Monthly Archives: August 2023

Harnessing the benefits and potential of AI in business

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 […]

Insolvencies slow down but businesses are not out of the woods

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, […]

Do you need to complete a self-assessment tax return this year?

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 […]

Shop opens its doors to help businesses go green and cut energy bills

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 […]

Plugging the accountancy skills gap

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 […]

Working overseas? Be aware of the tax implications

The pandemic triggered a seismic shift in working practices with remote and hybrid working become the norm at many UK businesses. Even when a return to the traditional workplace became possible, it was evident many workers preferred a more flexible arrangement. Well-reported difficulties in recruitment and talent acquisition led many employers to accept flexible working […]