Business advice for motorsport businesses

posted in Business advice for motorsport businesses by Phil Harris on 08th April , 2022

Late payments and staff shortages put pressure on small firms Small businesses are under increasing pressure, with delays payments and staff shortages on the rise, according to research by accountancy software firm Xero.[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 07th April , 2022

HMRC tax checks target cash in hand work HMRC is to introduce a number of new tax checks in a bid to scrutinise workers in sectors deemed to be high risk for evasion, with a focus on roles where cash-in-hand work is pre[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 06th April , 2022

Government increases support for tech R&D Rishi Sunak said in his Spring Statement that the Government will expand R&D tax relief to include areas such as cloud computing and data storage. The Government previou[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 05th April , 2022

UK business activity better than expected in March The latest S&P Global flash UK purchasing manager composite index fell to a two-month low of 59.7 in March from 59.9 in February. This was higher, however, that the [...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 04th April , 2022

The British Chambers of Commerce quarterly economic survey of 5,600 respondents, says that 62% of businesses are expecting to raise prices. This is another record-high figure for this metric and an increase from 58% in t[...] continue reading

posted in Business advice for motorsport businesses by Phil Harris on 01st April , 2022

HMRC open over 1,000 new tax investigations every day HMRC has launched 137,000 tax investigations in the six months to December 2021, according to tax investigation insurance firm PfP. This is up 9% from the 126,000 inv[...] continue reading