
Cash flow versus profit – Which matters more to an SME?
While profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked.

While profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked.

15 July marks World Youth Skills Day, which is a day to celebrate the importance of equipping young people with the skills they need for employment and entrepreneurship.

HMRC is currently consulting on proposals that could make Direct Debit the mandatory payment method for VAT and PAYE liabilities – a move that would affect millions of UK businesses.

With the upcoming 7 August deadline, HMRC reports that it is still waiting for over half of those affected by Making Tax Digital (MTD) to register, let alone file their returns by the deadline.

It has been reported that UK taxpayers have paid £153.7 billion in tax and National Insurance (NI) in May 2026.

2029 may seem like a while away. However, from that point, B2B and B2G transactions must be invoiced electronically and businesses must be prepared to adapt to this new requirement with minimal disruption.

Following months of delays and uncertainty, the Government has confirmed that small businesses in the UK will be required to file balance sheet and profit and loss (P&L) accounts with Companies House.

Two men have been arrested in East London after allegedly running a TikTok tax scam leading HMRC to block £153 million in repayment claims.

National Bike Week returns once again from 8 – 14 June 2026 and celebrates the power of pedalling across the UK.

Rumours were flying this week that HMRC announced a 22 per cent tax on your ISA if you are holding uninvested cash. This has since been described by the treasury as ‘nonsense’.