Labour’s proposed expat exit tax has come under fire from leading audit, tax, and business advisory firm Blick Rothenberg, which warns that the policy could drive Foreign Direct Investment (FDI) away from the UK to more tax-friendly countries like France. Vanesha Kistoo, Head of Blick Rothenberg’s French Desk, described the proposed tax as “deeply flawed” […]
Landlords in the UK could soon be hit with capital gains tax bills of up to £90,000 if Labour’s proposed changes to the tax system are implemented. Chancellor Rachel Reeves has suggested aligning capital gains tax rates with income tax rates, which would significantly increase the tax burden on property owners. Current average capital gains […]
A new report by The Entrepreneurs Network and Sumer, the UK’s leading mid-market accountancy practice for SMEs, has found that 44% of UK businesses have come close to shutting down in 2024. The United Growth Report, which surveyed 610 entrepreneurs across twelve UK regions, highlights the significant challenges faced by UK SMEs in a turbulent […]
OpenAI has launched its latest artificial intelligence model, the o1 series, which the company claims possesses human-like reasoning capabilities. In a recent blog post, the maker of ChatGPT explained that the new model spends more time thinking before responding to queries, enabling it to tackle complex tasks and solve harder problems in areas like science, […]
The skills gap in the UK continues to widen, with 72% of companies reporting shortages in critical areas such as AI, data analytics, and cybersecurity—up from 69% in 2023, according to DocuSign’s Digital Maturity Report 2024. As a result, businesses are increasingly turning to ‘quiet hiring,’ upskilling their current employees, and deploying AI tools like […]
The UK’s rental market is facing a severe crisis, with an average of 21 prospective tenants competing for each available property, as the number of homes to rent continues to shrink. According to Zoopla, a leading property search platform, the availability of rental homes is now 24% lower than before the pandemic, driven by landlords’ […]
Global SMEs are showing increasing optimism about their future prospects, according to the new Global SME Confidence Index from Alibaba.com, a leading B2B e-commerce platform. The study with SME decision-makers across France, Germany, the UK, and the US, highlights a strong sense of resilience as SMEs navigate a challenging business landscape. The report found that […]
Google is facing accusations from the US Department of Justice (DoJ) of suppressing competition to gain dominance in the display advertising market, driving up costs for publishers and advertisers. The claims emerged on the first day of a landmark antitrust trial at a federal court in Alexandria, Virginia. “Google is not on trial because they […]
Britain’s exporters are feeling increasingly ill-equipped to seize international opportunities, according to the latest annual research commissioned by the Department for Business and Trade. The survey of 3,000 businesses with revenues exceeding £500,000 found that only 18% considered themselves experts in exporting last year, down from 24% the previous year. This is the lowest level […]
Small businesses are behind a significant portion of tax evasion in the UK, costing the government billions of pounds annually, according to a new report by the National Audit Office (NAO). The report revealed that small companies exploit weaknesses in government systems, contributing to 81% of the £5.5 billion lost to deliberate tax evasion in […]