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February 23, 2024
What’s your policy on scanning QR codes?
Since the COVID lockdowns, QR codes have become increasingly commonplace as a quick way to direct people to websites, to log into online video services on smart TVs and TV boxes, or to order or pay for goods and services.
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February 22, 2024
HMRC warns about an increase in tax refund scams
HM Revenue and Customs (HMRC) are warning that fraudsters could focus on Self Assessment taxpayers.
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February 19, 2024
Inflation stays flat
Official figures were released last week showing that inflation remains at 4% in the year to January.
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February 16, 2024
Unlocking efficiency and growth: The benefits of cloud accounting
In business, staying ahead of, or at least up with, the curve is crucial for success. Over recent years, one of the revolutionary tools that has transformed the way businesses manage their finances is cloud accounting. Cloud accounting offers many benefits over traditional, on-premise accounting systems. Let’s discuss some of them.
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February 14, 2024
Guidance for small businesses using online services
The National Cyber Security Centre have issued some new guidance on “Using online services safely.”
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February 12, 2024
How to recognise tax scam phone calls, emails and text messages
HM Revenue and Customs (HMRC) have recently published updated their guidance on how to identify tax scams made by phone, email, or text.
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February 9, 2024
No final decision yet on a digital pound
The Bank of England and HM Treasury have published their response to a consultation on a digital pound that was started in February 2023.
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February 7, 2024
Cuts to National Insurance rates benefit January pay packets
The 12% to 10% employees national insurance rate cut first announced in the Autumn Statement came into effect in January. This means that many employees will have seen a boost in their take home pay in their January pay packet.
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February 5, 2024
Streamlining your business: Strategies to speed up customer payments and improve cash flow
Begbies Traynor, a firm of business rescue and recovery specialists, have published their latest Red Flag Alert based on financial data from the last quarter of 2023. It makes worrying reading as they estimate that more than 47,000 businesses in the UK are near collapse because of being in critical financial distress.
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February 2, 2024
Fake reviews, hidden fees and shop labelling to be tackled by new laws
The Department for Business and Trade are making changes that will ban dripped fees, make fake reviews illegal, and make sure that price labelling on supermarket shelves is clearer.
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January 31, 2024
UK services exports to be helped by £500,000 government funding
The government has pledged £500,000 of funding to help facilitate agreements that will allow UK professionals to qualify more easily to provide services in foreign countries.
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January 29, 2024
Income Tax and selling online
In recent weeks there has been a flurry of online activity discussing the new law that will require online marketplaces to report information about income made by their users to HMRC. The discussion has led to many people asking questions such as “Will I have to pay tax on the money I make from selling my old belongings on Vinted or eBay?”
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January 26, 2024
Post Office Horizon scandal: A stark reminder to prioritise people over systems
The recent Post Office Horizon scandal, given further exposure by the related TV drama, provides a cautionary tale about the perils of overlooking the human impact of technology decisions.
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January 24, 2024
Nuclear power to expand in the UK
The UK government has announced plans for expanding nuclear power in the UK. The Civil Nuclear Roadmap sets out how the UK will increase generation of nuclear-powered electricity so that by 2050 it is enough to provide a quarter of the UK's electricity needs.
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January 22, 2024
UK businesses to save time and money on cross-border legal disputes
Lord Bellamy, representing the UK, has now signed the 2019 Hague Convention, which the UK originally committed to joining in November 2023. Once ratified there is a wait of 12 months for the Convention to come into force in the UK, but at that point, it will apply to any judgments commenced after that date.
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