A new law that stops employers from withholding tips from people working in the hospitality, leisure and services sectors has come into force. The Employment (Allocation of Tips) Act 2023 received Royal Assent on 2 May 2023. The Bill makes it unlawful for businesses to hold back service charges from their employees, ensuring staff receive […]
The government has announced a number of new measures to help millions of people boost their future savings. One of these measures is a simplification of the Help to Save scheme. The Help to Save scheme was launched by the government in September 2018 to help those on low incomes to boost their savings. Under […]
Homeowners who make their properties more energy efficient could see their mortgage rate cut under a new government-backed pilot. More than £4m has been awarded to green finance projects to support those who want to make environmentally friendly changes to their property. Perenna Bank will receive more than £193,000 in government funding to help develop […]
Taxpayers are missing the chance to claim for work-related expenses – and many of those who do, fail to receive a full refund by using agents. Now HMRC has stepped in to remind workers that they can make their own claims directly through GOV.UK. More than 800,000 taxpayers claimed tax refunds for work expenses during […]
For small and medium-sized enterprises (SMEs), effective financial management is vital for success in a competitive business landscape. Harnessing the power of management accounting, coupled with cloud accounting software, can provide SMEs with powerful tools to enhance decision-making, streamline processes and fuel growth. Enhanced decision-making Management accounting provides SMEs with real-time, accurate financial information and […]
Families looking for support during the cost-of-living crisis will be reassured by action being taken to help control the price of road fuel and groceries. While many of the factors driving price increases are not competition related, the Competition and Markets Authority (CMA) has a vital role to play in giving consumers assurance that competition […]
Factories producing some of the country’s best-known beers, cereals, soft drinks and cars will receive government support to reduce their energy costs and cut carbon emissions. Heineken, Kellogg’s, Toyota and Britvic are among businesses across the UK to be awarded a share of £24.3 million government funding to help clean up their manufacturing processes and […]
Millions of pounds of taxpayers’ money have been saved as the Government clamps down further on benefit fraud. With a fresh determination to drive down fraud and errors in the benefit system, the overpayment rate has decreased by £400 million over the past 12 months. The latest national statistics confirm that in the past year […]
The Chancellor, Jeremy Hunt, recently hosted a meeting at 11 Downing Street to discuss what help may be available to support homeowners who encounter problems paying their mortgage. The meeting was attended by leaders of the UK’s major mortgage lenders, the Chair of the Financial Conduct Authority (FCA), and Martin Lewis of Money Saving Expert. […]
Last year over 12.5 million taxpayers were required to complete a Self-Assessment tax return but over 2.3 million taxpayers missed the 31 January deadline. The deadline for submitting your 2021-22 Self-Assessment tax returns online is 31 January 2023. You should also be aware that payment of any tax due should also be made by this […]