Further Implications on Jobs and Economy post Brexit

Although jobs in the financial sector may be taking a hit, a very specific type of accountant is claimed to be very sought after. According to Morgan McKinley's UK 2019 Accounting and Finance salary guide, banks and investment firms are seeking to hire technical...

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Businesses Told to Prepare for post-Brexit Customs Declarations

VAT-registered UK businesses that trade exclusively with the EU are being urged by HMRC to prepare for a no deal Brexit. 145,000 affected businesses received a letter from HMRC, detailing the changes to Customs, Excise and VAT procedures in the 'unlikely event' that...

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This Change to Accounting Standards Could be Taxing

Making Tax Digital (MTD) - Is a key part to HMRC's plan to make it easier for sole traders and business alike to get their tax right. HMRC aim to become one of the most digitally advanced tax administrations in the world. If you are VAT registered and have a taxable...

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Small Retailers See Reduction in Business Rates

As announced in the Budget 2018, small retail businesses in England are set to benefit from a reduction to business rates. Business rates are to be reduced by a third for many retail properties with a rateable value below £51,000 for two years from April 2019, subject...

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Buy-To-Let Remortgaging Rises to Record High

As many landlords seek to mitigate higher tax costs, the number of landlords looking to remortgage has reached and all-time high. Paragon surveyed around 200 mortgage intermediaries and found that as a proportion of the buy-to-let market, remortgaging had an 8%...

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Pension income not being a requirement of the divorce agreement

A report made by Age Uk has claimed that a number of women in retirement who are divorced are losing out on a vast amount of money and assets. Unless a divorce is taken to court, it is not a requirement to know a spouses pension value, and therefore married couples do...

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A lack of SME leaders have succession plans in place

According to research, a succession plan has not been put into place by 64% of small businesses within the UK. 1,002 responses were polled by small business lender Aldermore. The majority of these responses shown that decision-makers had not put a plan in place that...

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Reducing stress by regular saving

A study made by Lloyds Bank shows that 46% of people suffering with stress and anxiety is triggered by issues related to personal finances. Comparatively, prior to being asked, 74% of regular savers said they were happy over the month. More than half of those who come...

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Over 50’s feel a lack of support from employers

According to research, 2/5 workers over 50 are feeling a lack of support from their employers in terms of their career aspirations. 2,497 adults were surveyed and 44% of the over 50’s explained that when it comes to their future objectives and ambitions, they feel...

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Rules on resolution of business disputes to be changed

The Financial Ombudsman Service (FOS) is an independent service that works to enable certain businesses and individuals resolve disputes between financial service businesses. Following a recent report, the FOS have been challenged by MPs as to whether or not disputes...

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