In its latest research into the UK’s SME economy, NatWest Group has identified an encouraging trend among the country’s independent operators, as SME growth continues… Read More »SME recovery continues as sustainability and growth take centre stage
If you are a Self-Assessment taxpayer, it is almost time to make your second ‘payment on account’ – advance payments towards your tax bill. Those… Read More »Preparing for the second payment on account – and what happens when you can’t pay?
The Department of Business & Trade (DBT) has released the finalised draft of the Code of Practice on Fair & Transparent Distribution of Tips –… Read More »Gratuities and tips – What the delay to the Employment (Allocation of Tips) Act 2023 means for you
If your business has a turnover of £90,000 or more and sells products or services subject to VAT, then you must register to pay it and file a return to HM Revenue & Customs (HMRC) – at least once every three months. Read More »The most common VAT filing mistakes – and why MTD is the solution!
Management Accounts consist of regularly updated reports for both internal managers and external stakeholders or investors.
Read More »How your business can benefit from using Management Accounts
In a recent statement, HM Revenue & Customs (HMRC) has clarified travel from an employee’s home to their base office under a hybrid working arrangement does not qualify for tax relief.
Read More »HMRC has clarified tax rules on commuting for hybrid and remote workers
If you choose to offer certain benefits to your employees, then you may incur additional Class 1 National Insurance (NI) liabilities which must be reported to HM Revenue & Customs (HMRC).
Read More »Ahead of the 6 July deadline, remember that P11D rules are changing
Many believe that business plans are only necessary for start-ups and new enterprises.
Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report their income and manage their tax affairs.
With the new tax year underway, it’s time to review your payroll to ensure that it reflects the latest changes and updates to legislation around pay, holiday and tax.Read More »Reviewing your payroll? Check what’s changed
