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Latest News – Making Tax Digital

HMRC have published an update to the Making tax Digital timetable which has pushed back the dates for implementation. Mel Stride, Financial Secretary to the Treasury and Paymaster General said: Businesses agree that digitising the tax system is the right direction of travel. However, many have been worried about the scope and pace of reforms. […]

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Critical business information in real time

Every successful business has its finger on the pulse. You need to know the key numbers. Not the numbers in last year’s accounts; they’re out of date. Redundant. You need today’s numbers. And that’s where your cloud accounting system comes in. If you don’t have a cloud accounting system this blog will explain the benefits […]

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Time is fast running out for UK businesses

Don’t you just love the UK Government? UK businesses are just getting over the huge cost and upheaval from the Automatic Enrolment regime and now we have another one to deal with. You’ll love this. They call it ‘Making Tax Digital’. Of course we don’t yet know exactly how it works, because as you know, […]

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Inflation remains negative while NS&I savings rates fall

The latest monthly report by the Office for National Statistics (ONS) has revealed that the UK’s Consumer Prices Index (CPI) inflation rate remained negative in October at -0.1%. A rise in the price of clothing was more than offset by falls in food, alcohol and tobacco prices. Food and drink prices fell by 2.7% in […]

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Boost in UK workers’ pay marks most substantial rise since financial crisis

UK workers have received an effective pay rise of nearly 2% over the past year, as low levels of inflation helped to boost take-home pay, the latest figures suggest. The rise marks the most significant increase in pay margins since the 2008 recession. The Office for National Statistics (ONS) has published the provisional results of […]

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  • Philip M Lewis & Company Ltd
  • 56a Station Road,
  • Port Talbot,
  • West Glamorgan,
  • SA13 1LZ

Tel: 01639 870 087