There are five main types of tax that are relevant to businesses: income tax, corporation tax, National Insurance, VAT (value added tax) and capital gains tax. Certain forms must be submitted to HM Revenue & Customs (HMRC) and payments must be made by certain dates to avoid incurring penalties for late submissions and interest on […]
If your business is VAT registered with a turnover above the VAT threshold then you will be required to use the new guidelines of Making Tax Digital (MTD) for VAT by law from the 1st April 2019. The primary aim of Making Tax Digital is to make the administration of tax effective and easier for taxpayers […]
There is no loss of continuity of service if an employee resigns or is dismissed during one week but is re-engaged by the same employer before the end of the following week. This applies even if the employee worked for another employer during the break period. Other instances where continuity of service is not broken […]
Crowdfunding is a time-consuming endeavour. And there’s nothing worse than spending your precious time on activities that are at best ineffective, at worst actively putting investors off the idea of funding your business. So what common mistakes do entrepreneurs often make when looking to raise money for their business? Not knowing your numbers How did […]
How to stay on top of your retail’s ever-changing environment Consumers shopping habits have dramatically changed in recent years, and for retailers, the competition is getting tighter. Businesses need to raise their game to drive growth. Below the Forum has created seven top hits for retailers to follow to ensure growth with their business. […]
A letter before action (LBA) is a letter warning your customer that court proceedings will be started if the debt is not paid. As “going legal” is the last resort, the court will expect you to find another way of reaching an agreement before issuing a legal claim. Therefore, you must send your customer a […]
The Driver and Vehicle Standards Agency (DVSA) has confirmed to Freight Transport Association that from 14 July 2018 it is introducing printed test certificates (MOT) for HGVs and trailers. The printed certificates will replace current handwritten test certificates and will look similar to car MOT certificates. If an HGV fails its MOT, a printed refusal […]
Automatic enrolment (AE) is critical for all types of business, from start-ups and new employers to established businesses who are enrolling new staff. Here we focus on communicating the important messages to support businesses through the AE process. For new employers and start-up businesses If you’ve recently become an employer, it’s important you don’t forget […]
