When is a business expense really tax deductible?
One of the most common questions business owners ask accountants, “Can I put this through the business as an expense?”
Read More »When is a business expense really tax deductible?
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Charlie Flockhart
The zombie company apocalypse: Will your business be around 28-years later?
A new tax year is steadily approaching and will manifest many of the changes announced in the Autumn Budget.
Read More »The zombie company apocalypse: Will your business be around 28-years later?
How do you know if you are exempt from Making Tax Digital (MTD)?
The first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026.
Read More »How do you know if you are exempt from Making Tax Digital (MTD)?
Millions of UK workers are overpaying tax every year
A new Freedom of Information requested from HMRC, released to the public has found that 5.6 million in the UK paid more tax than they needed to in 2023/24.
Read More »Millions of UK workers are overpaying tax every year
What to do if you can’t pay your Self-Assessment tax bill on time?
The deadline for your Self-Assessment tax bill is just over a week away and you may find yourself under increasing pressure if you cannot pay it.
Read More »What to do if you can’t pay your Self-Assessment tax bill on time?
Businesses brace for the next wave of Trump tariffs
They say there is nothing new under the sun and the global economic situation seems determined to prove that right.
Read More »Businesses brace for the next wave of Trump tariffs
HMRC warns taxpayers about mid-year Capital Gains Tax changes
HMRC has issued a warning to taxpayers completing their Self Assessment tax returns that their online software cannot automatically make calculations to account for the mid-year increase in the rate of Capital Gains Tax (CGT) in 2024.
Read More »HMRC warns taxpayers about mid-year Capital Gains Tax changes
The FRS 102 changes are now in effect: What should businesses do now?
The revised version of FRS 102 has now come into effect for accounting periods starting on or after 1 January 2026 and it will affect how your business prepares accounts under UK GAAP.
Read More »The FRS 102 changes are now in effect: What should businesses do now?
As AI advances, why is it still better to use a human accountant?
We are now in that period of time between the start of the calendar year and the beginning of the tax year.
Read More »As AI advances, why is it still better to use a human accountant?
HMRC records festive tax return frenzy
According to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day.
