James Shipp

Tax savings are not the only consideration for company car drivers ‘going green’ and more and more often we are seeing a reversal of the green revolution.

Under a current review being undertaken by law makers, small business owners could soon be disclosing much more on the public record than has been required for many years.

We knew in advance of the Chancellor’s statement yesterday that he was going to stick with the increase in corporation tax from 19% to 25%, a move which will bring in an extra £17 billion a year to the Treasury. So, it was inevitable that he would feel he had to give a portion of that cash back to business to encourage investment.

With changes to Corporation Tax and Investment Allowances, businesses in the hospitality and leisure sector need to be taking action before the end of the tax year

The new campaign of nudge letters is aimed at individuals who have sold goods or services through online platforms or created content on digital platforms.

Jeremy Hunt said that everyone would feel the pain in his Economic Statement; that is certainly true of businesses, and SMEs in particular. Given that they are the real engine of growth in the UK economy, he may find that attacking them on every front will not prove popular in the business community.

Well, no-one can say that Liz Truss’s government is not implementing the policies she set out during her leadership campaign – in fact, the mini-Budget went considerably further than most of us expected.

We have just received the news that Liz Truss will be succeeding Boris Johnson as our new Prime Minister tomorrow, once the procedural formalities are completed by The Queen.

A leading hospitality and leisure specialist accountant has welcomed the support announced today for hospitality and leisure businesses facing the consequences of the omicron variant – but says that what the sector really needs is certainty going forward.

In an environment where staff shortages are endemic, it may well be businesses which have to bear the brunt of the National Insurance rise, says James Shipp of Lovewell Blake.

Monday 17^th May is a red-letter day for the entire hospitality sector; it is the day when, finally, restaurants, pubs and cafes can throw open their doors and welcome customers back inside. Whilst those businesses with usable outside space have been partially open for a few weeks now, for most 17^th May marks the return to business after many bleak months of closure.

Changes to the IR35 rules are designed to ensure contractors pay their fair share of tax and national insurance – but the move could be counter-productive, especially in the energy sector, says James Shipp of Lovewell Blake.

The £20 million fund opened on 15 March 2021 for smaller businesses to apply for grants of up to £2,000 to help them adapt to new customs and tax rules when trading with the EU.

A leading Norfolk accountant is lobbying the Treasury to extend the financial help for self-employed people to those who started trading after March 2019 – saying that these are the very businesses which will help lead the eastern region towards recovery once the pandemic is over.

The signing of a trade deal with the EU will be a huge relief to businesses, averting as it does the potentially damaging consequences of no deal.

Rishi Sunak’s announcement of targeted support for businesses forced to close because of Covid-19 are welcome, but there are many unanswered questions, says James Shipp of Lovewell Blake.

VAT, PAYE and Corporation Tax payments falling due can be deferred – but should you.

Government help during the Covid-19 crisis may appear to have left owner-managed businesses high and dry, but there are steps they can take to weather the storm.

Despite appearing to be left out of government assistance schemes, there are avenues open to start-ups.