Category: In Business

Jul 19

HMRC gains only £14.4m in extra tax from insolvencies since regaining preferential creditor status

HMRC has collected an additional £14.4 million in tax from insolvencies over two tax years up to 2023 since it regained its ‘preferential creditor’ status. The preferential status, known as ‘Crown Preference’, was reinstated for HMRC in December 2020, granting it priority in reclaiming taxes owed from insolvent businesses ahead of other unsecured creditors, including […]
Jul 17

Universal credit tax rate hindering employment efforts, says Blick Rothenberg

The new Government must address the 55% effective tax rate on Universal Credit recipients if it aims to reduce unemployment. That’s according to Robert Salter, Technical Director at audit, tax, and business advisory firm Blick Rothenberg, who highlighted the issue in light of the recent King’s Speech, where the Government committed to focusing on employment. […]
Jul 17

Neurodiverse leaders must champion openness in the workplace, research reveals

A recent study of the UK’s largest firms has highlighted that neurodiverse business leaders should serve as role models within their organisations. According to 64% of FTSE 350 Board Directors and HR professionals, fear of stigma and potential repercussions is discouraging neurodiverse leaders from discussing their diagnoses openly. The research, commissioned by celebrity chef Heston […]
Jul 15

Resilience and optimism: SME barometer shows rising business confidence despite economic hurdles

The latest SME Barometer from Prism has been released highlighting  a cautious yet steady increase in business confidence among UK SMEs. Despite ongoing economic challenges, SMEs are displaying remarkable resilience and optimism for the future. Key Findings: Business Confidence on the Rise : The Institute of Directors (IoD) Confidence Index improved to -10 in April […]
Jul 11

New report highlights the importance of recognition in workforces

Boostworks, a leading provider of employee reward and recognition, benefits delivery and wellbeing solutions’, has launched the findings of its latest research-based whitepaper: The Heart of Workplace Engagement. Importantly, the paper revealed that 70% of employees highlight the importance of recognition, but less than half (42%) report receiving regular recognition from their CEOs. Flagging the […]
Jul 10

Begbies Traynor anticipates continued high insolvency levels into next year

The restructuring firm’s revenue surged by 12% to £136.7 million for the year ending April Begbies Traynor forecasts ongoing “elevated” insolvency levels as rising interest rates and funding demands strain company finances. The Aim-listed restructuring specialist anticipates persistent corporate distress into next year following a 12% increase in insolvencies, reaching 25,391 by April 30. Revenue […]
Jul 8

Impending tax hike looms for Americans in the UK following general elections

Americans residing and working in the UK might face increased tax rates due to outcomes from the UK general election and the US presidential election this November. Alex Straight, a Partner at Blick Rothenberg, a British audit, tax, and business advisory firm, and spokesperson for the firm’s international group, highlighted, “For Americans, this is the […]