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There are a number of online tools available to help find information about a property in England or Wales, even if you do not own it. The service is available on GOV.UK and allows users to search for property by postcode, map, title number or INSPIRE ID. Once a property has been located, users can…

A Corporation Tax Group Payment Arrangement (GPA) is a special arrangement that allows groups of companies to make joint payments of Corporation Tax. This type of arrangement can reduce the administration and costs associated with making a large number of individual payments. A GPA can also let members of the group mitigate any potential differential…

If you have a September deadline for filing your accounts, leaving it until the last minute risks being hit with a fine. All limited companies, whether they trade or not, must deliver annual accounts to Companies House each year. Directors are advised to file early, rather than leaving it until the 11th hour, when unforeseen…

The steady march of Artificial Intelligence (AI) has reshaped the way we work, penetrating almost every aspect of modern business. This seismic shift to AI has offered a plethora of benefits across industries ranging from retail and healthcare to banking and financial services. On the flipside, drawbacks and potential dangers of using this new technology…

Company insolvencies across England and Wales fell in July and are six per cent lower than the same month last year, official figures show. The headline reduction in insolvencies to 1,727 is down 20 per cent compared to June’s registered total of 2,163. The level of Creditors’ Voluntary Liquidations (CVLs), mainly seen among smaller companies,…

A change in a taxpayer’s circumstances could mean they need to complete their first ever self-assessment tax return. Tax is usually deducted automatically from wages and pensions; however, people and businesses with other income must report it in a tax return. HMRC must be informed by October 5 by those who need to complete a…

Small and medium-sized businesses can now access support to reduce energy bills and carbon emissions through a new advice site. The UK Business Climate Hub offers help for Britain’s 5.5 million SMEs, providing advice on everything from paying less for electric vehicles to generating green energy and selling it back to the grid to make…

Accountancy, like many other industries, has long struggled with a dire skills vacuum within the sector. The pool of qualified accountants continues to shrink, with the over-50s and those aged 18 to 24 leaving the workforce in the greatest numbers. Figures suggest many older accountants chose to retire early during the pandemic, while younger individuals…

HMRC interest rates for late payments will increase again this month to their highest level since 2001. Late payment interest is payable on tax bills covering income tax, National Insurance contributions, capital gains tax, corporation tax pay and file, stamp duty land tax, stamp duty and stamp duty reserve tax. The latest rise was triggered…

The UK’s financial watchdog has warned it will crack down on lenders that fail to justify low savings rates. The Financial Conduct Authority (FCA) said providers who fail to show how their rates represent fair value to customers could face “robust action by the end of 2023”. This could include fines. It is part of…