Income Tax – Self Assessment
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 […]
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Brexit: driving abroad is changing
Commercial drivers operating in the EU need to prepare for Brexit by making sure they have the right documents. To prepare for a deal and no deal scenarios, you need to: register trailers for international commercial use weighing over 750kg check if you need International Driving Permits and how many you may need contact your vehicle […]
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Existing trade agreements if the UK leaves the EU without a deal/Switzerland-UK Mutual Recognition Agreement
We are writing to inform you the Secretary of State for International Trade, Liam Fox MP, has issued a Written Ministerial Statement (WMS) setting out the current position of negotiations for Trade Continuity Agreements if the UK leaves the European Union without a Withdrawal Agreement. I would also like to inform you that the Government […]
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Quality Franchise Association partners with The Forum of Private Business
The Quality Franchise Association (QFA) are delighted to announce a partnership with The Forum of Private Business. The QFA is a not for profit franchise association run on a voluntary basis by a team of experienced franchising experts. The QFA is led by CEO Joel Bissitt who has over 20 years of franchising experience. The […]
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Manage Your Vehicles
As an Employer, you will often require your survey staff to drive as part of their job requirements for you. As a result, you will responsible for the “provision and use” of these vehicles whether they are: Provided by you directed (company owned); Provided by you (hired, leased); or Provided by Employees (the “grey fleet”) […]
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Two thirds of SMEs are more concerned about cyber-attacks now than they were 12 months ago
67% of SMEs have become more worried about cyber-attacks in the last year 62% of businesses are spending more on cybersecurity than they were 12 months ago Businesses in London, Yorkshire and the North West were most likely to be more concerned Businesses in the UK are more concerned about cyber-attacks now than they were […]
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Are you ready for Making Tax Digital on the 1st April 2019?
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 […]
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How can we understand how the stock of regulation impacts business?
BEIS GovTech Challenge: Identifying regulatory obligations on business: taking stock and building insights What is the opportunity The historical build-up of legislation and regulation can create disproportionate burdens on businesses. The Better Regulation Executive (BRE) and the Department for Business, Energy and Industrial Strategy (BEIS) are looking at tech solutions to analyse the cumulative stock […]
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Chinese New Year 2019
For Information Only Manufacturers in China shut down over Chinese New Year, so many exporters will be taking their final orders of stock well before 5 February 2019. The official Chinese New Year holiday lasts around one week, but most factories will close for most of February, which means missing out on the cut off […]
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MOT reminders now extended to buses and lorries
You can be fined if you are driving a vehicle with a valid MOT. Fines can be up to £1,000 The Get MOT Reminders service has now been extended to commercial vehicles such as business, lorries and trailers as per the same reminder process for cars and bikes currently. If you own a commercial vehicle, […]
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#MicroBizMatters Day 11th January 2019
#MicroBizMatters Day is the only annual day of recognition, action and learning for micro business owners anywhere, those that employ 0 to 9 or turnover up to £2 million annually. Being part of this rocking day is only a click away! Decide how you will be part of the #MicroBizMatters Day phenomenon then start spreading […]
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Merry Christmas from the Forum of Private Business
There is no legal right to pay employees over public bank holidays. Employers can if they wish to do so, by counting it as part of the employee’s statutory annual leave. Over the Christmas and New Year period there are three public bank holidays in England and Wales. This year’s Christmas and New Year bank […]
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Cost of Collecting Late Payments Rockets
The UK’s smallest businesses are facing a bill of £6.7 billion, up from £2.6 billion in 2017 – just to collect money they’re already owed, according to research by Bacs Payment Schemes Limited (Bacs), part of leading UK retail payments authority Pay.UK. This latest research, from the people behind Direct Debit and Bacs Direct Credit, […]
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The Brexit Deal Explained
The Forum of Private Business is happy to share the governments “Brexit deal Explained” website with our members who wish to find out more about the current withdrawal agreement the Prime minister is trying to get through Parliament. Managing director Ian Cass says, “Its good to see Government producing as much information as possible about […]
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Court hands recruitment firm largest fine and first custodial sentences to follow a TPR prosecution
A national recruitment agency, its directors and senior staff have been ordered to pay more than £280,000 for plotting to illegally opt temporary workers out of their pension scheme. The prosecution of Derby-based Workchain Ltd and its staff has led to the largest fine and first custodial sentences for a case brought by TPR. Owners […]
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