HMRC to use AI to spot errors and fraud
HMRC has announced that it will use new AI to help it spot and correct errors, as well as uncovering more deliberate frauds. They have signed a £175 million, 10 year deal with Quantexa to use their AI…
HMRC has announced that it will use new AI to help it spot and correct errors, as well as uncovering more deliberate frauds. They have signed a £175 million, 10 year deal with Quantexa to use their AI…
“Quiet quitting” has become a term that has risen in popularity in recent years, but what is it and how can it affect your business? Quiet quitting is basically the new name for the ‘working to rule’ principle,…
The simple answer is yes, you can charge them interest. From time to time a customer may pay you late, and you may be fine with that. But when the problem becomes persistent, it can effect your cash…
If you are director/shareholder of your own limited company, then yes, the company can make contributions to your private pension scheme, and this will be an allowable expense to deduct from profits before the calculation of corporation tax.…
The sun is shining, the beer gardens are full and public transport is even more unbearable than usual. British summertime is on its way! Here are our top ten tips on how to stay cool in the work…
The P11D form is a statutory form required to be filed with HMRC by those businesses that provide benefits to their employees that do not go through the PAYE system. You will also need to file a P11D(b)…
The new Making Tax Digital (MTD) rules for Income Tax have now come into effect. If you are self employed or a landlord with turnover of over £50,000 you will need to comply with the new rules and…
A new report, headed by Sir Charlie Mayfield, the former boss of John Lewis, states that poor health in the workplace is costing UK employers around £85 billion a year, and that employees unable to work due to…
“Office frog” is a relatively new term used to describe employees who often hop between jobs – just as a frog leaps between pads in a pond. The term is usually associated with people in Gen Z –…
Are you thinking of giving a business gift for Christmas? If so, make sure you know the tax implications before it ends up costing you more than you originally thought. Christmas is not that far away and you…