Retail News

We act for a large number of retail, wholesale & e-commerce firms across all three of our offices
£17m funding available for training in the Sheffield City Region

£17m funding available for training in the Sheffield City Region

Do you know about the new Skills Bank for the Sheffield City Region? The Skills Bank is a government/LEP initiative aimed at workforce training and development in the Sheffield City Region. It is a £17m fund - new for 2016 - comprising of funding from the European...

Expenses exemption to replace dispensations from 6 April 2016

Expenses exemption to replace dispensations from 6 April 2016

Are you aware of the changes to dispensations? In the past, many businesses have applied to HMRC for dispensations. Dispensations have allowed expenses and benefits to be provided to employees without being included on a P11D or subject to PAYE and NIC. A dispensation...

Changes to business rates announced in the 2016 Budget

Changes to business rates announced in the 2016 Budget

The Chancellor recently announced a number of positive measures to reform business rates in the UK: Firstly, business rates have been devolved to Scotland, Northern Ireland and Wales. Secondly, there will be cuts on business rates for approximately half of all...

National Minimum Wage to rise again in October 2016

National Minimum Wage to rise again in October 2016

The government announced increases to the National Minimum Wage, effective 1 October 2016, after accepting recommendations for the new rates from the Low Pay Commission (LPC). The main National Minimum Wage rate (for 21- 24 year olds) will rise by 3.7% from £6.70 to...

Commercial Stamp Duty Land Tax changes from the 2016 Budget

Commercial Stamp Duty Land Tax changes from the 2016 Budget

Are you aware of the commercial Stamp Duty Land Tax changes that were announced in the 2016 Budget? In "a Budget that backed small businesses" (according to the Chancellor), one of the welcome reforms for businesses and entrepreneurs were the commercial Stamp Duty...

Rail electrification update – where now for CP5?

Rail electrification update – where now for CP5?

You may recall that we have published two articles on the electrification and modernisation of the UK’s railways over the last six months – first when the plans were put on pause and, again, when the plans were re-commenced just three months ago. In the latest...

Retail 2016 Budget review and analysis for retailers

Retail 2016 Budget review and analysis for retailers

Welcome to our retail 2016 Budget review Following a year in which the Chancellor had a pre-election Budget in March, a surprise summer Budget in July and an Autumn Statement in November, on 16 March the Chancellor delivered his first Budget of 2016. Following an...

Small business 2016 Budget review and analysis for SMEs

Small business 2016 Budget review and analysis for SMEs

Welcome to our small business 2016 Budget review On 16 March, the Chancellor delivered his first Budget of 2016. In the lead up to the 2016 Budget there were a number of potential measures which many small business owners may have been hoping for, including an...

Tax Rates and allowances 2016/17 – summary and details

Tax Rates and allowances 2016/17 – summary and details

Tax Rates and Allowances 2016/17 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2016/17 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

The new PSC Register – a new law that affects nearly all UK companies

The new PSC Register – a new law that affects nearly all UK companies

With less than one month to go before the new PSC Register comes into force, company directors need to start planning now for their PSC Register, if they have not already done so. The Small Business, Enterprise and Employment Act 2015 (the Act), which passed into law...

2015/16 year-end tax planning advice for owners and individuals

2015/16 year-end tax planning advice Would you like the opportunity to reduce the taxman’s take from your own and your family’s income? If so please continue on to read our year-end tax planning advice. Carrying out an annual review of your tax affairs could...

Important PAYE and employment tax changes 2016 that you need to know

Important PAYE and employment tax changes 2016 that you need to know

Are you ready for the fothcoming PAYE and employment tax changes? There are some very important changes to PAYE and employment tax rules due to come into effect from April 2016. It is important that as an employer you are aware of these changes and, if necessary, have...

Retaining retail staff using bonus schemes

Retaining retail staff using bonus schemes

Arguably one of the biggest challenges facing the sector is retaining retail staff and the associated costs involved through high staff turnover. Staff turnover in the retail industry has been, and still is, very high and is down to both the financial and...

Ongoing transportation projects to improve UK links

Ongoing transportation projects to improve UK links

The Chancellor, George Osborne, has promised to continue to make significant infrastructure improvements a key focus over the next four years through committing billions of pounds to improving the UK’s transportation links. In this article we look at some of the...

Is your retail website converting sales?

Is your retail website converting sales?

Whether you are a local independent retailer or a multinational retailer with a national/international focus, your website must be optimised to improve profitability. Your website is your online shop window; it needs to convert sales and minimise abandoned baskets....

Retail Autumn Statement 2015 review

Retail Autumn Statement 2015 review

On 25 November, the Chancellor delivered his latest Autumn Statement. In a year which has already seen two Budgets - which have both brought big changes to the retail sector, including the introduction of the new National Living Wage - retailers were perhaps...

Big small company accounting changes ahead

Big small company accounting changes ahead

Are you ready for the changing landscape of small company accounting? Over the next year or so the statutory accounts that small companies have to prepare and send to Companies House are changing because of revisions to the Companies Act and some connected changes to...

Where are the drivers of the future for transport & logistics?

Where are the drivers of the future for transport & logistics?

Just 2% of all HGV drivers are under 25 - where are the drivers of the future for transport & logistics? It is fair to say that over the last few years there has been a shortage in the number of young drivers entering the transport & logistics sector. A report...

Over £11.4bn in R&D tax relief now claimed

Over £11.4bn in R&D tax relief now claimed

£11.4bn in R&D tax relief now claimed - are you missing out? HMRC has now published its most recent R&D tax relief statistics (2013/14), and the picture remains very positive. The statistics show that companies - both SME and multinational alike - are...

Small business outlook 2015/16

Small business outlook 2015/16

Welcome to our small business outlook 2015/16. Although not all small businesses have seen an improvement in their financial performance in the last 12 months, the picture is largely positive. The UK economy thrives on small businesses and, generally speaking, they...

National Living Wage – The impact on small businesses

National Living Wage – The impact on small businesses

The government has announced the introduction of a new National Living Wage (NLW) for working people aged 25 years and above. The NLW is effectively another higher age band of the National Minimum Wage (NMW). Initially the NLW is set at 70p above the current NMW,...

Chancellor gives Annual Investment Allowance certainty

Chancellor gives Annual Investment Allowance certainty

The Chancellor announced in the Summer 2015 Budget that the Annual Investment Allowance will be set permanently at £200,000 from 1 January 2016. He has previously said that this would be included in the Autumn Statement, but this earlier announcement provides welcome...

What does the Network Rail ‘pause’ mean for business?

What does the Network Rail ‘pause’ mean for business?

In 2013 a five-year plan was announced to electrify the route from London to Sheffield through the East Midlands. Just weeks after the General Election, where there was a strong focus on the proposal of a Northern Powerhouse to boost economic growth in the North of...

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and allowances 2015/16 – summary and details

Tax Rates and Allowances 2015/16 Many of the tax rates and allowances are fundamental to our business and personal lives and the main ones for the 2015/16 tax year are summarised here. We are sure that you will find it a useful point of reference throughout the coming...

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