses ‘in the dark’ about how to make best use of Apprenticeship Levy image

UK businesses ‘in the dark’ about how to make best use of Apprenticeship Levy

2nd October 2017

A survey carried out by the British Chambers of Commerce (BCC) has suggested that UK businesses are ‘in the dark’ over how to make best use of the Apprenticeship...

British Business Bank outlines need for extra finance options for small businesses

29th September 2017

In a new report, the British Business Bank has called for more finance options to be available to UK small businesses seeking to grow. The Bank works to help increase...

Interest rates rise would be ‘good news’, Bank of England Chief Economist states

28th September 2017

Andy Haldane, Chief Economist at the Bank of England (BoE) has stated that a rise in interest rates would be ‘good news’, as it would serve as a sign...

The auto-enrolment clock is ticking… image

The auto-enrolment clock is ticking…

27th September 2017

Under the Pensions Act 2008, every employer in the UK with at least one employee must put certain staff into a pension scheme and contribute towards it. But all...

VAT on online local authority property searches image

VAT on online local authority property searches

27th September 2017

We have had several requests for clarity following on from news that north-west law firm Brabners has been ordered to pay £68,000 of VAT not charged to clients...

Two-thirds of businesses ‘have a cash surplus’ for 2017, survey suggests

27th September 2017

A survey carried out by the Institute of Chartered Accountants in England and Wales (ICAEW) has suggested that two-thirds of businesses in the UK have a cash surplus...

Speedier cheque clearance on the way image

Speedier cheque clearance on the way

26th September 2017

Despite the move to BACS and online banking, 477 million cheques were written in the UK last year. Clearing a cheque can take up to six working days from deposit...

Pensions auto-enrolment could leave savers ‘without enough money for retirement’ image

Pensions auto-enrolment could leave savers ‘without enough money for retirement’

26th September 2017

The Association of British Insurers (ABI) has warned that pensions automatic enrolment could leave individuals ‘without adequate retirement funds’. The...

Gender pay gap for female managers has ‘widened’, research reveals image

Gender pay gap for female managers has ‘widened’, research reveals

25th September 2017

Research carried out by the Chartered Management Institute (CMI) has revealed that the gender pay gap for female managers in the UK has ‘widened’. The...

Nearly half of SMEs ‘unaware of new data protection rules’

22nd September 2017

Businesses are being urged to prepare for landmark new data protection regulations after a study revealed that almost half of firms are unaware of the changes. A...

Data reveals confidence amongst UK small businesses has ‘plummeted’

21st September 2017

Confidence amongst UK small firms has fallen to its lowest level since the aftermath of the EU referendum, data published by the Federation of Small Businesses (FSB)...

FSB launches campaign to ‘address health and wellbeing’ of UK small businesses

20th September 2017

The Federation of Small Businesses (FSB) has launched a new campaign which aims to ‘promote the benefits of a positive approach to wellbeing’ amongst...

Businesses urge government to make ‘urgent progress’ during upcoming Brexit talks

19th September 2017

More than 100 UK businesses have signed a letter to the Brexit Secretary, David Davis, urging him to ensure that “urgent progress” is made in the next...

Paper identification documents ‘should be replaced with digital equivalent’

18th September 2017

Paper identification documents, such as passports, should be replaced with a digital alternative, the Social Market Foundation (SMF) has stated. According to research...

TUC calls for National Minimum Wage rates increases for younger workers image

TUC calls for National Minimum Wage rates increases for younger workers

15th September 2017

The Trades Union Congress (TUC) has urged the Low Pay Commission (LPC) to raise the National Minimum Wage (NMW) rates for younger workers. Young employees are ‘at...

Accountants 10k hike pushing wheelbarrows of plants to raise funds for Bexley Hospice image

Accountants 10k hike pushing wheelbarrows of plants to raise funds for Bexley Hospice

14th September 2017

An intrepid group of accountants from Sidcup in Kent have completed an unusual challenge which saw them walk 10km pushing wheelbarrows full of plants to raise funds...

New £10 note enters circulation image

New £10 note enters circulation

14th September 2017

The new polymer £10 note has entered circulation in England and Wales. The note has been issued by the Bank of England (BoE) and depicts author Jane Austen...

Chancellor announces Autumn Budget date image

Chancellor announces Autumn Budget date

13th September 2017

Chancellor Philip Hammond has announced that he will deliver the Autumn Budget on Wednesday 22 November. The Autumn Budget will be the second Budget to be delivered...

Backdated ‘staircase tax’ bills ‘unfair’ to small businesses image

Backdated ‘staircase tax’ bills ‘unfair’ to small businesses

12th September 2017

The Head of the Treasury Select Committee, Nicky Morgan, has labelled the sending of backdated business rates bills to small businesses with offices on multiple...

Government publishes Finance Bill 2017-19 image

Government publishes Finance Bill 2017-19

11th September 2017

The government published Finance Bill 2017-19 on 8 September, reintroducing key legislative measures that were previously dropped from Finance Bill 2017 as a result...

Allow older individuals to fund business start-ups from pension pots, urges IoD image

Allow older individuals to fund business start-ups from pension pots, urges IoD

8th September 2017

The Institute of Directors (IoD) has urged the government to permit older individuals to withdraw money from their pension pots in order to fund a new business. The...

More than £1 billion spent with SMEs via Digital Marketplace, official data shows

7th September 2017

Figures published by the Government Digital Service have revealed that the public sector has spent more than £1 billion with small and medium-sized enterprises...

Making Tax Digital image

Making Tax Digital

6th September 2017

The government’s programme of bringing business tax into the digital age was due to begin in earnest with the ‘Making Tax Digital’ scheme. However,...

High earners: act soon to fund a comfortable retirement image

High earners: act soon to fund a comfortable retirement

6th September 2017

Most of us think retirement planning is something to leave on the ‘to do’ pile. However, some recent tax changes mean you may need to think about dealing...

Report suggests UK economic model needs ‘fundamental reform’

6th September 2017

A report published by the Institute for Public Policy Research (IPPR) has suggested that the UK’s economic model requires ‘radical reform’. Living...

Economists rule out interest rate rise

5th September 2017

A survey carried out by the BBC has revealed that economists in the UK do not expect an interest rate rise until ‘at least 2019’. Economists believe...

TUC suggests robots and artificial intelligence could help to reduce state pension age

4th September 2017

A report published by the Trades Union Congress (TUC) has suggested that future increases in the state pension age could be stopped through the use of ‘economic...

Data reveals significant fall in amount saved in cash ISAs image

Data reveals significant fall in amount saved in cash ISAs

1st September 2017

The amount of money savers put into cash Individual Savings Accounts (ISAs) has fallen, data published by HM Revenue & Customs (HMRC) has revealed. During 2016/17,...

BRC urges government to secure advantageous Brexit customs deal

31st August 2017

The British Retail Consortium (BRC) has urged the government to secure an advantageous customs deal with the EU ahead of Brexit in 2019. The BRC warned that agreements...

UK businesses ‘hit by rising employment costs’, BCC finds image

UK businesses ‘hit by rising employment costs’, BCC finds

30th August 2017

A survey carried out by the British Chambers of Commerce (BCC) has revealed that four in five businesses in the UK have been affected by rising costs generated as...

Treasury urges businesses to ‘remain vigilant’ when returning old £1 coins

29th August 2017

UK businesses have been urged by the Treasury to ‘remain vigilant’ when sending old £1 coins back to cash centres. The warning came as cash management...

Government outlines plans for data sharing between UK and EU post-Brexit

25th August 2017

The government has outlined new arrangements for the protection and exchange of personal data between the UK and the EU once Britain has left the bloc in 2019. A...

Raising top tax rate could generate ‘uncertain’ consequences, IFS states image

Raising top tax rate could generate ‘uncertain’ consequences, IFS states

24th August 2017

An analysis carried out by the Institute for Fiscal Studies (IFS) has suggested that raising the higher income tax rate to 50% could create uncertain financial consequences...

Brexit taking its toll on employers’ confidence levels, survey suggests

23rd August 2017

A survey carried out by the Recruitment and Employment Confederation (REC) has suggested that employer confidence in the UK economy has moved into negative territory...

Government unveils ban on pensions cold-calling image

Government unveils ban on pensions cold-calling

22nd August 2017

The government has unveiled a new ban on pensions cold-calling, in order to protect savers from being targeted by ‘unscrupulous pension scammers’. In...

Report reveals rise in multiple property ownership image

Report reveals rise in multiple property ownership

21st August 2017

A report published by the Resolution Foundation has found that the number of individuals who own a second home rose by 30% between 2002 and 2014. The think tank’s...

Modest growth in UK retail sales continued in July, latest statistics show

18th August 2017

The volume of UK retail sales continued to grow at a modest pace during July, new statistics published by the Office for National Statistics (ONS) have revealed. Retail...

Official data reveals UK productivity has fallen for second consecutive quarter

17th August 2017

UK productivity fell for the second quarter in a row in the three months to June, data published by the Office for National Statistics (ONS) has revealed. Output...

Business groups respond to publication of Brexit customs paper

16th August 2017

Business groups, including the Confederation of British Industry (CBI), the British Chambers of Commerce (BCC) and the Institute of Directors (IoD) have responded...

Data reveals confidence amongst UK businesses has taken ‘major knock’

15th August 2017

Data published by the Institute of Chartered Accountants in England and Wales (ICAEW) has revealed that confidence amongst businesses in the UK has taken a ‘major...

Wage growth ‘likely to remain weak’, study suggests image

Wage growth ‘likely to remain weak’, study suggests

14th August 2017

A study carried out by the Chartered Institute of Personnel and Development (CIPD) has suggested that wage growth is set to ‘remain weak’. Pay rises...

McBrides & Friends 10k Hospice Hike image

McBrides & Friends 10k Hospice Hike

11th August 2017

There are just weeks to go now before the team at McBrides set out on their Hospice Hike in aid of the Greenwich & Bexley Community Hospice. The 10km route...

Retirement income ‘boosted by private and workplace pensions’, statistics suggest image

Retirement income ‘boosted by private and workplace pensions’, statistics suggest

11th August 2017

Data published by the Office for National Statistics (ONS) has revealed that retirement income has been ‘boosted’ by private and workplace pensions over...

Figures reveal significant rise in number of card payments made by consumers

10th August 2017

Data published by UK Finance has revealed that card spending totalled £57.1 billion in June – representing a 7% rise when compared to a year earlier. 1.4...

Firms with poor cyber security measures could face fines of £17m, government warns

9th August 2017

The government has warned that businesses could face fines of up to £17 million or 4% of global turnover if they do not take appropriate measures to protect...

IoD calls for ministers to make a decision on transitional Brexit agreement

8th August 2017

The Institute of Directors (IoD) has called for the government to reach a decision on how to approach a transitional Brexit agreement ‘as soon as possible’. Chancellor...

FSB urges government to delay National Living Wage rise image

FSB urges government to delay National Living Wage rise

7th August 2017

The Federation of Small Businesses (FSB) has called on the government to consider whether forthcoming rises in the National Living Wage (NLW) rate may need to be...

New trade body to be created by government

4th August 2017

The government has revealed its intention to create a new trade authority, termed the UK Trade Remedies Organisation, ahead of Britain’s departure from the...

State pension age reform leaves ‘large number of women worse off’ image

State pension age reform leaves ‘large number of women worse off’

3rd August 2017

A report published by the Institute for Fiscal Studies (IFS) has suggested that women aged between 60 and 62 have become ‘worse off’ as a result of the...

Significant number of savers open cash Lifetime ISAs image

Significant number of savers open cash Lifetime ISAs

2nd August 2017

An estimated 28,000 individuals have taken out cash Lifetime ISAs with Skipton Building Society – the only provider currently offering a cash version of the...

UK ‘won’t cut taxes post-Brexit’, Chancellor states image

UK ‘won’t cut taxes post-Brexit’, Chancellor states

1st August 2017

Chancellor Philip Hammond has suggested that the UK won’t cut taxes and fiscal regulations after Brexit. The Chancellor stated that the UK will remain within...

A new business initiative in Bexley aims to provide space for local artists in the Borough

1st August 2017

An innovative project conceived by business professionals entitled ‘Boardroom Art’ has been launched today at the Sidcup offices of McBrides Chartered...

UK SMEs concerned about securing funding in run-up to Brexit, survey suggests

31st July 2017

A survey conducted by insurer Hiscox has suggested that small and medium-sized enterprises (SMEs) in the UK are concerned about their ability to secure funding in...

Consumer confidence falls to ‘lowest level since aftermath of Brexit vote’

28th July 2017

Data published by market research group GfK has revealed that consumer confidence has fallen to its lowest level since the aftermath of the Brexit vote. GfK’s...

FCA outlines requirements for banks to publish data on customer service

27th July 2017

The Financial Conduct Authority (FCA) has set out proposals to require banks to publish information on the quality of customer service that they provide. Banks...

Government introduces new Parental Bereavement Bill image

Government introduces new Parental Bereavement Bill

26th July 2017

The government has introduced a new Parental Bereavement Bill in order to supply bereaved parents in employment with statutory paid leave. Currently, no legal requirement...

Rise in personal debt a ‘danger to UK economy’, Bank of England warns

25th July 2017

The Bank of England (BoE) has warned that a significant rise in personal debt could ‘pose a danger to the UK economy’. The Bank revealed that car loans,...

IMF downgrades UK growth forecast for 2017

24th July 2017

The International Monetary Fund (IMF) has downgraded the UK’s growth forecast for 2017 from 2% to 1.7%. It attributed the downgrade to the UK’s weaker-than-expected...

Routes into Accountancy – part two: image

Routes into Accountancy – part two:

7th July 2017

From fixing bikes to company audits by Patrick Duncan I was directed to McBrides after working a long summer fixing bikes in a local shop. I studied A Levels in...

Routes into Accountancy – part one: image

Routes into Accountancy – part one:

7th July 2017

University? Or a Professional Apprenticeship? by Tanya Hamilton, Staff Partner You’ve decided on a career in accountancy, but do you choose university or...

UK household income ‘falling at fastest rate since 2011’, ONS data shows

7th July 2017

Household incomes in the UK are falling at their fastest rate since 2011, data published by the Office for National Statistics (ONS) has suggested. Real household...

SRA regulations shake up image

SRA regulations shake up

6th July 2017

After extensive consultation on new regulations last year, the SRA published its decisions and consultation response documents on 13th June 2017. The changes will...

Law firm mergers keep us busy image

Law firm mergers keep us busy

6th July 2017

Law firm mergers are all the rage at the moment as the industry shrinks in the face of deregulation and increased competition. At McBrides we have been assisting...

Significant number of government suppliers sign up to Prompt Payment Code

6th July 2017

Thirty-two of the government’s biggest suppliers have signed up to the Prompt Payment Code, thereby committing to pay 95% of their invoices within 60 days. The...

Extend minimum wage to cover self-employed, says think tank image

Extend minimum wage to cover self-employed, says think tank

5th July 2017

Minimum wage legislation should be extended to cover self-employed workers who do not control their own rate of pay, according to a think tank. The Resolution Foundation...

Government launches new ultra-fast broadband fund

4th July 2017

The government has launched its new £400m Digital Infrastructure Investment Fund (DIIF), which it hopes will ‘revolutionise’ internet access for...

Please join us for a FaB Breakfast! - 4 October 2017 image

Please join us for a FaB Breakfast! - 4 October 2017

3rd July 2017

FaB (Finance and Business) is our quarterly breakfast club for FDs/CFOs, CEOs and professional advisers (legal, accounting, banking or finance). It costs nothing...

Report suggests pay for under-40s is ‘11% lower than before financial crisis’ image

Report suggests pay for under-40s is ‘11% lower than before financial crisis’

3rd July 2017

Typical hourly pay for UK workers aged under 40 is at least 11% lower than before the 2008 financial crisis, a report published by the Resolution Foundation has...

Internet issues posing a problem for SMEs, research suggests

30th June 2017

Research carried out by Storey has revealed that internet connectivity issues pose the biggest risk to the productivity levels of small and medium-sized businesses...

Government establishes new Brexit business group

29th June 2017

The government has created a new business advisory group, comprised of five major UK business groups. The Confederation of British Industry (CBI), the Federation...

Smartphones set to replace visits to bank branches

28th June 2017

Research carried out by data analyst CACI has suggested that smartphones are on course to replace bank branch visits. By 2022, the typical consumer will visit a...

Personal debt growth is ‘slowing’, BBA finds

27th June 2017

Growth in personal debt slowed during May, data published by the British Bankers’ Association (BBA) has revealed. Personal debt grew by 5.1% during May, compared...

Inadequate cyber security practices ‘putting SMEs at risk’, analysis suggests

26th June 2017

Poor cyber and data security habits are putting one in ten small and medium-sized enterprises (SMEs) at risk, an analysis carried out by accounting software developer...

TUC suggests quarter of new fathers are ‘missing out’ on paternity leave and pay image

TUC suggests quarter of new fathers are ‘missing out’ on paternity leave and pay

23rd June 2017

An analysis carried out by the Trades Union Congress (TUC) has found that more than 157,000 new dads are ‘missing out’ on paternity leave and pay. During...

Queen’s Speech outlines government’s legislative agenda

22nd June 2017

The Queen has delivered her annual speech at the state opening of Parliament, in which she outlined the government’s legislative agenda. This year’s...

McBrides Win Prestigious Bexley Business Award image

McBrides Win Prestigious Bexley Business Award

22nd June 2017

McBrides Chartered Accountants were delighted to win “Best Business for Marketing & Social Media’ in the prestigious Bexley Business Excellence Awards...

Brexit deal must put jobs and prosperity first, says Chancellor

21st June 2017

In his annual Mansion House speech, Chancellor Philip Hammond stated that any Brexit deal between the UK and the EU must put UK jobs and prosperity first. Mr Hammond...

McBrides shortlisted for prestigious Bexley Business Award image

McBrides shortlisted for prestigious Bexley Business Award

20th June 2017

McBrides Chartered Accountants are pleased to be shortlisted in the Best Business for Marketing & Social Media category in the 2017 Bexley Business Excellence...

Significant number of workers ‘missing out’ on employer pension top-ups image

Significant number of workers ‘missing out’ on employer pension top-ups

20th June 2017

An analysis carried out by insurer Royal London has revealed that more than three million people employed by large businesses are failing to claim around £2...

Bexley Hospice Hike with McBrides & Friends image

Bexley Hospice Hike with McBrides & Friends

20th June 2017

McBrides Chartered Accountants will be donning their walking boots to walk 10km through the Bexley borough on Wednesday 13th September and raise funds for the Greenwich...

Business groups call for ‘softer’ Brexit

19th June 2017

Five business groups, including the Confederation of British Industry (CBI), the Federation of Small Businesses (FSB) and the British Chambers of Commerce (BCC),...

New data reveals fraud ‘hotspots’ in the UK

16th June 2017

New data collated by consumer group Which? has outlined fraud ‘hotspots’ around the UK. Which? has created a map, pinpointing locations where certain...

FSB calls for government to rule out national insurance rise for self-employed image

FSB calls for government to rule out national insurance rise for self-employed

15th June 2017

The Federation of Small Businesses (FSB) has urged the new government to rule out a national insurance rise for the self-employed. The business group has suggested...

UK inflation rate rises to highest level in nearly four years

14th June 2017

The UK’s inflation rate as measured by the Consumer Prices Index (CPI) rose to 2.9% in May, up from 2.7% in April, data published by the Office for National...

UK economic growth ‘weakest in Europe’ during first quarter of 2017, data suggests

13th June 2017

The UK economy experienced the weakest rate of growth in the EU during the first quarter of this year, figures published by European statistics agency Eurostat have...

Nightrider raises a tidy sum for Greenwich & Bexley Community Hospice! image

Nightrider raises a tidy sum for Greenwich & Bexley Community Hospice!

12th June 2017

Mark Grady, a partner at McBrides Chartered Accountants in Sidcup kicked off the firm’s fund-raising drive for the Greenwich & Bexley Community Hospice...

Business confidence has ‘fallen dramatically’ since General Election, IoD suggests

12th June 2017

A snap poll carried out by the Institute of Directors (IoD) has found that, following the General Election and the subsequent Hung Parliament, business confidence...

McBrides' comment on General Election Result image

McBrides' comment on General Election Result

9th June 2017

As Britons wake to the news of a hung parliament this morning, the business community are asking the government to place the economy at the top of their agenda....

Business groups react to General Election result

9th June 2017

With the 2017 General Election resulting in a Hung Parliament, the UK’s leading business groups have been giving their reactions. The Institute of Directors...

Business calls for support as UK voters head for the polls

8th June 2017

Following weeks of heated political debate, the UK is heading for the polls to vote in Theresa May’s snap General Election. In the run-up to the election,...

First cash-only Lifetime ISA enters the market image

First cash-only Lifetime ISA enters the market

7th June 2017

The first cash-only Lifetime ISA is being launched this week, allowing adults under the age of 40 to put aside cash sums in order to save for their first home or...

Survey reveals slowdown in retail sales

6th June 2017

Retail sales fell by 4.4% last month, according to the latest figures from the British Retail Consortium (BRC). The May figures represent the biggest drop in more...

Number of 45p taxpayers reaches new high image

Number of 45p taxpayers reaches new high

5th June 2017

The number of people paying the additional rate of income tax has risen to its highest ever level, according to new data released by HMRC. The tax authority predicts...

Insurance costs set to rise as a result of increase in Insurance Premium Tax

2nd June 2017

Millions of individuals in the UK have been warned that their insurance premiums are set to rise as a result of an increase in Insurance Premium Tax (IPT). On 1...

Half of businesses believe artificial intelligence will ‘transform their industry'

1st June 2017

A survey carried out by the Confederation of British Industry (CBI) in association with IBM has revealed that 49% of businesses believe artificial intelligence is...

Report calls for retirement age to rise to ‘at least 70’

31st May 2017

A report published by the World Economic Forum (WEF) has called for the retirement age in financially stable countries to rise to ‘at least 70’ by 2050,...

New figures show significant rise in contactless card fraud

30th May 2017

Figures published by Financial Fraud Action UK (FFA UK) have revealed a significant rise in the amount of money stolen from contactless bank cards and mobile devices. Contactless...

BCC urges businesses to prepare for new data protection regulations

26th May 2017

The British Chambers of Commerce (BCC) has urged UK businesses to prepare for the implementation of new data protection regulations. Starting from 25 May 2018,...

Household debt set to reach ‘record high’ this year, TUC suggests

25th May 2017

An analysis published by the Trades Union Congress (TUC) has suggested that unsecured debt per UK household will reach a record high of £13,900 over the course...

Third of this year’s retirees ‘still providing financial support to family members' image

Third of this year’s retirees ‘still providing financial support to family members'

24th May 2017

More than a third of people planning to retire this year are still providing financial assistance to family members, according to research from insurance company...

UK workers receiving ‘lower pay’ as a result of higher pension deficit payments image

UK workers receiving ‘lower pay’ as a result of higher pension deficit payments

23rd May 2017

A new report published by the Resolution Foundation has suggested that workers in the UK are receiving ‘lower rates of pay’ as a result of higher pension...

Small Business Taskforce outlines priorities for UK firms in election manifesto

22nd May 2017

The Small Business Taskforce has outlined its priorities for UK small firms ahead of the General Election on 8 June. The Taskforce, which is comprised of 14 organisations,...

Banks urged to take ‘meaningful action’ to safeguard consumers from fraud

19th May 2017

Consumer group Which? has urged banks to take ‘meaningful action’ in order to safeguard consumers from financial fraud. Research published by the group...

CBI calls for next government to create a ‘business Brexit taskforce'

18th May 2017

The Confederation of British Industry (CBI) has called for the next government to set up a ‘business Brexit taskforce’ in the 50 days following the General...

UK inflation rate rises to highest level in four years

17th May 2017

Figures published by the Office for National Statistics (ONS) have revealed that the UK’s rate of inflation has risen to 2.7% – up from a rate of 2.3%...

McBrides supports biggest night of the year for Kent Legals image

McBrides supports biggest night of the year for Kent Legals

16th May 2017

McBrides Chartered Accountants were delighted to sponsor the awards at the Kent Law Society annual dinner on Friday 12th May. The award for the Junior Lawyer of...

Fresh hope for small business finance image

Fresh hope for small business finance

16th May 2017

In 2015, of the 324,000 small and medium sized businesses seeking a loan or an overdraft, 26% were initially declined by their bank. Historically the majority of...

McBrides' expertise in your pocket 24/7! image

McBrides' expertise in your pocket 24/7!

16th May 2017

In the last edition of Business Arena we announced the launch of our new improved app. In this first of a series of “How to..” articles we look...

Tax relief for investors image

Tax relief for investors

16th May 2017

Investors' Relief (IR) is a new tax relief designed to attract new share capital into unlisted companies. It was announced in the 2016 Budget as an extension to...

Government calls time on 'Off Payroll Working' for public sector consultants image

Government calls time on 'Off Payroll Working' for public sector consultants

16th May 2017

New rules for ‘off payroll working' commonly referred to as IR35 or the Intermediaries Legislation, now forces public sector bodies to treat consultants as...

A new era for Apprenticeships image

A new era for Apprenticeships

16th May 2017

For some companies, apprenticeships will have become part of their HR planning for the very first time in April 2017 – when the new Apprenticeship Levy kicked...

FSB outlines ‘urgent steps’ businesses should take to protect against cyber-attacks image

FSB outlines ‘urgent steps’ businesses should take to protect against cyber-attacks

16th May 2017

In light of the recent cyber ransomware attack, the Federation of Small Businesses (FSB) is urging UK businesses to take ‘urgent steps’ to protect themselves. The...

Businesses urged to create ‘more inclusive workplaces'

15th May 2017

The Confederation of British Industry (CBI) has urged UK businesses to create ‘more inclusive workplaces’, and to not allow the creation of such workplace...

UK businesses impeded by mobile ‘not-spots’, BCC reveals

12th May 2017

Businesses across the UK are being impeded by mobile coverage ‘not-spots’, according to a survey carried out by the British Chambers of Commerce (BCC). The...

‘Brexit funding gap’ poses threat to small businesses, report warns

11th May 2017

In a new report, the Federation of Small Businesses (FSB) has warned that ‘billions of pounds in EU funding’ will need to be replaced following the UK’s...

UK workers set to experience fall in real wages, analysis suggests image

UK workers set to experience fall in real wages, analysis suggests

10th May 2017

UK workers are set to experience a fall in real wages in 2017 and 2018, according to an analysis published by the Trades Union Congress (TUC). The analysis, which...

Significant rise in business confidence, ICAEW reveals

9th May 2017

Business optimism has moved into positive territory in the second quarter of this year, according to business confidence monitor data published by the Institute...

Avoid hitting self-employed with extra costs, warns FSB

8th May 2017

The Federation of Small Businesses (FSB) is calling on all political parties to avoid targeting the UK’s 4.8 million self-employed with post-election tax rises. With...

TUC report suggests workers’ rights ‘at risk’ after Brexit

5th May 2017

A new report published by the Trades Union Congress (TUC) has warned that employees in the UK and the EU are ‘at risk from the erosion of workplace rights...

Paper £5 notes set to be demonetised image

Paper £5 notes set to be demonetised

4th May 2017

The paper £5 note will cease to be legal tender from 5 May. The Bank of England (BoE) has been encouraging those who still have old notes to spend them ahead...

Businesses warn General Election ‘must not be about Brexit alone’

3rd May 2017

UK businesses have warned that the upcoming General Election on 8 June ‘must not be about Brexit alone’. The warning comes within an election manifesto,...

Significant rise in number of personal insolvencies, official data shows

2nd May 2017

Data published by the Insolvency Service has revealed that the number of people applying for insolvency has risen to its highest level in nearly three years. During...

Government launches Tax-Free Childcare scheme image

Government launches Tax-Free Childcare scheme

28th April 2017

The government has launched its Tax-Free Childcare scheme, which is designed to help parents with the cost of childcare. Under the new initiative, tax relief worth...

Welcome news for small business as ‘Making Tax Digital’ is put on hold image

Welcome news for small business as ‘Making Tax Digital’ is put on hold

27th April 2017

The Treasury has dropped more than half of the clauses from the Finance Bill, removing 72 of the 136 clauses in an attempt to hasten the Bill’s progress through...

Significant fall in government borrowing, official data reveals

27th April 2017

Government borrowing fell to £52 billion in the year to the end of March, data published by the Office for National Statistics (ONS) has revealed. As a result,...

Small businesses concerned over impact of Brexit on EU workers, FSB suggests

26th April 2017

Over half of small businesses employing workers from the EU are concerned that Brexit may hinder their recruitment of skilled staff, a report published by the Federation...

UK manufacturers report ‘strong growth’ in domestic and export orders

25th April 2017

A survey carried out by the Confederation of British Industry (CBI) has revealed that, in the three months to April, UK manufacturers’ domestic orders improved...

Surge in online card payments sees UK dominate global spending

24th April 2017

New data suggests consumer online shopping has risen by more than a quarter in two years, putting the UK at the top of global online spending. According to a report...

Grandparents to pass down ‘wall of wealth’ to millennials, research suggests image

Grandparents to pass down ‘wall of wealth’ to millennials, research suggests

21st April 2017

New research published by insurers Royal London has suggested that over £400 billion in housing wealth is set to be passed down from older generations to benefit...

IMF upgrades UK growth forecast

20th April 2017

The International Monetary Fund (IMF) has raised its UK growth forecast for 2017 for the second time in three months. Within its half-yearly World Economic Outlook,...

Business groups react to snap General Election announcement

19th April 2017

UK business groups have expressed mixed reactions to Theresa May’s plans to hold a snap General Election on 8 June. Some business leaders have welcomed the...

‘One in five businesses’ falling victim to cyber attacks

18th April 2017

A recent survey has suggested that one in five businesses has been hit by a cyber attack over the course of the last year. The study, released by the British Chambers...

Small business confidence rises to ‘highest level in over a year’, FSB reveals

13th April 2017

Confidence amongst small businesses in the UK has risen to its highest level in more than a year, according to data published by the Federation of Small Businesses...

Government launches new savings bond image

Government launches new savings bond

12th April 2017

The Government has launched a new savings bond, offering a ‘market-leading’ rate of 2.2%. First announced in the 2016 Autumn Statement, the Investment...

House price growth ‘at lowest level since 2013’, research reveals

11th April 2017

Growth in UK house prices slowed significantly in the year to March, research published by Halifax has revealed. House prices rose by 3.8% – the lowest rate...

Workers’ sickness levels ‘at record low’, official figures suggest image

Workers’ sickness levels ‘at record low’, official figures suggest

10th April 2017

Figures published by the Office for National Statistics (ONS) have revealed that the number of working days lost to sickness absence has fallen to its lowest level...

Gender pay gap reporting comes into effect image

Gender pay gap reporting comes into effect

7th April 2017

From 6 April, large businesses are required to publish their gender pay gap figures. The government hopes that the requirement to publish such information will help...

New tax and business measures come into effect image

New tax and business measures come into effect

6th April 2017

As the 2017/18 tax year commences, a range of new tax and business measures have come into effect. The introduction of the new Apprenticeship Levy is amongst these...

Making Tax Digital pilot scheme launched by HMRC image

Making Tax Digital pilot scheme launched by HMRC

5th April 2017

HM Revenue & Customs (HMRC) has launched a new Making Tax Digital for Business (MTDfB) pilot scheme, designed to ‘make it easier for customers to get their...

Growth in UK private sector slows

4th April 2017

The latest Growth Indicator published by the Confederation of British Industry (CBI) has revealed that growth in the UK’s private sector slowed in the three...

Local councils urged to take swift action following business rates increase

3rd April 2017

Councils across England are being urged to distribute quickly the funds allocated for firms hit by the recent hike in business rates. The call came from the Federation...

New National Minimum Wage and National Living Wage rates to come into effect image

New National Minimum Wage and National Living Wage rates to come into effect

31st March 2017

New National Minimum Wage (NMW) and National Living Wage (NLW) rates are set to come into effect from 1 April. The NLW, which applies to those aged 25 and over,...

Business groups react to triggering of Article 50

30th March 2017

Business groups have expressed their opinions on the forthcoming Brexit negotiations and trade talks in the wake of Prime Minister Theresa May’s signing of...

MPs call for review into costs of quarterly tax reporting for small businesses image

MPs call for review into costs of quarterly tax reporting for small businesses

29th March 2017

The Treasury Select Committee has requested an independent review into the estimated costs of mandatory quarterly tax reporting for small firms. The government’s...

New 12-sided pound coin enters circulation image

New 12-sided pound coin enters circulation

28th March 2017

The new 12-sided £1 coin enters circulation today. To help combat the production of counterfeit money, the new pound coin features a ‘hidden high security...

State pension age ‘could rise to 70’, report suggests image

State pension age ‘could rise to 70’, report suggests

27th March 2017

An analysis carried out by the Government Actuary’s Department (GAD) has revealed that workers aged 30 and under may not receive a state pension until the...

All change for apprenticeships: the new funding system for employers image

All change for apprenticeships: the new funding system for employers

24th March 2017

The new Apprenticeship Levy comes into effect on 6 April and heralds significant changes to the way apprenticeships will be funded for all employees. Click on the...

FSB research reveals single market access is ‘top priority’ for small businesses

24th March 2017

Research carried out by the Federation of Small Businesses (FSB) has revealed that small businesses’ top priority post-Brexit is to be able to access the EU...

New imaging system to allow bank cheques to clear in a day

23rd March 2017

New technology to be introduced later this year will allow cheques paid into bank accounts to be cleared within one working day. The Cheque and Credit Clearing Company...

Please join us for a FaB breakfast! - 28 June 2017 image

Please join us for a FaB breakfast! - 28 June 2017

22nd March 2017

FaB (Finance and Business) is our quarterly breakfast club for FDs/CFOs, CEOs and professional advisers (legal, accounting, banking or finance). It costs nothing...

Inflation rises above Bank of England’s target rate

22nd March 2017

Inflation as measured by the Consumer Price Index (CPI) rose to 2.3% in February – up from 1.8% in January, according to the latest figures from the Office...

Prime Minister to trigger Article 50 on 29 March

21st March 2017

Prime Minister Theresa May is set to trigger Article 50 – the legal process that will mark the beginning of two years of EU exit talks – on Wednesday...

Government to create new anti-money laundering watchdog

20th March 2017

The Government has announced that it intends to set up a new regulatory body to combat money laundering and criminal financing in the UK. Operating within existing...

ONS unveils list of goods added to official inflation basket

17th March 2017

The Office for National Statistics (ONS) has published a list of goods that have been added to its inflation basket for the first time. Non-dairy milk, gin, jigsaw...

Philip Hammond makes U-Turn on Budget National Insurance rise for the self-employed image

Philip Hammond makes U-Turn on Budget National Insurance rise for the self-employed

16th March 2017

The Chancellor, Philip Hammond, has faced a backlash from the Conservative backbenchers accusing him of breaking a general election manifesto commitment not to increase...

Chancellor scraps Budget plan to increase NICs for self-employed image

Chancellor scraps Budget plan to increase NICs for self-employed

16th March 2017

Chancellor Philip Hammond has announced that the government will not now proceed with the increase in Class 4 national insurance contributions (NICs) proposed in...

Scottish business groups react to proposal for new independence referendum

15th March 2017

Scottish business groups have given a mixed response to the call by the First Minister Nicola Sturgeon for a new referendum on independence from the United Kingdom....

Parliament passes Brexit Bill, permitting Prime Minister to trigger Article 50

14th March 2017

Parliament has passed the Brexit Bill, allowing Prime Minister Theresa May to trigger Article 50 – the legal process that will mark the beginning of two years...

New NS&I savings deal ‘likely to be bettered’, experts warn image

New NS&I savings deal ‘likely to be bettered’, experts warn

13th March 2017

Experts have warned that a new ‘market-leading’ savings deal announced by Chancellor Philip Hammond at the 2017 Spring Budget is likely to be ‘bettered’...

UK workers ‘face 15 years without a pay rise’, IFS suggests image

UK workers ‘face 15 years without a pay rise’, IFS suggests

10th March 2017

In its analysis of Chancellor Philip Hammond’s Spring Budget, the Institute for Fiscal Studies (IFS) has suggested that workers in the UK ‘face 15 years...

2017 Budget – Chancellor defends NIC increase for the self-employed image

2017 Budget – Chancellor defends NIC increase for the self-employed

9th March 2017

Chancellor Philip Hammond has defended the increase in national insurance contributions (NICs) for the self-employed, as announced in yesterday’s Spring Budget,...

McBrides Accountants 2017 Spring Budget Commentary image

McBrides Accountants 2017 Spring Budget Commentary

8th March 2017

Click on the link to download a copy of McBrides 2017 Spring Budget Report Initial reaction Following the Chancellor's Budget Speech today, Wednesday, 8 March,...

2017 Spring Budget – what to expect image

2017 Spring Budget – what to expect

8th March 2017

Chancellor Philip Hammond will deliver his first Budget speech today at 12:30pm. We will be keeping you up-to-date on the key Budget announcements, and will be supplying...

Survey suggests UK economy is ‘losing momentum’ following strong growth

7th March 2017

The UK economy has started to slow following ‘impressive growth’ at the end of 2016, according to the latest Markit/CIPS Purchasing Managers’ Index...

Chancellor expected to announce greater protection for consumers

6th March 2017

Chancellor Philip Hammond is expected to announce greater protection for consumers when he presents his first Budget later this week. According to recent reports,...

Business rates pressure for Chancellor as Budget approaches image

Business rates pressure for Chancellor as Budget approaches

3rd March 2017

In the week before his first Budget, the Federation of Small Businesses (FSB) continues to lobby Chancellor Philip Hammond on the controversial issue of business...

The Book-Keepers! Three business books we couldn’t live without

2nd March 2017

As pupils across the world celebrate World Book Day today (Thursday 2nd March) we asked some of the team at McBrides for their favourite business reads. Nick Paterno,...

Government launches new strategy to ‘create world-leading digital economy'

2nd March 2017

The government has launched a new digital strategy intended to make Britain ‘the best place in the world to start and grow a digital business’ and to...

Business leaders call for Brexit to be delayed if EU trade deal cannot be struck

1st March 2017

UK business leaders have urged the government to delay the Brexit process if an advantageous trade deal with the EU cannot be struck. In a report published by the...

Accountants play ‘vital role’ in reducing corruption, study suggests image

Accountants play ‘vital role’ in reducing corruption, study suggests

28th February 2017

Research published by the International Federation of Accountants (IFAC) has suggested that accountants play an important role in helping to reduce corruption levels. The...

Thinking of buying a new car? Don’t end up being an ‘April Fool’! image

Thinking of buying a new car? Don’t end up being an ‘April Fool’!

27th February 2017

If you are looking to buy a new car, you might want to consider doing it before 1 April 2017. Road Tax, or Vehicle Excise Duty (VED) as it is officially known, is...

McBrides raises £750 for Demelza

27th February 2017

In 2016 our team nominated Demelza Hospice Care for Children as their charity of the year and undertook a series of in-house events including cake sales, a Spartan...

Inheritance tax receipts rocket image

Inheritance tax receipts rocket

27th February 2017

Figures from HMRC reveal a 22% increase in inheritance tax (IHT) receipts in the 2015/16 tax year. This is a significant uplift from the average 12% annual increases...

Financial accounts for small companies - all change image

Financial accounts for small companies - all change

27th February 2017

In recent years many companies have been preparing and filing 'small company accounts' under the Financial Reporting Standard for Small Entities (FRSSE). However...

Rental income splits image

Rental income splits

27th February 2017

The increases in the income tax personal allowance in recent years has come at the cost of reductions in the band of income being taxed at basic rate but, in the...

UK workers’ wages ‘fell by 1% per year’ following financial crisis, TUC suggests image

UK workers’ wages ‘fell by 1% per year’ following financial crisis, TUC suggests

27th February 2017

Wages for workers in the UK fell drastically following the 2008 financial crisis, research from the Trades Union Congress (TUC) has suggested. The TUC’s analysis...

ICAEW urges Chancellor to reconsider timetable for implementing key initiatives image

ICAEW urges Chancellor to reconsider timetable for implementing key initiatives

24th February 2017

The Institute of Chartered Accountants in England and Wales (ICAEW) has called for Chancellor Philip Hammond to re-evaluate the timetable for the successful implementation...

Green Paper on defined benefit pensions is a “sensible start”, says CBI image

Green Paper on defined benefit pensions is a “sensible start”, says CBI

23rd February 2017

The Confederation of British Industry (CBI) has labelled a new government Green Paper on defined benefit pension schemes a “sensible start to a complex conversation”....

Chancellor claims he is ‘listening’ to business rates concerns

22nd February 2017

Ahead of his first Budget speech on 8 March, Chancellor Philip Hammond has told Conservative MPs that he is ‘listening’ to concerns about an imminent...

Small businesses ‘not ready’ for Making Tax Digital, survey finds image

Small businesses ‘not ready’ for Making Tax Digital, survey finds

21st February 2017

A survey carried out by the UK200Group has suggested that many small businesses do not feel prepared for the introduction of the government’s new Making Tax...

Savings gap between low and high income households widens, report reveals image

Savings gap between low and high income households widens, report reveals

20th February 2017

A report published by insurance company Aviva has revealed that the savings gap between low and high income families in the UK has grown by 25% year on year. According...

Queen opens new National Cyber Security Centre

17th February 2017

The Queen has officially opened the UK’s new National Cyber Security Centre (NCSC), which is designed to protect businesses and individuals against destabilising...

IoD calls for Budget to include a major review of the tax system image

IoD calls for Budget to include a major review of the tax system

16th February 2017

Institute of Directors (IoD) has claimed that the tax system is not keeping up with the growth of self-employment and the digital economy, and has called for Chancellor...

Inflation rises to 1.8% but remains below Bank of England’s target

15th February 2017

Annual inflation as measured by the Consumer Prices Index (CPI) reached 1.8% last month, up from 1.6% in December. It is the fourth consecutive month that the rate...

CBI publishes Brexit guide for businesses

14th February 2017

The Confederation of British Industry (CBI) has published a Brexit guide for businesses, which provides advice and support in regards to trade between the UK and...

Pensioner household incomes ‘surpass those of working age counterparts’ image

Pensioner household incomes ‘surpass those of working age counterparts’

13th February 2017

The income of a typical pensioner household has now surpassed that of an average working family, a new report suggests. According to a study by the Resolution Foundation,...

McBrides Chartered Accountants signs Bexley Skills Charter image

McBrides Chartered Accountants signs Bexley Skills Charter

10th February 2017

McBrides Chartered Accountants is proud to announce that it has recently signed the Bexley Skills Charter. The new Charter will facilitate conversation and action...

Business groups publish Budget wish lists image

Business groups publish Budget wish lists

10th February 2017

Ahead of the 2017 Spring Budget on 8 March, business groups have set out their wishes and priorities for both business and the UK economy. In a letter to Chancellor...

Insurance premium tax could lead to price rises for motorists, warns AA

9th February 2017

Vehicle breakdown service the AA has warned that it may need to raise its prices due to a significant increase in the rate of insurance premium tax (IPT). The government...

IFS predicts UK tax burden to reach 30-year high

8th February 2017

The Institute for Fiscal Studies (IFS) has claimed that taxes are on course to rise by £17 billion over the course of this Parliament, which would take the...

Half of SMEs ‘to increase prices’ as result of fall in Sterling, BCC suggests

7th February 2017

A survey carried out by the British Chambers of Commerce (BCC) has revealed that 54% of small and medium-sized enterprises (SMEs) expect to have to raise the prices...

Business groups respond to publication of Brexit White Paper

6th February 2017

Business groups have responded to the government’s recent publication of its Brexit White Paper, which outlines its ambition to create a ‘new, positive...

Bank of England raises UK growth forecast

3rd February 2017

The Bank of England has once again significantly increased its growth forecast for the year. It now expects the UK economy to grow by 2% in 2017 – a major...

Business group criticises new tax digitisation timetable image

Business group criticises new tax digitisation timetable

2nd February 2017

The Federation of Small Businesses (FSB) has criticised the revisions made by HM Revenue & Customs (HMRC) to the timetable for the successful implementation...

Eating cake & Jumping over fire to raise funds for Demelza image

Eating cake & Jumping over fire to raise funds for Demelza

1st February 2017

The team at McBrides Chartered Accountants in Sidcup nominated Demelza Hospice Care for Children as their charity of the year in 2016 and undertook a series of in-house...

HMRC publishes Making Tax Digital consultation response image

HMRC publishes Making Tax Digital consultation response

1st February 2017

HMRC has published its response to the feedback it received on its six Making Tax Digital (MTD) consultations. The initiative is intended to create a ‘transparent...

IFS warns apprenticeships policy risks being ‘poor value for money' image

IFS warns apprenticeships policy risks being ‘poor value for money'

31st January 2017

The Institute for Fiscal Studies (IFS) has warned that the government’s target to increase the number of apprentices risks being ‘poor value for money’. In...

Significant rise in number of individuals being declared insolvent

30th January 2017

The number of individuals declared insolvent rose by 13% in 2016, figures from the Insolvency Service have revealed. 90,930 people in England and Wales were declared...

Chancellor on course to hit deficit target as government borrowing falls

27th January 2017

Figures published by the Office for National Statistics (ONS) show that government borrowing totalled £6.9 billion in December 2016. Although this figure is...

Following the bear and the Enterprise Investment path image

Following the bear and the Enterprise Investment path

26th January 2017

From l to r - Terry Baldwin (McBrides), Richard Longhurst (Hofmeister),David Farrington (Hofmeister), Nigel Kimber (McBrides) It’s now possible to follow...

Single market access and skills are main Brexit concerns for small businesses, finds FSB

26th January 2017

The Federation of Small Businesses (FSB) has published its initial findings from a six-month research programme on the business impact of leaving the EU. The report...

HMRC set to introduce voice recognition technology to tax helplines image

HMRC set to introduce voice recognition technology to tax helplines

25th January 2017

HM Revenue & Customs (HMRC) is set to introduce voice recognition technology to a handful of its tax helplines, which will require taxpayers to vocally confirm...

Prime Minister outlines plans for new industrial strategy

24th January 2017

Prime Minister Theresa May has outlined proposals for the government’s new industrial strategy, which is designed to provide a boost to the UK economy. The...

Government must ‘change way tax and budget decisions are made’, report urges image

Government must ‘change way tax and budget decisions are made’, report urges

23rd January 2017

In a recently published report, the Institute for Fiscal Studies (IFS), the Chartered Institute of Taxation (CIOT) and the Institute for Government (IfG) have called...

Significant rise in number of businesses falling victim to fraud and cybercrime

20th January 2017

The number of UK businesses affected by corporate fraud and cybercrime has risen by 16% over the past year, according to a new report published by risk management...

Thousands of grandparents ‘missing out’ on National Insurance credits image

Thousands of grandparents ‘missing out’ on National Insurance credits

19th January 2017

Former Pensions Minister, Sir Steve Webb, has said that tens of thousands of grandparents are missing out on National Insurance (NI) credits, which could be worth...

Business groups react to Prime Minister’s Brexit speech

18th January 2017

Business groups have given their reactions to Prime Minister Theresa May’s recent speech in which she set out the government’s approach to negotiating...

MPs call for more extensive Making Tax Digital pilots image

MPs call for more extensive Making Tax Digital pilots

17th January 2017

In a report on the government’s plans for the landmark new digital tax initiative, the Treasury Select Committee has urged HM Revenue & Customs (HMRC)...

Solicitors be mindful - you are not a bank! image

Solicitors be mindful - you are not a bank!

17th January 2017

The SAR Rule (14.5) preventing a firm’s client account being used as a banking facility has made the news over the last couple of months with a spate of recent...

UK household disposable income rises but generation gap widens

16th January 2017

New figures from the Office for National Statistics (ONS) show that the average UK household's disposable income rose by £564 in 2015/16. However, the figures...

Brexit ‘no longer biggest risk to UK financial system’, says Bank of England Governor

13th January 2017

The Governor of the Bank of England, Mark Carney, has told MPs that Brexit is no longer the main threat to the UK financial system and that its risk to the UK economy...

Small business incentives are ‘key to closing carbon gap’ says FSB

12th January 2017

A new report by the Federation of Small Businesses (FSB) has warned that the UK risks failing to meet its climate obligations unless more is done to incentivise...

Employees spend £1,000 per year on workplace expenses, study suggests

11th January 2017

A study carried out by building society Nationwide has suggested that workers spend around £1,000 a year on workplace expenses such as birthday gifts, tea...

Unsecured household debt hits record high, claims TUC

10th January 2017

A new report by the Trades Union Congress (TUC) has revealed that household debt rose sharply over 2016, with total unsecured debt (that is, debt other than mortgages)...

Younger generations to inherit ‘more than predecessors’, research suggests image

Younger generations to inherit ‘more than predecessors’, research suggests

9th January 2017

Younger generations are set to inherit more money than previous generations, according to research published by the Institute for Fiscal Studies (IFS). The data...

Significant rise in business confidence, BCC reveals

6th January 2017

Business confidence in the UK rose during the last quarter of 2016, research from the British Chambers of Commerce (BCC) has revealed. Data from the BCC’s...

Gender pay gap ‘halves’ for women in their 20s, research suggests image

Gender pay gap ‘halves’ for women in their 20s, research suggests

5th January 2017

The gender pay gap for women in their 20s has halved to 5%, research published by the Resolution Foundation has suggested. The Foundation’s analysis of Office...

Business groups outline priorities for 2017

4th January 2017

Five of the most prominent business groups in the UK have jointly signed a letter outlining their priorities for British businesses across all sectors for 2017. The...

Thousands of tax returns filed over festive period, HMRC reveals image

Thousands of tax returns filed over festive period, HMRC reveals

3rd January 2017

HM Revenue & Customs (HMRC) has revealed that thousands of taxpayers submitted their self assessment tax returns online over the festive period. According to...

Start the New Year right: make a financial resolution

23rd December 2016

With 2017 just around the corner, businesses and individuals should consider creating financial New Year resolutions to set themselves on course for a profitable...

Don’t forget to file your self assessment tax return before the deadline image

Don’t forget to file your self assessment tax return before the deadline

23rd December 2016

The deadline for submitting the 2015/16 self assessment tax return online is looming. Online returns must be filed by midnight on 31 January 2017. Tax returns submitted...

Protecting your business against wintry conditions

23rd December 2016

Ensuring that your business has adequate protection against the winter weather is essential. However, it is not just snow and ice that UK businesses must watch...

Legal providers must do more to help small businesses, says regulator

23rd December 2016

The Competition and Markets Authority (CMA) has called for legal service providers to provide greater transparency so that consumers and small businesses can more...

Wales set to receive income tax powers in 2019 image

Wales set to receive income tax powers in 2019

22nd December 2016

In a devolutionary deal similar to the one granted to the Scottish government, the Welsh government has been given new powers to set its own rates of income tax...

Chancellor announces Spring Budget date image

Chancellor announces Spring Budget date

21st December 2016

The Chancellor of the Exchequer, Philip Hammond, has announced that he will deliver the 2017 Spring Budget on Wednesday 8 March. The Spring Budget speech will be...

Businesses in the UK owe £1.8 billion in late corporation tax, research reveals image

Businesses in the UK owe £1.8 billion in late corporation tax, research reveals

20th December 2016

UK businesses owe HM Revenue & Customs (HMRC) a total of £1.8 billion in late corporation tax payments, research from financial supermarket Funding Options...

Significant rise in amount generated by parking fines and charges, research suggests

19th December 2016

The amount of money councils generated from parking fines and charges has risen by more than £60 million over the past year, research published by the RAC...

Finance Secretary uses Scottish Budget to outline tax changes image

Finance Secretary uses Scottish Budget to outline tax changes

16th December 2016

Derek Mackay, Finance Secretary for Scotland, has delivered Scotland’s draft Budget, outlining a range of changes to both taxation and finance. Marking the...

Commission calls for government to act now on 5G networks

15th December 2016

The National Infrastructure Commission (NIC) has published its final report into 5G and telecommunication technology, in which it calls for the government to take...

CBI welcomes new government railway initiative

14th December 2016

The Confederation of British Industry (CBI) has welcomed the announcement of a new government initiative to improve rail services by bringing train and track operations...

Business disputes ‘costing small firms billions’, FSB suggests

13th December 2016

A new report published by the Federation of Small Businesses (FSB) has revealed that commercial disputes are costing small businesses in England and Wales at least...

ONS launches new online tool to allow users to calculate gender pay gap image

ONS launches new online tool to allow users to calculate gender pay gap

12th December 2016

The Office for National Statistics (ONS) has launched a new online tool allowing users to calculate their gender pay gap by profession. The tool makes use of data...

ICAEW reminds employers to make use of tax break as seasonal celebrations commence image

ICAEW reminds employers to make use of tax break as seasonal celebrations commence

9th December 2016

Institute of Chartered Accountants in England and Wales (ICAEW) is reminding employers holding a seasonal party to make use of a tax break which permits businesses...

New flood insurance scheme launched to help small businesses

8th December 2016

The British Insurance Brokers’ Association (BIBA) has announced the launch of an insurance scheme to provide flood cover for businesses, after the government...

UK private sector growth remains steady, CBI reveals

7th December 2016

Growth in the UK’s private sector remained steady in the three months to November, according to the latest Growth Indicator from the Confederation of British...

Government unveils new payment reporting rules for large companies

6th December 2016

The government has outlined new measures that will require large companies to publish details on how quickly they pay their suppliers. The proposals, which come...

Agency workforce set to reach one million as think-tank calls for review of employment rights

5th December 2016

The number of agency workers has risen by 30% in the last five years and could reach one million by 2020, a think-tank has claimed. A new report from the Resolution...

MPs issue warning over plans to move HMRC services online image

MPs issue warning over plans to move HMRC services online

2nd December 2016

The Public Accounts Committee (PAC) has warned that plans to move HM Revenue & Customs (HMRC) services online could lead to a ‘disastrous decline’...

FSB welcomes proposal to put small business champions on boards

1st December 2016

The Federation of Small Businesses (FSB) has welcomed the Government’s new Green Paper on corporate governance, which includes a proposal for large companies...

Two new payment safeguards to protect online consumers unveiled

30th November 2016

The Payments Strategy Forum – the body set up to analyse and improve the payments industry – has unveiled two new safeguards designed to protect people...

Employment ‘unaffected’ by National Living Wage, regulatory body reveals image

Employment ‘unaffected’ by National Living Wage, regulatory body reveals

29th November 2016

The National Living Wage (NLW) has not adversely affected employment, the Low Pay Commission (LPC) has stated. The LPC, the body that monitors low pay on behalf...

Significant number of individuals facing ‘retirement income shortfall’ image

Significant number of individuals facing ‘retirement income shortfall’

28th November 2016

More than half of the 25.5 million individuals in employment in the UK are at risk of not having a satisfactory income in old age, the Pensions and Lifetime Savings...

Nearly a third of payments to small businesses are late, FSB report finds

25th November 2016

A new report by the Federation of Small Businesses (FSB) claims that existing government policies have had no discernible effect on tackling what it calls the UK’s...

Concerns facing industries employing large numbers of low paid employees image

Concerns facing industries employing large numbers of low paid employees

23rd November 2016

Comment on the Autumn Statement 2016 by Nick Paterno, our Managing Partner "It was interesting to see the new Chancellor Philip Hammond’s confident and humorous...

Significant rise in long commutes to work, TUC reveals

22nd November 2016

The number of workers with daily commutes of two hours or more has risen by 31% over the past five years, analysis from the Trades Union Congress (TUC) has revealed. Based...

Chancellor expected to announce plans to ban pension cold calling image

Chancellor expected to announce plans to ban pension cold calling

21st November 2016

Chancellor Philip Hammond is expected to use the forthcoming Autumn Statement to announce plans to ban businesses from cold calling retirees. Eight scam calls are...

Savers should be warned about Lifetime ISA risks, financial regulator suggests image

Savers should be warned about Lifetime ISA risks, financial regulator suggests

18th November 2016

The Financial Conduct Authority (FCA) has suggested that Lifetime ISA providers should warn savers of the potential risks associated with the new savings vehicle. Announced...

CBI calls for investment as unemployment figures hit record low

17th November 2016

UK unemployment fell by 37,000 to 1.6 million in the three months to September, its lowest level for 11 years, according to data published by the Office for National...

Government launches new digital service to help small businesses export

16th November 2016

The Department for International Trade (DIT) has launched a new online platform designed to help UK businesses with exporting. Described as a “digital trade...

1% pension exit fee cap confirmed by FCA image

1% pension exit fee cap confirmed by FCA

15th November 2016

Early exit charges for individuals withdrawing money from their pension pot will be capped at 1%, the Financial Conduct Authority (FCA) has confirmed. For existing...

Businesses risk losing key staff due to ‘high cost of childcare’ image

Businesses risk losing key staff due to ‘high cost of childcare’

14th November 2016

Businesses risk losing key employees due to the ‘high cost of childcare’, the British Chambers of Commerce (BCC) has warned. In a study of more than...

ONS to change preferred measure of inflation to include costs of home ownership

11th November 2016

The Office for National Statistics (ONS) has confirmed that it is set to change its preferred measure of inflation in an attempt to better reflect the costs of owning...

BCC expresses ‘concern’ about manufacturing despite September growth

10th November 2016

Manufacturing output rose by 0.6% in September, according to data published by the Office for National Statistics (ONS). This represents an increase from a growth...

IFS predicts UK finances will be ‘£25 billion worse off’ by 2020

9th November 2016

The outlook for Britain's public finances has worsened by £25 billion since the March Budget, according to economic think tank the Institute for Fiscal Studies...

Chancellor outlines new cyber security strategy

8th November 2016

The Chancellor of the Exchequer, Philip Hammond, has launched a new cyber security initiative, which will set out action that the Government will take to protect...

MPs call for an end to ‘triple-lock’ pension guarantee  image

MPs call for an end to ‘triple-lock’ pension guarantee

7th November 2016

A cross-party group of MPs has called for the ‘triple-lock’ on state pensions to be scrapped amid concerns that it is ‘unfair’ and ‘unsustainable’....

FSB calls for introduction of confidence-boosting initiatives in Autumn Statement image

FSB calls for introduction of confidence-boosting initiatives in Autumn Statement

4th November 2016

In its Autumn Statement submission, the Federation of Small Businesses (FSB) has urged Chancellor Philip Hammond to implement a range of initiatives to ‘boost...

New scheme launched to match small businesses with alternative finance sources

3rd November 2016

Small businesses who are unable to access finance from big banks will be matched with alternative finance options under a new Government scheme. The new programme...

Government considers ban on unpaid internships image

Government considers ban on unpaid internships

2nd November 2016

A requirement to pay interns at least the National Minimum Wage (NMW) is being considered by the Government, amid concerns that unpaid internships give wealthy candidates...

Treasury urges businesses to prepare for introduction of new pound coin

1st November 2016

The Treasury has urged businesses to prepare in advance for the March 2017 introduction of the new 12-sided £1 coin. A new Government website has called for...

UK economy grows by 0.5% following Brexit vote

31st October 2016

The UK economy grew by 0.5% in the three months following the Brexit vote, figures from the Office for National Statistics (ONS) have revealed. This, however, was...

CBI outlines Autumn Statement proposals image

CBI outlines Autumn Statement proposals

28th October 2016

In its Autumn Statement submission, the Confederation of British Industry (CBI) has urged Chancellor Philip Hammond to consider a range of measures to help boost...

Lowest paid workers see fastest earnings growth in 2016 image

Lowest paid workers see fastest earnings growth in 2016

27th October 2016

Pay growth between April 2015 and April 2016 was fastest at the bottom end of the earnings scale, according to an annual survey by the Office for National Statistics...

Banks hurting small businesses with branch closures, claims FSB

26th October 2016

Small firms are being ‘let down’ by local bank branch closures, according to the Federation of Small Businesses (FSB). In a new report, the FSB claims...

Significant rise in manufacturing exports, survey reveals

25th October 2016

The depreciation in sterling has contributed to a significant rise in manufacturing exports, a survey by the Confederation of British Industry (CBI) has revealed. The...

Millions of married couples ‘failing to claim Transferable Tax Allowance’ image

Millions of married couples ‘failing to claim Transferable Tax Allowance’

24th October 2016

Millions of married couples are yet to claim the Government’s Transferable Tax Allowance, latest figures from HMRC show. Of the 4.2 million couples eligible...

Small Business Taskforce created to ‘protect SMEs’ in post-Brexit UK

21st October 2016

The Institute of Chartered Accountants in England and Wales (ICAEW) has joined forces with 12 other organisations to create a Small Business Taskforce, designed...

Treasury abandons plans to allow pensioners to sell annuities image

Treasury abandons plans to allow pensioners to sell annuities

20th October 2016

The Treasury has announced that it is shelving George Osborne’s plan to allow pensioners to sell their annuities for cash. The former Chancellor mooted the...

UK inflation rises to highest level in two years

19th October 2016

Inflation rose to 1.0% in September, up from 0.6% in August, according to official figures from the Office for National Statistics (ONS). Although low in historical...

Self-employed ‘earning less than they did 20 years ago’, report suggests image

Self-employed ‘earning less than they did 20 years ago’, report suggests

18th October 2016

Average wages for self-employed individuals are lower than they were in 1994/95, a report by the Resolution Foundation has revealed. Data published by the think...

Business group urges Chancellor to ‘boost business investment’ image

Business group urges Chancellor to ‘boost business investment’

17th October 2016

In its Autumn Statement submission, the British Chambers of Commerce (BCC) has urged the Chancellor, Philip Hammond, to ‘incentivise business investment’,...

Stress ‘top health and safety concern in UK workplaces', TUC suggests

14th October 2016

A survey conducted by the Trades Union Congress (TUC) has revealed that stress is now the biggest health and safety concern within UK workplaces. The data, which...

New Additions

14th October 2016

After a period of significant growth, we are expanding our team and creating new roles. Introducing: Anthony Hawkins joined the team in August as a manager in...

Attention all Company Secretaries! image

Attention all Company Secretaries!

14th October 2016

As from 1 July 2016 companies and LLP’s have been required to file a Confirmation Statement in place of the Annual Return at Companies House. The first Confirmation...

‘Limited progress’ has been made in reducing cost of regulation, PAC suggests

13th October 2016

A new report published by the Public Accounts Committee (PAC) suggests that the Government has made ‘limited progress’ in reducing the cost of regulation...

New tool allows users to check their revised business rates

12th October 2016

A new Government tool allows individuals in England and Wales who pay business rates to easily check their new draft rateable value, and, from this, get an estimate...

Business groups urge Government to avoid ‘hard’ Brexit

11th October 2016

Business groups, including the Confederation of British Industry (CBI) and the International Chamber of Commerce (ICC), have penned an open letter to the Government,...

Government to create new financial guidance service

10th October 2016

The Money Advice Service (MAS) is set to be replaced by a new financial guidance service, the Government has announced. The new service will also replace the Pensions...

Services sector continues to recover, according to latest PMI figures

7th October 2016

The services sector, which accounts for nearly three-quarters of the UK economy, shows continued signs of recovery, according to the latest Markit/CIPS Purchasing...

Savers ‘having to make difficult decisions’ about retirement plans, TUC warns image

Savers ‘having to make difficult decisions’ about retirement plans, TUC warns

6th October 2016

Over a quarter of a million pension savers are being left to ‘fend for themselves’ when making important decisions about their retirement, the Trades...

Small businesses ‘need help’ with minimum wage increase, FSB claims image

Small businesses ‘need help’ with minimum wage increase, FSB claims

5th October 2016

The Federation of Small Businesses (FSB) has called on the Government to provide more support to small businesses to help them cope with the latest increase in the...

Chancellor urged to ‘overhaul tax policy' image

Chancellor urged to ‘overhaul tax policy'

4th October 2016

Ahead of his first Autumn Statement speech on 23 November, Chancellor Philip Hammond has been urged to ‘overhaul the way tax policy is made in the UK’. In...

Businesses expect significant economic growth over autumn, CBI suggests

3rd October 2016

Firms expect a surge in output in the final quarter of this year, according to a survey of 778 private companies by the Confederation of British Industry (CBI). The...

New National Minimum Wage rates set to come into effect image

New National Minimum Wage rates set to come into effect

30th September 2016

New National Minimum Wage (NMW) rates are set to come into force on 1 October. Rates will increase by between 3% and 4.7% for individuals under the age of 25 and...

Many consumers ‘do not trust companies to use data responsibly’, survey suggests

29th September 2016

A recent survey of 2,500 people by the Chartered Institute of Marketing (CIM) found that 57% do not trust companies to handle the personal information they collect...

Business groups react to Shadow Chancellor’s conference speech

28th September 2016

Business groups have reacted to Shadow Chancellor John McDonnell’s speech to the Labour Party conference in Liverpool, in which he set out his positions on...

Businesses paid ‘record amount’ of corporation tax in 2015, figures suggest image

Businesses paid ‘record amount’ of corporation tax in 2015, figures suggest

27th September 2016

Small businesses in the UK paid a record high of £32.4 billion in corporation tax during 2015, data from Funding Options has revealed. Figures from the online...

Workplace pension enrolment at record high, data reveals image

Workplace pension enrolment at record high, data reveals

26th September 2016

The number of individuals with a workplace pension reached a record high in 2015, new data from the Office for National Statistics (ONS) has revealed. The figures...

Businesses meet with Chancellor to discuss Autumn Statement proposals image

Businesses meet with Chancellor to discuss Autumn Statement proposals

23rd September 2016

The Chancellor, Philip Hammond, has met with representatives from British businesses to listen to their views ahead of the forthcoming Autumn Statement. The roundtable...

Small business confidence ‘falls into negative territory for first time in four years’

22nd September 2016

A survey conducted by the Federation of Small Businesses (FSB) has revealed that small business confidence has dipped into negative territory for the first time...

New figures show a major increase in financial fraud in first half of 2016

21st September 2016

More than one million incidents of financial fraud occurred in the first six months of 2016, constituting a 53% increase when compared to the same period last year,...

Businesses ‘lack clarity’ over Apprenticeship Levy, BCC suggests image

Businesses ‘lack clarity’ over Apprenticeship Levy, BCC suggests

20th September 2016

A survey conducted by the British Chambers of Commerce (BCC) has revealed that many businesses lack clarity over the Government’s new Apprenticeship Levy. From...

HMRC sends text message warnings to taxpayers image

HMRC sends text message warnings to taxpayers

19th September 2016

HM Revenue & Customs (HMRC) has begun sending text message warnings to taxpayers designed to prompt them to pay their taxes on time. In a trial conducted by...

New measures to support Prompt Payment Code confirmed

16th September 2016

New measures to support the Prompt Payment Code (PPC) and combat late payments have been confirmed by the Small Business Minister, Margot James. A letter to PPC...

New polymer £5 note enters circulation

15th September 2016

The new polymer £5 note, termed ‘The New Fiver’, has entered circulation in England and Wales. The note, which was issued by the Bank of England...

FSB welcomes Government flood defence review

14th September 2016

The Federation of Small Businesses (FSB) has welcomed the Government’s publication of a new review of national flood defences, but says ‘there is still...

Government launches new disclosure facility for offshore tax evasion image

Government launches new disclosure facility for offshore tax evasion

13th September 2016

HM Revenue & Customs (HMRC) has launched a new online disclosure facility, designed to give those with hidden offshore wealth a ‘last chance’ to...

Making Tax Digital ‘delayed until 2019’ for many businesses image

Making Tax Digital ‘delayed until 2019’ for many businesses

12th September 2016

The introduction of HMRC’s new Making Tax Digital drive may be delayed until 2019 for most businesses, the Financial Secretary to the Treasury, Jane Ellison...

Dear Mr Hammond,  A plea on behalf of UK SME’s…. image

Dear Mr Hammond, A plea on behalf of UK SME’s….

9th September 2016

As the new man at Number 11 Downing Street, we understand that you have been contemplating the state of the nation’s finances and formulating aspirations for...

Chancellor to deliver Autumn Statement on 23 November image

Chancellor to deliver Autumn Statement on 23 November

9th September 2016

Chancellor Philip Hammond will deliver his first Autumn Statement on Wednesday 23 November, it has been announced. The Chancellor revealed the date in an appearance...

Bank of England Governor ‘serene’ about Brexit economic strategy

8th September 2016

Bank of England (BoE) Governor Mark Carney has said that he is ‘absolutely serene’ about the Bank’s preparations for the impact of the Brexit referendum...

CBI figures show steady growth across UK private sector

7th September 2016

Output growth across the manufacturing, distribution and service sectors rose steadily over the summer despite fears about the Brexit vote, according to figures...

Illness causes ‘one in eight’ to stop working before reaching State Pension age

6th September 2016

Ill health or disability is causing one in eight individuals to leave work before they reach State Pension age, the Trades Union Congress (TUC) has suggested. A...

Small businesses’ profits affected by National Living Wage, FSB suggests image

Small businesses’ profits affected by National Living Wage, FSB suggests

5th September 2016

New research by the Federation of Small Businesses (FSB) has revealed that more than half of small businesses have had their profits adversely affected by the National...

MPs call for ‘urgent action’ to prevent maternity discrimination image

MPs call for ‘urgent action’ to prevent maternity discrimination

2nd September 2016

The Women and Equalities Select Committee has called for ‘urgent action’ to protect pregnant women and new mothers in the workplace, after finding evidence...

Government consults on new pensions advice allowance image

Government consults on new pensions advice allowance

1st September 2016

The Government has launched a consultation on the new pensions advice allowance, which will permit those nearing retirement to withdraw up to £500 from their...

‘Collapse’ in holiday work hitting job prospects for young, claims IPPR

31st August 2016

A study by the Institute for Public Policy Research (IPPR) claims that a fall in summer work is harming the work experience opportunities available to young people. The...

Services sector optimism falls, CBI survey suggests

30th August 2016

Optimism within the services industry has fallen significantly following the UK’s vote to leave the EU, a survey by the Confederation of British Industry (CBI)...

Significant surge in contactless card usage

26th August 2016

Contactless card usage reached record levels in the first half of this year, with consumers spending over £9 billion using this method of payment. Data from...

Manufacturing boosted by exports, CBI survey finds

25th August 2016

Manufacturing output grew while total orders remained steadfast, according to the latest monthly Industrial Trends Survey conducted by the Confederation of British...

Small businesses financially hurt by unfair contract terms, survey suggests

24th August 2016

A new survey suggests that over half of small businesses have been hurt financially by unfair contract terms with suppliers, costing nearly £4 billion in the...

Gender wage gap ‘wider for mothers’, report suggests image

Gender wage gap ‘wider for mothers’, report suggests

23rd August 2016

Women with children face a widening gender wage gap, new research from the Institute for Fiscal Studies (IFS) has suggested. The report, which was funded by the...

Government unveils proposals for Apprenticeship Levy and incentives image

Government unveils proposals for Apprenticeship Levy and incentives

22nd August 2016

The Government has announced detailed proposals for how the new funding arrangements for apprenticeships will work under a reformed system, including additional...

Government being urged to delay Lifetime ISA launch image

Government being urged to delay Lifetime ISA launch

19th August 2016

Pension providers and banks are urging the Government to delay the April 2017 launch of the new Lifetime ISA, warning that they will not be ready to offer the savings...

Rising fuel prices contribute to increase in UK inflation rate

18th August 2016

The UK’s inflation rate as measured by the Consumer Prices Index (CPI) rose to 0.6% in July from 0.5% in June, data from the Office for National Statistics...

Small businesses could ‘double number of apprenticeships’, report finds image

Small businesses could ‘double number of apprenticeships’, report finds

17th August 2016

A new report by the Federation of Small Businesses (FSB) has found that the small business sector in England has the potential to double the number of apprentices...

HMRC outlines further Making Tax Digital plans image

HMRC outlines further Making Tax Digital plans

16th August 2016

HM Revenue & Customs (HMRC) has published a series of consultation documents outlining further plans for the Government’s Making Tax Digital initiative. The...

Minority withdrawing ‘too much’ from pension pots, ABI warns image

Minority withdrawing ‘too much’ from pension pots, ABI warns

15th August 2016

A minority of individuals making use of new pension freedoms have been warned that they may be ‘withdrawing too much too soon’ from their pension pots. New...

HMRC considers changes to SDLT filing and payment process image

HMRC considers changes to SDLT filing and payment process

12th August 2016

HM Revenue & Customs (HMRC) has launched an eight-week consultation on plans to make changes to the stamp duty land tax (SDLT) filing and payment process. During...

CMA publishes final recommendations for banking sector reform

11th August 2016

Following 21 months of investigation and consultation, the Competition and Markets Authority (CMA) has released its final recommendations on changes to the retail...

Rise in retail sales despite Brexit fears

10th August 2016

Fears of an immediate post-Brexit vote slump in the UK retail sector proved unfounded, as new figures reveal that retail sales increased in July. A survey by the...

Businesses call on Government to reconsider National Living Wage targets image

Businesses call on Government to reconsider National Living Wage targets

9th August 2016

Business groups, including the Federation of Small Businesses (FSB), have written to the new Business Secretary, Greg Clark, calling for National Living Wage (NLW)...

306% increase in pension auto-enrolment enforcements image

306% increase in pension auto-enrolment enforcements

8th August 2016

Enforcement action against small businesses who fail to comply with pension auto-enrolment requirements has risen by 306%, data from The Pensions Regulator (TPR)...

UK interest rates cut to record low

5th August 2016

The Bank of England (BoE) has cut UK interest rates from 0.5% to 0.25% – the lowest level in the Bank’s 322-year history. All nine members of the BoE’s...

FSB calls on new Small Business Minister to tackle late payments

4th August 2016

The Federation of Small Businesses (FSB) has welcomed the appointment of Margot James MP as the new Minister for Small Business, Consumer Protection and Corporate...

New BBI website launched to help small businesses find best banking service

3rd August 2016

A new, enhanced Business Banking Insight (BBI) website has been launched, aiming to improve competition and choice in the banking sector and to provide help for...

Business confidence ‘falls into negative territory’, ICAEW data reveals

2nd August 2016

Business confidence has fallen significantly, continuing a two-year downward trend, new data from the Institute of Chartered Accountants in England and Wales (ICAEW)...

TUC research suggests British workers experienced ‘biggest fall in real wages' image

TUC research suggests British workers experienced ‘biggest fall in real wages'

1st August 2016

Workers in the UK have experienced the biggest fall in real wages of any leading economy, new research from the Trades Union Congress (TUC) has suggested. The TUC’s...

All change at the top - what does this mean for the 15% corporation tax rate cut? image

All change at the top - what does this mean for the 15% corporation tax rate cut?

20th July 2016

BLOG by Nick Paterno: As the new Prime Minister Theresa May signals a possible relaxing of George Osborne's austerity plans to cut the deficit, and the new Chancellor...

Business groups react to new PM’s plans for reform

15th July 2016

Following Theresa May’s appointment as Prime Minister, business groups have been giving their reactions to her appointment and plans to reform Britain’s...

New Chancellor Philip Hammond rules out emergency Budget but hints at policy change image

New Chancellor Philip Hammond rules out emergency Budget but hints at policy change

14th July 2016

In his first media appearances as the new Chancellor of the Exchequer, Philip Hammond has effectively ruled out an ‘emergency Budget’ following the Brexit...

Sterling rises as Theresa May prepares to become Prime Minister

13th July 2016

The pound rose significantly as markets reacted to the removal of uncertainty regarding who would become the next Prime Minister, with Theresa May poised to take...

Interest on savings accounts reaches new lows image

Interest on savings accounts reaches new lows

12th July 2016

Over 900 cuts to savings rates have occurred since the beginning of the year, compared to just 111 rate increases, research from financial analyst group Moneyfacts...

Employment unaffected by National Living Wage, survey reveals image

Employment unaffected by National Living Wage, survey reveals

11th July 2016

Employers have raised prices or reduced profits rather than deciding to cut jobs in response to the introduction of the National Living Wage (NLW), research from...

New CBI report finds that ‘scale-up’ businesses are key to UK productivity

8th July 2016

The Confederation of British Industry (CBI) has launched a new report which claims that fast-growing medium-sized businesses – known as ‘scale-ups’...

Cyber security not being prioritised by SMEs, survey indicates

7th July 2016

Only one in five small businesses in the UK consider cyber security to be a top priority, a survey by Barclaycard has suggested. The study found that cyber-attacks...

Please join us for a FaB breakfast! - 12 October 2016 image

Please join us for a FaB breakfast! - 12 October 2016

7th July 2016

FaB (Finance and Business) is our quarterly breakfast club for FDs/CFOs, CEOs and professional advisers (legal, accounting, banking or finance). It costs nothing...

Business groups join forces to call for ‘clear leadership and action’ after referendum image

Business groups join forces to call for ‘clear leadership and action’ after referendum

6th July 2016

Five of the UK’s largest business groups have joined forces to write an open letter to the Government calling for ‘clear leadership and immediate action’...

Small business confidence ‘reaches four-year low' image

Small business confidence ‘reaches four-year low'

5th July 2016

Confidence has fallen among the UK’s small businesses, a recent survey from the Federation of Small Businesses (FSB) has revealed. The report suggests that...

Osborne suggests further corporation tax cuts ahead image

Osborne suggests further corporation tax cuts ahead

4th July 2016

Corporation tax could be cut to below 15% as part of the Chancellor’s plans to create a ‘super competitive economy’ with low business taxes and...

Possible tax incentives: Could the John Lewis ownership model be for you? image

Possible tax incentives: Could the John Lewis ownership model be for you?

1st July 2016

The number of employee owned businesses in the UK is growing at an annual rate of 10% and interest in employee ownership is thriving. Employee Ownership Trusts...

8% increase in serious UK tax evasion cases image

8% increase in serious UK tax evasion cases

1st July 2016

Serious tax evasion cases rose by 8% in 2015/16 as HM Revenue & Customs (HMRC) referred some 2,972 suspected cases for specialist investigation, according to...

Access to single market will be ‘number one priority’ in Brexit negotiations

30th June 2016

Business Secretary Sajid Javid has insisted that retaining the UK's access to the single market will be the ‘number one priority’ during Brexit negotiations...

State Pension warning to be issued to thousands image

State Pension warning to be issued to thousands

29th June 2016

The Government has stated that it will send letters to more than 100,000 individuals who may potentially miss out on the new State Pension due to their lack of national...

No change to tax rules following EU referendum result, HMRC states image

No change to tax rules following EU referendum result, HMRC states

28th June 2016

HM Revenue & Customs (HMRC) has stressed that tax laws have not changed following the UK’s vote to leave the EU. The result has generated much economic...

Chancellor: no emergency Budget following Brexit vote image

Chancellor: no emergency Budget following Brexit vote

27th June 2016

Chancellor George Osborne has suggested that an immediate emergency Budget will not take place following the UK’s vote to leave the European Union (EU). In...

Business groups react to Brexit decision

24th June 2016

Business groups have responded to the UK’s decision to leave the European Union (EU). The decision will affect many businesses and individuals, as the UK...

EU Referendum: The result is 'out'

24th June 2016

The British Public has voted to 'leave' the European Union. On a day of political shocks that has seen the 'Leave' campaign win with 51.9% of the vote and Prime...

Business world ‘divided’ on EU membership as voters head to the polls

23rd June 2016

As voters head to the polls to decide whether the UK should remain a member of the European Union (EU) today, prominent figures from the world of business have expressed...

Call for banks and charities to do more to protect scam victims

22nd June 2016

Banks and charities should take greater responsibility for those who may be vulnerable to scams, including delaying payments while family members are alerted, according...

Introducing the McBrides Wealth Management Team image

Introducing the McBrides Wealth Management Team

21st June 2016

Richard Vessey, Wealth Planning Director Richard began working in Financial Services in 2001 in a financial planning role with Barclays. After a few years he moved...

Time to take the business owners IHT Wealthcheck? image

Time to take the business owners IHT Wealthcheck?

21st June 2016

There is a lot to lose if you take your eye off the Inheritance Tax (IHT) ball which currently stands at a flat rate of 40% on death.  Many owner managers seem...

Property financing costs and interest relief image

Property financing costs and interest relief

21st June 2016

From April 2017 income tax relief will start to be restricted to the basic rate of tax for interest (and other financial costs) incurred by landlords of residential...

Help to Buy ISA holders may be priced out of Government scheme image

Help to Buy ISA holders may be priced out of Government scheme

21st June 2016

First-time buyers wishing to save for their first home within a Help to Buy ISA may be priced out of the Government scheme, a recent investigation by the BBC has...

Study finds cash in savings accounts ‘has fared better than stock market’

20th June 2016

Those who have saved using best buy cash accounts over the past two decades have received better returns than they would have done had they put money into a FTSE...

MPs warn of consequences of ‘digital skills crisis’

17th June 2016

MPs have warned that the UK may potentially be left behind if the Government fails to take action to combat a ‘digital skills crisis’. A new report...

UK house prices up 8.2% in the last year, according to new official measure

16th June 2016

House prices across the UK rose by 8.2% in the year to April, taking the average property value to £209,054, according to the new official measure, the UK...

Brexit ‘will trigger emergency Budget’ to tackle £30bn black hole, warns Chancellor image

Brexit ‘will trigger emergency Budget’ to tackle £30bn black hole, warns Chancellor

15th June 2016

As the EU referendum draws closer, Chancellor George Osborne has warned that the UK will face an emergency Budget to tackle a £30bn black hole in the public...

MPs issue warning over business rates devolution plans

14th June 2016

The Communities and Local Government Committee has stated that Government plans to permit councils to retain business rates must address issues with the appeals...

Pension freedom users being hit by high exit fees, warns Citizens Advice image

Pension freedom users being hit by high exit fees, warns Citizens Advice

13th June 2016

Individuals withdrawing money from their pension savings may lose up to 10% of their funds, a Citizens Advice survey has suggested. The survey revealed that those...

RTI penalty concession to continue, HMRC reveals image

RTI penalty concession to continue, HMRC reveals

10th June 2016

The recent concession for returns submitted late under the new Real Time Information (RTI) regime is to be extended until April 2017, HM Revenue & Customs (HMRC)...

FSB calls for new investment in rural roads and infrastructure

9th June 2016

Congestion, poorly maintained local roads, and a lack of regional strategic planning are all combining to hinder economic growth in rural areas, according to a study...

Survey finds that middle classes are struggling to save

8th June 2016

A YouGov survey commissioned by The Times has found that almost a third of middle-class families would be unable to pay an unexpected bill of £500 without...

HMRC claws back £540m in unpaid tax image

HMRC claws back £540m in unpaid tax

7th June 2016

HMRC has reportedly recouped more than £540 million through its so-called tax taskforces, new figures have revealed. Launched five years ago, the taskforces...

Annuities prove popular despite pension freedoms image

Annuities prove popular despite pension freedoms

6th June 2016

Annuities are still proving to be a popular choice for retirees despite the introduction of new pension rules over a year ago, according to new research. Financial...

Sugar tax may bring ‘arbitrary burden’, says TPA

3rd June 2016

The Government’s new ‘sugar tax’ could impose an ‘arbitrary burden’ on many families, the Taxpayers’ Alliance (TPA) has warned. The...

TPS launches new service to help minimise nuisance mobile phone calls

2nd June 2016

A new service has been launched that allows users to block nuisance calls to mobile phones by sending a text message to the Telephone Preference Service (TPS). Mobile...

FCA proposes 1% cap on pensions early exit charges image

FCA proposes 1% cap on pensions early exit charges

1st June 2016

Savers withdrawing money from their pension pots could face a maximum early exit charge, under proposals released by the Financial Conduct Authority (FCA). Since...

Payment by cheque still proving popular, new research indicates

31st May 2016

500 million cheques were written during 2015, new data from Payments UK has revealed. However, this number was 13% down compared to the year before. Payments UK...

Number of multi-generational households set to rise as house prices increase

27th May 2016

Up to one million more young people may have to live with their parents instead of renting or purchasing their own home, according to new research by insurance company...

HMRC’s customer service quality ‘collapsed’, says National Audit Office image

HMRC’s customer service quality ‘collapsed’, says National Audit Office

26th May 2016

The quality of service at HM Revenue & Customs (HMRC) ‘collapsed’ over an 18-month period between 2014 and 2015, according to a report by the National...

Property sales plummet after stamp duty changes, says HMRC

25th May 2016

The number of UK properties sold fell by 45% between March and April as stamp duty changes came into effect, according to official figures from HM Revenue &...

Significant rise in number of contactless card payments

24th May 2016

Contactless card payments reached a record high of £1.5 billion during March, according to new data from the UK Cards Association. This high comes a mere four...

Savers to receive additional retirement scheme protection image

Savers to receive additional retirement scheme protection

23rd May 2016

Individuals’ retirement savings are set to be better protected under the new Pensions Bill. Some had expressed concerns that those paying into auto-enrolment...

Competition watchdog sets out proposals to reform the banking industry

20th May 2016

The Competition and Markets Authority (CMA) has issued proposals for a major reform of the retail banking industry and claimed that, if adopted, its package of measures...

Queen’s Speech outlines Government’s legislative plans for the year ahead

19th May 2016

The Queen has delivered her annual speech at the state opening of Parliament, outlining the Government’s legislative agenda for the upcoming year. This year’s...

Inflation falls for first time since September

18th May 2016

The UK's inflation rate fell to 0.3% in April, down from 0.5% in March, according to the Office for National Statistics (ONS). From late 2015, the Consumer Prices...

Government must do more to tackle business growth barriers, says FSB

17th May 2016

More must be done to combat obstacles that are preventing businesses from growing, the Federation of Small Businesses (FSB) has stated. The FSB’s declaration...

Pay growth to remain slow until end of decade, suggests CIPD image

Pay growth to remain slow until end of decade, suggests CIPD

16th May 2016

Wage growth is predicted to remain slow until the end of the decade, a new survey by the Chartered Institute of Personnel and Development (CIPD) has suggested. The...

Women affected by State Pension delays won’t be given concessions, says Minister image

Women affected by State Pension delays won’t be given concessions, says Minister

13th May 2016

Women who will be adversely affected by a hike in the State Pension age may not be offered any relief, the Secretary for Work and Pensions, Stephen Crabb, has suggested. Many...

EU Remain lead narrows amongst businesses, according to BCC poll

12th May 2016

In its final pre-referendum poll, the British Chambers of Commerce (BCC) found that the majority of senior businesspeople surveyed intend to vote to remain in the...

UK trade deficit widens to highest level since 2008, ONS figures reveal

11th May 2016

The gap between imports and exports for the first three months of 2016 was £13.3 billion, up from £12.2 billion in the fourth quarter of 2015, according...

Rate of inflation significantly higher for millennials than for pensioners, analysis suggests

10th May 2016

New research from financial services group Fidelity International has suggested that young adults in the UK face inflation rates that are significantly higher than...

Businesses urged to rethink staff management as job satisfaction falls image

Businesses urged to rethink staff management as job satisfaction falls

9th May 2016

Employers are being advised to re-evaluate their approach to staff management after a new survey found that one in four workers are unhappy in their current role....

UK economic growth experiencing slowdown

6th May 2016

The forthcoming EU referendum may be having an adverse effect on UK economic growth, a new survey suggests. Financial data firm Markit’s Purchasing Managers...

Businesses should do more to prevent online fraud, says consumer group image

Businesses should do more to prevent online fraud, says consumer group

5th May 2016

Consumer group Which? has called for businesses to take more responsibility in protecting customers against online fraud and scams. In a survey of 2,066 UK adults,...

Study suggests that the ‘Bank of Mum and Dad’ is now a £5 billion mortgage lender

4th May 2016

Parents helping their children to buy a first home will lend over £5 billion in 2016, according to a new study by the financial services group Legal &...

House price growth slowed during April, reports building society

3rd May 2016

UK house price growth experienced a slowdown in April, according to the Nationwide Building Society. The pace of growth slowed to 4.9% in April, following growth...

Over 230,000 savers have taken money from their pension pot, reveals HMRC image

Over 230,000 savers have taken money from their pension pot, reveals HMRC

29th April 2016

232,000 individuals have withdrawn an overall total of £4.3 billion from their pension pots since the introduction of new pension rules a year ago, HM Revenue...

Chancellor claims Brexit threat is ‘weighing on the economy’ as UK growth slows

28th April 2016

Britain’s Gross Domestic Product (GDP) grew by 0.4% between January and March, down from 0.6% in the last quarter of 2015, according to figures from the Office...

Significant rise in individuals switching current accounts

27th April 2016

The latest figures from the Current Account Switch Service (CASS) have revealed that a total of 309,678 Britons changed their current account during the first three...

TUC study finds significant wage gap between working fathers and childless men image

TUC study finds significant wage gap between working fathers and childless men

26th April 2016

A new report by the Trades Union Congress (TUC) has found that fathers working full-time get paid a fifth more than childless men with similar jobs. The study revealed...

Government to review rules that ‘stifle’ entrepreneurship image

Government to review rules that ‘stifle’ entrepreneurship

25th April 2016

The Government has announced plans to investigate red tape that it claims may be ‘stifling’ small businesses and entrepreneurship. Business Secretary...

FCA outlines rules for pensions secondary annuity market image

FCA outlines rules for pensions secondary annuity market

22nd April 2016

The Financial Conduct Authority (FCA) has published a consultation paper with proposed rules and guidance for the pensions secondary annuity market, in an attempt...

Chancellor warns businesses not to cut perks to compensate for National Living Wage image

Chancellor warns businesses not to cut perks to compensate for National Living Wage

21st April 2016

Chancellor George Osborne has issued a warning to businesses that choose to cut perks for their employees in order to compensate for the additional costs generated...

Chancellor defends Treasury’s gloomy Brexit forecasts

20th April 2016

Chancellor George Osborne has defended an analysis of how the British economy would fare in the event of a referendum decision to leave the EU, after Leave campaigners...

House price growth to slow over coming months

19th April 2016

UK house price inflation is set to slow within the next few months, a Royal Institution of Chartered Surveyors (RICS) survey has suggested. The survey revealed...

HMRC has made ‘limited progress’ in reducing tax fraud, says Public Accounts Committee image

HMRC has made ‘limited progress’ in reducing tax fraud, says Public Accounts Committee

18th April 2016

HM Revenue & Customs (HMRC) has made ‘limited progress’ in reducing the level of tax fraud in the UK, the Public Accounts Committee (PAC) has stated. Members...

Business group welcomes Bank of England’s unanimous vote to hold interest rates

15th April 2016

The British Chambers of Commerce (BCC) has welcomed the latest decision from the Bank of England’s Monetary Policy Committee (MPC) to keep interest rates at...

Significant rise in buy-to-let lending

14th April 2016

Official data from the Council of Mortgage Lenders (CML) has revealed that landlords borrowed a total of £3.7 billion during February in order to purchase...

CPI inflation rises to highest level since 2014 following hike in air fares

13th April 2016

Inflation as measured by the Consumer Prices Index (CPI) rose to 0.5% in March, according to figures from the Office for National Statistics (ONS), up from a level...

Multinationals to be required to disclose tax affairs image

Multinationals to be required to disclose tax affairs

12th April 2016

The European Union (EU) is set to unveil new proposals that will require large companies to reveal their tax affairs as part of an effort to reduce corporate tax...

UK economic growth ‘softened’ in first quarter of 2016, suggests BCC

11th April 2016

A survey carried out by the British Chambers of Commerce (BCC) has revealed that the UK’s economic growth continued to soften during the first quarter of 2016. The...

Initial rush to cash in pension pots ‘has ended’, says regulator image

Initial rush to cash in pension pots ‘has ended’, says regulator

8th April 2016

There has been a gradual decline in the numbers of people releasing cash from their pension pots early, a year after rule changes allowed them to do so, according...

Low interest rates indirectly putting savers at risk, warns FCA

7th April 2016

The Financial Conduct Authority (FCA) has warned that continuing record low interest rates are leading many people to take risks and to potentially make bad investment...

New tax measures come into effect image

New tax measures come into effect

6th April 2016

A number of key changes to tax legislation have now come into effect, following the start of the new 2016/17 tax year. The changes include reforms to the rules...

Lower petrol prices ‘at an end’, warns RAC

5th April 2016

The price of petrol has risen for the first time since July 2015, following an increase in the cost of oil, the RAC has warned. Following months of lower prices...

Pension scam signs being missed by consumers, report reveals image

Pension scam signs being missed by consumers, report reveals

4th April 2016

Many consumers are missing common pension scam warning signs, a new report by Citizens Advice has revealed. The study found that 88% of individuals are unable to...

Are you ready for the register of People with Significant Control? image

Are you ready for the register of People with Significant Control?

1st April 2016

On 6 April 2016 regulation will come into force whereby all UK companies (other than publicly traded companies) and limited liability partnerships (LLPs) will be...

Record current account deficit figures described as ‘truly horrible’ for UK economy

1st April 2016

The UK's current account deficit in the three months to December 2015 was a record high of £32.7 billion – a figure that was described as ‘truly...

MPs warn ‘too few’ understand new State Pension

31st March 2016

The Government has failed to make it clear that many individuals retiring on the new State Pension will not receive the maximum rate, MPs have suggested. Data contained...

Buy-to-let landlords could face tougher borrowing tests under new proposals

30th March 2016

The Prudential Regulation Authority (PRA) has recommended that new limits should be placed on lending to buy-to-let landlords, to help safeguard the UK economy against...

Rate of inflation remains unchanged

29th March 2016

The UK’s inflation rate as measured by the Consumer Price Index (CPI) remained unchanged at a level of 0.3% during February, the Office for National Statistics...

MPs call for action to be taken on ‘motherhood penalty' image

MPs call for action to be taken on ‘motherhood penalty'

24th March 2016

MPs have called on the Government to combat a ‘motherhood penalty’ that has left women being paid less than men. A new report by the Women and Equalities...

SNP says that Scotland would not adopt new 40p threshold rate image

SNP says that Scotland would not adopt new 40p threshold rate

23rd March 2016

Scottish First Minister and Scottish National Party (SNP) leader Nicola Sturgeon has said that Scotland will not adopt the UK Government’s plans to increase...

Small businesses’ confidence levels ‘at three-year low’, says FSB image

Small businesses’ confidence levels ‘at three-year low’, says FSB

22nd March 2016

Business confidence amongst small and medium-sized firms has fallen to its lowest level since 2013, according to a Federation of Small Businesses (FSB) survey. Businesses’...

1.7 million self-employed workers to ‘miss out’ on new National Living Wage image

1.7 million self-employed workers to ‘miss out’ on new National Living Wage

21st March 2016

Over 1.7 million self-employed workers may potentially earn less than the Government’s new National Living Wage (NLW) figure of £7.20 an hour, the Social...

Early vote on EU  image

Early vote on EU

18th March 2016

At McBrides' Budget Briefing on Thursday 17th March Kent businesses were invited to vote IN or OUT of the EU. Was guest speaker the Rt Honorable James Brokenshire...

Interest rates set to remain at 0.5% after OBR downgrades growth forecast

18th March 2016

The Bank of England’s Monetary Policy Committee (MPC) voted unanimously to keep interest rates at 0.5% - the record low figure at which rates have now remained...

2016 Budget: Chancellor’s deficit target to be examined by IFS image

2016 Budget: Chancellor’s deficit target to be examined by IFS

18th March 2016

Chancellor George Osborne’s plan to clear the UK’s deficit by 2019/20 is to be examined by the Institute for Fiscal Studies (IFS). Mr Osborne has stated...

MP James Brokenshire swings EU In/Out vote at Kent breakfast meeting image

MP James Brokenshire swings EU In/Out vote at Kent breakfast meeting

17th March 2016

McBrides Budget Presentation put the EU referendum on the menu at its popular annual post Budget breakfast today.   Over one hundred members of the Kent business...

Budget 2016: Chancellor to announce key proposals and potential spending cuts image

Budget 2016: Chancellor to announce key proposals and potential spending cuts

16th March 2016

Chancellor George Osborne is expected to announce major reforms to the education system, along with an additional £4 billion in spending cuts in his Budget...

McBrides Accountants - 2016 Budget Commentary image

McBrides Accountants - 2016 Budget Commentary

16th March 2016

Initial Reaction Following the Chancellor's Budget Speech today, Wednesday, 16 March, Nick Paterno, managing partner at McBrides Chartered Accountants said:  “While...

Women should be given ‘early access’ to State Pension, MPs suggest image

Women should be given ‘early access’ to State Pension, MPs suggest

15th March 2016

Women aged 50 and above who were provided with little notice that they would have to work for longer before retiring should be given early access to their State...

McBrides Senior Corporate Tax Adviser wins 'Women in Finance' Award 2016 image

McBrides Senior Corporate Tax Adviser wins 'Women in Finance' Award 2016

14th March 2016

Emma Haggarty, senior corporate tax adviser at McBrides Chartered Accountants was named as the overall winner for 'Women in Finance' at the Kent Women In Business...

Prime Minister announces National Minimum Wage increases image

Prime Minister announces National Minimum Wage increases

14th March 2016

Prime Minister David Cameron has announced increases in the National Minimum Wage (NMW) rates. The rate for 21 to 24-year-olds will increase to £6.95 an hour,...

Watchdog proposes major reforms to UK energy market

11th March 2016

Following an 18-month investigation into the UK energy market, the Competition and Markets Authority (CMA) has proposed a raft of reforms to increase competition...

MPs reject proposed changes to Sunday trading laws image

MPs reject proposed changes to Sunday trading laws

10th March 2016

Government plans to radically overhaul Sunday trading laws have been abandoned after they were rejected by MPs during a House of Commons vote on the matter. MPs...

Low returns have contributed to ‘the worst ISA season on record' image

Low returns have contributed to ‘the worst ISA season on record'

9th March 2016

The financial analyst group Moneyfacts has described the current Individual Savings Account (ISA) savings market as possibly the ‘worst’ ever seen in...

Chancellor drops pension tax relief reform from Budget plans image

Chancellor drops pension tax relief reform from Budget plans

8th March 2016

Chancellor George Osborne has abandoned Budget plans to implement a radical reform of the tax relief system for pension contributions. One of Mr Osborne’s...

McBrides celebrating shortlisting as finalists in two separate business awards image

McBrides celebrating shortlisting as finalists in two separate business awards

7th March 2016

A Kent accountancy firm is celebrating success after being shortlisted as finalists for two separate business awards this month. McBrides Chartered Accountants...

Taxpayers ‘unaware’ of key tax changes, House of Lords committee reveals image

Taxpayers ‘unaware’ of key tax changes, House of Lords committee reveals

7th March 2016

Many taxpayers are oblivious to the ‘important’ and ‘complex’ changes to the taxation of savings and dividends, a House of Lords report has...

EU referendum is a choice ‘between the devil and the deep blue sea’, says head of BCC

4th March 2016

The Director General of the British Chambers of Commerce (BCC) has described the forthcoming EU referendum as a choice ‘between the devil and the deep blue...

Chancellor urged to cut income tax in 2016 Budget image

Chancellor urged to cut income tax in 2016 Budget

3rd March 2016

Chancellor George Osborne has been urged to cut income tax rates in the forthcoming 2016 Budget. Contrary to some official predictions, an additional £8 billion...

National Living Wage - Employers advised to get ready image

National Living Wage - Employers advised to get ready

2nd March 2016

The Department for Business, Innovation and Skills (BIS) is advising employers to begin preparing for the introduction of the National Living Wage (NLW) which comes...

Women have ‘half’ the occupational pension savings of men, reports TUC image

Women have ‘half’ the occupational pension savings of men, reports TUC

2nd March 2016

A report commissioned by the Trades Union Congress (TUC) has found that women have barely half the occupational pension savings of men. The study, which was carried...

FSB reveals its 2016 Budget wish list image

FSB reveals its 2016 Budget wish list

1st March 2016

Ahead of the 2016 Budget on 16 March, the Federation of Small Businesses (FSB) has called on the Government to implement far-reaching business rates reform, simplify...

Tax deadline dates - March to July 2016 image

Tax deadline dates - March to July 2016

29th February 2016

Here is a reminder of the tax deadline dates for March to July 2016: March 2016 5 Last day of 2015/16 tax year Deadline for 2015/16 ISA investments Last...

“Dutch Sandwiches”– not on our menu! image

“Dutch Sandwiches”– not on our menu!

29th February 2016

BBC2 broadcast a programme about tax avoidance in January “The Town that Took on the Taxman.” The programme focussed on local traders in the town of...

A very enjoyable 57% - John Eldridge's 8.700 working days at McBrides

29th February 2016

With my retirement as a partner approaching at the end of March, I have been asked to write a short piece to illustrate my time at McBrides, but it has to be said...

Your unique differentiator as a business asset image

Your unique differentiator as a business asset

29th February 2016

If there is just one question you should ask of your business today it’s: what is it that differentiates our business from our competitors? This differentiator...

Selling your business to the management team - filling the funding gap image

Selling your business to the management team - filling the funding gap

29th February 2016

For some time now we have been running a morning workshop for business owners thinking about stepping off the treadmill. Attendees vary widely but many are unsure...

Significant rise in contactless card payments during 2015

29th February 2016

Over one billion contactless card payments were made during 2015, according to new data from the UK Cards Association. Last year, one in 13 purchases were made...

Big banks have too much control over payments, warns regulator

26th February 2016

The Payment Systems Regulator has warned that the UK’s largest banks have too much control over the way payments are made, and says that the market should...

New rules will require UK businesses to reveal gender pay gap image

New rules will require UK businesses to reveal gender pay gap

25th February 2016

Large businesses and banks will be required to disclose the differences in male and female employees’ pay, under new rules set to come into force in 2018. The...

Open letter from business leaders warns that Brexit would ‘put economy at risk’ – but big names are missing

24th February 2016

A letter in support of remaining in the European Union (EU) has been signed by 198 business leaders representing 1.2 million employees, including 36 chairmen or...

New requirements for Accountant’s Reports image

New requirements for Accountant’s Reports

23rd February 2016

On 1 November 2015 the SRA introduced the next stage in client money regulation changes.  As the new requirements start to have an impact on practices, we answer...

Bereaved families ‘could face fees of up to £20,000’ under new probate plans image

Bereaved families ‘could face fees of up to £20,000’ under new probate plans

23rd February 2016

Millions of families potentially face a large rise in probate fees payable after death, under proposed changes. These new fees will raise an estimated £250...

Personal tax planning - five tips to minimise your 2015/16 tax liabilities image

Personal tax planning - five tips to minimise your 2015/16 tax liabilities

23rd February 2016

There are fewer reliefs available these days to mitigate your personal tax liabilities, but you can still take action by 5 April to reduce or limit your 2015/16...

Time for some spring cleaning! image

Time for some spring cleaning!

23rd February 2016

With  the changes to the SRA Accounts Reporting requirements,  many solicitors have been left wondering exactly how they are likely to be affected, and...

Taxes and charges make savings decisions difficult, suggests IFS image

Taxes and charges make savings decisions difficult, suggests IFS

22nd February 2016

The Institute for Fiscal Studies (IFS) has suggested that individuals face a complex and ever-changing range of tax treatments, which can make it difficult to select...

Record borrowing figures as buy-to-let landlords rush to beat tax changes  image

Record borrowing figures as buy-to-let landlords rush to beat tax changes

19th February 2016

Gross mortgage lending reached £17.9 billion in January this year, the highest lending total for a January since 2008, according to the Council of Mortgage...

New report suggests the self-employed require ‘more support’ image

New report suggests the self-employed require ‘more support’

18th February 2016

Self-employed individuals should receive more help and support in the running of their business, a new Government-commissioned report has suggested. The review,...

HMRC defends its record on taxing multinational corporations image

HMRC defends its record on taxing multinational corporations

17th February 2016

Following widespread media scrutiny of the rate of tax paid by Google, HMRC has taken the unusual step of issuing a press release defending its record of dealing...

Chancellor’s policy changes ‘will generate £9 billion burden’ for firms, suggests CBI image

Chancellor’s policy changes ‘will generate £9 billion burden’ for firms, suggests CBI

16th February 2016

The Confederation of British Industry (CBI) has warned that the Chancellor’s upcoming policy changes could potentially create a £9 billion-a-year ‘burden’...

New fraud taskforce launched by Home Secretary image

New fraud taskforce launched by Home Secretary

15th February 2016

Home Secretary Theresa May has announced a new joint taskforce designed to combat fraud in the UK. The force will be made up of the City of London police, Financial...

Unions oppose Sunday trading hours changes, but Government to press ahead

12th February 2016

The Government is to proceed with its plans announced last week to allow local councils to have control over Sunday trading hours, despite opposition from unions...

Newly launched website: the beating heart of McBrides

12th February 2016

McBrides Chartered Accountants have chosen the run up to St Valentine's day to launch their new branding and website. The firm, with a 40 year track record...

UK could face tax rises as a result of Chancellor’s ‘inflexible’ budget target, warns IFS image

UK could face tax rises as a result of Chancellor’s ‘inflexible’ budget target, warns IFS

11th February 2016

Chancellor George Osborne’s budget targets could require him to raise taxes or make additional spending cuts, according to data contained within the Institute...

Ten tips for minimising inheritance tax

11th February 2016

Inheritance Tax (IHT) is providing increasing revenues for HMRC, perhaps more so in the South East, where property prices have seen the highest rises.  In the...

Chancellor’s stamp duty changes create major tax revenue deficit, report claims image

Chancellor’s stamp duty changes create major tax revenue deficit, report claims

10th February 2016

The changes to Stamp Duty Land Tax (SDLT) made by Chancellor George Osborne in December 2014 led to a 12.1% decline in revenue for the Government in the first ten...

Help to Buy ISAs taken out ‘every 30 seconds’ in UK image

Help to Buy ISAs taken out ‘every 30 seconds’ in UK

9th February 2016

A quarter of a million homebuyers have opened a Help to Buy ISA since their introduction in December of last year, Chancellor George Osborne has revealed.  ...

HMRC reveals worst late tax return excuses  image

HMRC reveals worst late tax return excuses

8th February 2016

HMRC has published its list of the ten worst excuses for missing the self assessment filing deadline. The excuses were all used in unsuccessful appeals against...

Sunday trading powers to be granted to local councils image

Sunday trading powers to be granted to local councils

5th February 2016

The Government is set to devolve Sunday trading laws to local councils in England and Wales, it has emerged. The move, announced by Business Secretary Sajid Javid,...

Information regarding women’s pension changes was ‘clear’, minister claims image

Information regarding women’s pension changes was ‘clear’, minister claims

4th February 2016

Information regarding women’s pension changes was ‘clear’, minister claims Pensions Minister Baroness Altmann has stated that letters containing...

Record number of taxpayers file returns online image

Record number of taxpayers file returns online

3rd February 2016

HMRC statistics show that some 89% of self assessment taxpayers who filed their 2015 tax return by the 31 January deadline did so online, a new record number, as...

Personal insolvency figures fall to new low

2nd February 2016

The number of individuals being declared insolvent has fallen to a ten-year low, figures from the Insolvency Service have revealed. Some 79,965 people were recorded...

FaB - How to maximise the value of your IP - 28 Jan 16 image

FaB - How to maximise the value of your IP - 28 Jan 16

1st February 2016

If there is just one question you should ask your business today you should make it: what is it that differentiates our business from our competitors? This differential...

‘Leftovers’ from apprenticeship levy to be given to small firms image

‘Leftovers’ from apprenticeship levy to be given to small firms

1st February 2016

Small businesses will receive remnants left over from the apprenticeship levy once larger firms have made use of the funds, Skills Minister Nick Boles has confirmed. The...

Law firms - update on motor expense claims image

Law firms - update on motor expense claims

1st February 2016

Many practices have historically adopted an informal basis for claims for business use of partners’ cars when completing their tax returns. These may have...

Community Amateur Sports Clubs – new benefits, but new conditions since 2015

1st February 2016

The CASC Scheme was originally introduced in 2002 and enables amateur sports clubs to register with HMRC and benefit from a preferential tax status. The 2015...

Tax implications for partnership mergers image

Tax implications for partnership mergers

1st February 2016

It is not uncommon in the legal world to see firms coming together into mergers, and we have certainly seen an increase in this over the past few years. There is...

UK is top destination for Foreign Direct Investment (FDI) in Europe

1st February 2016

According to the UK Trade and Industry Inward Investment report, the UK remains the top destination for Foreign Direct Investment (FDI) in Europe. In 2014 the UK...