Contractors criticise ‘flawed’ IR35 test

A contractor group thinking about IR35 has slammed HMRC for omitting mutuality of obligation in an online tool designed to assess an individual’s employment status. Mutuality of obligation requires employers to provide ongoing work for an employee, who then has an obligation to perform that work. In a self-employed relationship, there is no continuing obligation on either side to offer …

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Why you NEED a business plan

At The Accounts Centre, we’ve helped a wide range of small businesses create a business plan that has focussed their efforts, kept them on track and fuelled their company’s growth. But what exactly goes into a business plan, and does every business need one? A business plan can play an important role in helping business owners home in on what …

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Benefits of bookkeeping for your business…

Every business of every size in the UK has financial reporting obligations it has to meet. Good bookkeeping plays a vital role in helping businesses compile accurate reports to meet these obligations, but it can also directly benefit a business’s bottom line. Here’s how. Claim the right tax deductions Good bookkeeping can step in to ensure business owners don’t overlook …

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Are you the 8% or the 92%…?

I was chatting with one of my employees the other day, and they mentioned that at a recent presentation by Lloyds Bank, they had said only 1 out of 12 business owners talk to their accountants – that’s just 8%! Perhaps the reason for this could be they are concerned their accountants will charge them through the nose for the …

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This is how Brexit could affect your business…

British business owners are most concerned about the threat of the UK leaving the EU and the financial impact of auto-enrolment pension schemes for staff members, according to a new survey by insolvency adviser trade body, R3. Almost a quarter (23%) of the 500 UK business owners surveyed said they were worried about the financial implications Brexit would bring, while …

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