Aga Khan Economic Planning Board
The Economic Planning Board (EPB) is a volunteer organisation under the Ismaili Council for the United Kingdom (UK). It was established to keep the economic status of the Jamat under review. It aims to improve the economic well-being of the Jamat via case management and support in the areas of employment and personal finance. The EPB has also launched a number of business alliances in industries from hospitality to pharmaceuticals.
Tax advisers wonder whether tax motivated incorporation still has a place in light of tax changes coming in 2023 and look at tax efficient profit extraction for existing companies.
Nearly 40% of respondents to the latest HMRC IPSOS research on Making Tax Digital said that it would be difficult to start reporting income tax on a quarterly basis when rules come into force in 2024.
A fifth of UK workers expect to leave their current job in the next 12 months reveals PwC’s Global Workforce Hopes and Fears survey.
The number of company insolvencies in April has doubled compared with the same period last year.
The number of families claiming tax free childcare has gone up by a third to 512,000 in the last year as families look for additional support, but thousands are not claiming.
Lending to SMEs in the UK is the lowest it has ever been with fewer than one in ten small businesses applying for finance in the first quarter.
Most non-domestic property will be liable for business rates, which essentially serve as an occupier’s tax.
In a speech to the Confederation of British Industry (CBI) the Chancellor promised tax cuts for businesses in the Autumn Budget.
A fish seller, buy-to-let landlords and a crypto investor, not to mention an accountant and bookkeeper, all failed to pay their taxes and face millions of pounds in penalties.
The UK has dropped to 21st place from its previous position at sixth due to the increase in corporation tax to 25% in April 2023.
HMRC is targeting self-employed workers who overclaimed coronavirus grants during the pandemic, warns RSM.
With the cost of living crisis, businesses need to focus on retaining staff and factoring pay increases into overall profitability, explains Stuart Clark, managing director of accountancy firm Russell & Russell.