by premieraccounts | Jun 8, 2022 | Uncategorized
Small and medium-sized businesses are underprepared for Making Tax Digital (MTD), according to new research by the Association of Chartered Certified Accountants (ACCA). Working with the Corporate Finance Network (CFN), the ACCA’s SME tracker showed that 14% of...
by premieraccounts | Jun 8, 2022 | Uncategorized
The Bank of England (BoE) has raised its base interest rate to 1%, marking the fourth rise in a row and the highest base rate in 13 years. The Bank’s monetary policy committee (MPC) voted 6-3 to increase the base rate of interest by 0.25% percentage points from 0.75%...
by premieraccounts | Jun 8, 2022 | Uncategorized
Employees who claimed tax relief for working from home during the pandemic may no longer qualify in the 2022/23 tax year as HMRC changes its guidance for the scheme. During the COVID-19 pandemic, people who could do their normal job at home were required to do so at...
by premieraccounts | Jun 7, 2022 | Uncategorized
HMRC has confirmed it will raise interest rates on late tax bills by 0.25 percentage points after the Bank of England increased the base rate of interest to 1%. The announcement means the late payment interest rate and corporation tax pay and file rate will increase...
by premieraccounts | Jun 7, 2022 | Uncategorized
The lowdown on this relief for innovation. Research and development (R&D) tax credits were once a little-known tax incentive for companies which invested in innovation. But after rule changes in recent years, and a push by many tax advisers, they are now much more...
by premieraccounts | Jun 7, 2022 | Uncategorized
Exploring your options as interest rises. Most businesses rely on funding in one form or another to keep their operations running, invest in new equipment or projects, and grow. The past few years in particular have made it necessary for many businesses to source...
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