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30 June 2015

PwC predctions for the #SummerBudget 2015

The summer Budget is the first real opportunity for the Chancellor to put his mark on the nation's finances, unconstrained by coalition negotiations. Big focuses are likely to include decentralisation and regional investment, and boosting productivity by supporting innovation, skills and technology. This is the time to set any major...

Summer Budget 2015: Likely implications for Private Businesses

We ask Private Businesses what they would like the Chancellor to address in his Budget announcement, including the impact of the Northern Powerhouse, Devolution, NIC, triple lock rate, income tax, restricting pensions relief and corporation tax. What would you like to see? Share your comments below. You can follow our...

19 June 2015

Financial visibility will set SMEs free

Today, UK businesses have more options than ever when it comes to raising finance. But lenders are finding it difficult to get the information they need from SMEs to approve loans at affordable rates. To give your application the best chance, you need to know your numbers and make sure...

17 June 2015

What ONS Labour Market data means for UK plc

Employment levels are rising, unemployment numbers are tumbling and salaries are going up in real terms. On 17 June, the Office of National Statistics (ONS) released the most positive Labour Market figures of recent times. Does this signal the end of the UK’s employment worries? Commenting on the labour market...

Getting a mortgage? Tax calculation references now available online

By Penny Lupton, PwC's tax team in Newcastle It is increasingly common for mortgage providers to request full details of an applicant’s income and expenditure in the year beyond their basic salary. Until recently mortgage providers would frequently ask to see copies of a taxpayer’s Form SA302. This is an...

05 June 2015

Private Business Awards 2015 shortlist revealed

PwC in association with HSBC Private Bank and The Supper Club – are proud to announce the shortlist for the fifth annual UK Private Business Awards. The finalists have been selected from the hundreds of entries received from private businesses across the UK. UK Private Business Awards 2015 - Shortlisted...

03 June 2015

Search is on for Yorkshire's best companies

The Yorkshire Post has today, 2 June 2015, launched its flagship enterprise initiative and is calling on the region’s leading small, medium and large companies to enter the 2015 Excellence in Business Awards. Now in the tenth year, PwC has been involved in the awards since their inception and is...

28 May 2015

What else do Private Businesses need to continue their success?

By Ruby Parmar, Private Business Partner It's just under a week to go to the final judging session for this years UK Private Business Awards sponsored by PwC. Looking back over the 5 years since I've been involved in co chairing the judging session and the many many interviews and...

21 May 2015

PwC EVENT: Tomorrow's World for International Entrepreneurs

Event date: Thursday 25 June 2015 | Time: 9.00am - 7.00pm | RSVP: Register online Across the globe, economic uncertainty and geopolitical tensions are causing many of our international entrepreneurial clients to consider how best to manage their wealth and their personal security, taking into account current and future risks....

Non-UK residents selling UK residential property

Since 6 April 2015, non-UK residents selling UK residential property have needed to tell HMRC about the sale, and possibly pay UK capital gains tax (CGT). CGT is payable by all UK resident taxpayers on the disposal of certain assets, such as shares, rental properties, and businesses. But up until...

07 May 2015

Changes to Class 2 National Insurance contributions

By Penny Lupton, PwC's private client tax team in Newcastle The recent Budget in March 2015, announced plans to abolish Class 2 National Insurance contributions (NICs) next year. But in the meantime, the way those contributions are collected is changing. Class 2 NICs are paid by the self-employed and members...

15 April 2015

Beyond the banks - credit funds provide a boost to private businesses

By Paul Ambrose The recession and subsequent benign economic conditions in the UK have meant that many private company shareholders and management teams have not necessarily felt able to achieve all their ambitions for their businesses. The contraction in bank lending since 2008 has meant that strategic aims such as...

09 April 2015

Capital gains on classic cars: you auto know the facts

By Adam Waller, tax parter at PwC in Manchester I recently read about a crash between two vintage cars at Goodwood, one valued at £4m the other at £1m - an expensive collision. It got me thinking about classic cars, which have been one of those assets that have risen...

31 March 2015

Working Capital

By Tony Price If there’s one piece of business advice that can be described as a (sometimes forgotten) golden rule, it’s that companies must manage their working capital. Working capital is the money you need to run your businesses and is based on the following concept that nonetheless escapes many...

26 March 2015

Dear Mr Lemon, someone has stolen your data

On Wednesday night, law enforcement officials contacted our offices and alerted us that hackers had sought and gained unauthorized access to some of our customers' data. Accessed information included usernames, email addresses, mailing addresses, phone numbers, and encrypted passwords. As a precaution, we strongly recommend that you change the password...

24 March 2015

RIP to the tax return?

By Gordon Singer, personal tax partner at PwC in Yorkshire In last week's Budget, the Chancellor dropped the bombshell that self assessment tax returns will be replaced by a new online digital tax account by the year 2020. In the UK, around 12 million people currently complete a tax return...

18 March 2015

Budget 2015: - The impact for private business and SMEs

Nick Farr, a Partner in our private business practice looks at how the budget announcement could impact private business and SMEs Contact Nick on Tel: 01727 892211 or Email: nick.farr@uk.pwc.com

Budget 2015: The impact for smaller businesses

Nick Farr, private business partner at PwC, said: "The government has benefited from favourable headwinds, particularly falling inflation and continued low-interest rates. Is it the right answer to use the fruits of this to pay down the national debt, or should the purse strings be loosened to allow investment in...

13 March 2015

Budget 2015 – PwC predictions on property

Following the 2014 Autumn Statement reform of Stamp Duty, there’s a chance the reforming zeal could extend to Council Tax. It’s a particularly sensitive area though – while the council tax bands are long due an update, the Government may be wary of another hit on expensive properties following the...

12 March 2015

Budget 2015 – PwC predictions on personal tax

With his last budget before May’s General Election, George Osborne will be looking to strike a difficult balance between championing the government’s commitment to fiscal responsibility on one hand, and enticing prospective voters with something extra in their pockets on the other. The Budget presents a crucial final opportunity for...