Corporate News
Our take on the latest news and events within the corporate world.
2020 Corporate Updates
Should Over 40s be Taxed Higher to Solve the Social Care Crisis?
The question of who should pay for social care is a pressing one; successive governments have grappled with the issue and none have found a concrete solution. At the moment, some people who don’t qualify for local council funded care have to sell their homes to cover the costs, which can exceed £1,500 a week….
3 Tax Considerations For a Post-Brexit UK
With the time to prepare for Brexit rapidly reducing, businesses are up against the clock to get themselves ready for the changes taking place at the end of the transition period. When the UK left the EU on 31st January 2020, the transition period began and it continues until the end of the year. The…
£495,000 Violation of the Furlough Scheme Leads to HMRC Arrest
A 57 year-old man from the West Midlands town of Solihull has become the first person to be arrested for fraudulent use of the government’s furlough scheme. The fraud is thought to account for £495,000. The man was arrested by officers from HMRC – the department responsible for overseeing the furlough scheme – and his…
Why Bookkeeping is so Important For Your Business
Keeping on top of financial records is integral to the success of any business, and each business will have a unique ideal outcome in terms of perfect bookkeeping. Larger organisations may have their own finance departments to handle these concerns, but many businesses and sole traders simply aren’t equipped to deal with bookkeeping internally. While…