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October 2018

New UK Budget: investment, tax cuts and uncertainty over Brexit

Announcing the last pre-Brexit UK Budget, Philip Hammond said “austerity is coming to an end”. He revealed, as expected, more help for small businesses, social care, roads and motorways. Criticised for his “end of austerity” declaration, which many consider unrealistic, Hammond held a 71 minutes budget speech yesterday. Among the financial decisions mentioned, one will […]

Record number of employers fined for not paying minimum wage

HMRC recently announced a record in penalties against companies who failed to pay minimum wage over the last year. With £15.6 million of underpayments, the Government fined employers £14 million in total.  The numbers recently presented by HMRC might look shocking. When we compare them, we notice employers who underpaid their staff members did not […]

How can SMEs prepare for a difficult Brexit?

With Brexit high in the news again, concerns rise for small and medium enterprises (SMEs). Predictions vary from possible positive outcomes to complete doom. And the current uncertainty, with waves of declarations from politicians, doesn’t clarify economy matters. But what do we know at the moment? And what are the major, imminent risks for UK […]

Have you declared your abroad property or business?

By September 30th 2018, landlords needed to declare any income earned from properties abroad. Mid-summer this year HMRC warned any such earnings from abroad, be it from renting or business, should be declared by the named date. Will you or your business be affected? And what else changed recently? Under the Common Reporting Standard (CRS), […]