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Interactive online tool for tax compliance check

Interactive online tool for tax compliance check

HMRC’s new Q&A tool guides you through each step of a compliance check. The free interactive online tool is designed to help individuals and businesses better understand what happens during a tax compliance check. Available on GOV.UK, the Interactive...
Bank Rate trimmed to 4%

Bank Rate trimmed to 4%

The Bank of England has knocked the main interest rate down to 4% today, cutting it by a quarter‑point from 4.25%. It’s the fifth cut in a year and brings the rate to its lowest since March 2023. The decision was a close call: the nine‑member Monetary Policy...
Reclaiming duty moving goods to Northern Ireland

Reclaiming duty moving goods to Northern Ireland

Businesses can reclaim duties on qualifying goods moved to or through Northern Ireland since 2021 The Northern Ireland Duty Reimbursement Scheme allows businesses to reclaim import duties paid on goods moved into Northern Ireland, provided specific conditions are met....
Employing family members in your business

Employing family members in your business

Many small business owners turn to family members when looking to fill roles in their team. It can seem like a natural choice, offering trust, loyalty, and a shared sense of purpose. However, employing family in your business is not without its challenges, and it is...
The value of retaining profits to support cash flow and growth

The value of retaining profits to support cash flow and growth

For small businesses and growing companies alike, one of the most reliable sources of funding is often the profits they generate. While it can be tempting to extract earnings in the form of dividends, bonuses, or reinvestment elsewhere, there is a strong case for...