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We're hoping to be in prime position to scoop two prestigious awards next month after being nominated in the Company of the Year' and Professional Services' categories at the upcoming Coventry Business Excellence Awards (CBEA).

HMRC has updated their

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.

The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction sector which takes effect later this year may cause chaos.

From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency by making HMRC a secondary preferential creditor in respect of certain tax debts held by a business (this includes individuals and partnerships) on behalf of their customers and employees.

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users.

A recent case before the tax tribunal saw the liability for a late VAT registration penalty being passed on to a manager of the company.

There is currently a very generous 100% relief from inheritance tax for passing on businesses and farm land during lifetime and on death.

Draft legislation to be included in the next Finance Bill will make important changes to the calculation of CGT private residence relief.

The draft Finance Bill clauses issued for consultation on 11 July include legislation to extend the off-payroll working rules to the private sector from 6 April 2020.

The Office of Tax Simplification (OTS) have undertaken a detailed review of Inheritance Tax (IHT), which is perceived by many as a complicated tax.

Here at Prime we pride ourselves on offering employees a flexible working environment to promote a healthy work life balance.

Here at Prime Accountants, we place a great importance on what factors are affecting the local economy and, in turn, how that affects our business, our people and our community.

The recent problems with the suspension of dealings in a heavily promoted UK equity income fund have exposed the blurred line between advice and guidance.

Britain's Financial Conduct Authority said a strong case could be made for regulating how financial products are marketed following a surge in online promotions.

The U.

Inheritance tax could be due a major overhaul, with a new report recommending sweeping changes to gifting rules, life insurance policies and even who pays the bill.

Pension scams cost Brits £4 billion a year and are anticipated to be the next big financial scandal, it was reported this month.

There are more highly leveraged mortgages€”those with high loan to value (LTV) ratios€”being issued than at any time since before the financial crisis.

The Federal Reserve is set to cut interest rates by 25 basis points at its policy meeting this month, as the US central bank settles on a cautious approach to monetary easing despite political pressure for deeper stimulus.

Families could cut their inheritance tax bills by thousands of pounds by using a little-known rule that allows them to adjust the valuation of the estate of a deceased relative if house prices have fallen.

Savers risk a £300 fine and further daily penalties if they dip into an old retirement pot and fail to tell their current pension provider - but it is unknown how many are falling into this obscure trap.

A recent study suggests that 25% of employees in the UK are running at least one business project alongside their day job.

The businesses that attract the best talent all have one thing in common - a great employer brand.