Business Pragmatism Can Withstand the Challenges of 2023

Business Pragmatism Can Withstand the Challenges of 2023

By Stephen McConnell, Business Services Partner at Baker Tilly Mooney Moore   We ended 2022 much like the previous two years, with a bleak economic outlook and hopes that the busy Christmas period will be enough to see businesses through even the beginning of 2023....
What’s On The Horizon For 2023?

What’s On The Horizon For 2023?

2023 begins with a bleak economic outlook after the UK entered an official recession in the third quarter of last year. Though the decline is expected to be shallow, latest estimates show that it will continue for much of the year. It is to this backdrop that...
Not your typical recession as talent squeeze set to continue

Not your typical recession as talent squeeze set to continue

By Donal Laverty, Consulting Partner  There is no escaping the recession we are slipping into. The UK economy will shrink by 1.4% in 2023 and unemployment will jump to 4.9%. Yet simultaneously, businesses are aggressively recruiting to fill vacancies and almost three...
New VAT Penalty Regime Starts from 1 January

New VAT Penalty Regime Starts from 1 January

HMRC is introducing a new VAT penalty regime from 1 January 2023, replacing the current default surcharge with a fixed rate, points based system for late VAT submissions and payments. The changes will affect businesses submitting VAT returns for accounting periods...