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Inflation and increased interest rates – What does it mean for businesses?

07/07/2023

Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) – the official measure of inflation – only fell to 8.7 per cent in the 12 months to May 2023. While the…

HMRC sets its sights on SMEs over UK tax gap

07/07/2023

The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider than anticipated due to SMEs, according to HM Revenue &…

The hidden economy: What income should you declare?

07/07/2023

The number of individuals participating in the UK’s ‘hidden economy’ is increasing according to recent research. A surge in additional income streams, from moonlighting to online trading, has led to millions of taxpayers failing to…

Management accounts: The importance of having a clear view of your business during uncertain times

07/07/2023

In times of economic uncertainty, businesses should have a clear plan to ensure that they can navigate any potential financial pitfalls. One of the best ways businesses can do this is with the use of…

Time to exit: New research shows many business owners are planning ahead

07/07/2023

New research from wealth management firm Evelyn Partners has revealed that the majority of business owners with companies that earn more than £5 million annually are preparing for an exit. With 65 per cent of…

Are banks supportive of SMEs and willing to assist their growth?

07/07/2023

Small and medium-sized businesses (SMEs) have struggled to access finance from banks for a while, with many having to turn to alternative lenders and sources to secure much-needed funding for investment. However, the scale of…

Dishing up sustainability: How can restaurants meet net zero goals?

15/06/2023

Restaurants can, naturally, create a lot of waste. But working towards creating a more sustainable workplace should be a central goal.

WMT Chartered Accountants advise on sale of The Soho Sandwich Company to Around Noon Foods

08/06/2023

WMT Chartered Accountants is delighted to have been the lead corporate finance advisor in the sale of The Soho Sandwich Company to Around Noon Foods. Around Noon, the fast-growing food-to-go (FTG) manufacturer, has acquired London-based…

Car vs Van – Tax treatment of electric vehicles

06/06/2023

There have been several important tax decisions previously regarding the difference between vans and cars, but how do the different rules regarding electric vans affect their tax treatment? Let’s use a hypothetical: A Ltd has…

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