09 Jul 2019 | Small businesses
The government has announced a package of measures to ensure small businesses get paid on time. Under the proposals, large businesses could be fined for failing to pay smaller suppliers on time as part of a robust package of measures. The measures include: Proposed...01 May 2019 | Small businesses, Tax Planning
The start of the new tax year means that shareholders and directors may want to review the salary and dividend mix for 2019/20. The £3,000 employment allowance continues to be available to set against the employers’ National Insurance Contribution (NIC) liability...15 Apr 2019 | Small businesses
Nearly a quarter of UK businesses report that late payments threaten their survival. The Federation of Small Businesses reports that the problem goes beyond just paying late. It encompasses practices like retrospective discounting and ‘paying-to-stay’,...29 Mar 2019 | Accounting, Small businesses
How long do sole traders have to keep records for?If you are self-employed and obliged to submit a Self Assessment tax return, you must keep your tax records for at least five years after the 31 January submission deadline of the relevant tax year. For example, if you...