What do you need to know about Income Tax?
If you’re feeling unsure about your Income Tax obligations, it’s important to understand what you are required to pay, how you pay it and what to do if you haven’t paid enough or have paid too much.
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Charlie Flockhart
Quarterly VAT return and payment deadline approaching
Most businesses in the UK will need to submit VAT returns and payments every three months, with strict deadlines for these submissions set in place by HM Revenue & Customs (HMRC).
Read More »Quarterly VAT return and payment deadline approaching
VAT penalties for late filing or payments – be aware of the changes
HM Revenue & Customs (HMRC) has removed the default surcharge for late payments of VAT and replaced it with what is a new penalty charge. The way interest is charged has also been amended.Read More »VAT penalties for late filing or payments – be aware of the changes
UK Corporation Tax for start-ups: what you need to know
Corporation Tax is a critical element that start-ups need to be aware of when starting their new venture.Read More »UK Corporation Tax for start-ups: what you need to know
Social value strategies and the benefits for your business
The actions of organisations and their impact on their community are scrutinised heavily. A business can often see its reputation rise or fall depending on the views of the outside world, so it is important that businesses have solid social value strategies in place.
Read More »Social value strategies and the benefits for your business
Changes to the Seed Enterprise Investment Scheme (SEIS)
The UK has long been a hub for budding entrepreneurs and start-ups, with innovative ideas and new businesses emerging every day.Read More »Changes to the Seed Enterprise Investment Scheme (SEIS)
Businesses must get to grips with a Government crackdown on fraud committed by employees
A new ‘failure to prevent fraud’ offence is being introduced by the Government to encourage businesses to do more to deter offending, which will ultimately… Read More »Businesses must get to grips with a Government crackdown on fraud committed by employees
Striking the perfect balance: Director’s salary and dividends for 2023/24
As a business owner, determining the ideal salary for company directors can be tricky. Often, most directors will want to balance their salary and dividend… Read More »Striking the perfect balance: Director’s salary and dividends for 2023/24
683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen
The High Income Child Benefit Charge (HICBC) was introduced in 2013 and was set up to charge tax on individuals claiming child benefits who were… Read More »683,000 higher rate taxpayers opt out of child benefit as thresholds remain frozen
Landlords are latest group targeted by HMRC ‘nudge’ letters
Residential landlords are the latest group to have been targeted in receiving ‘nudge’ letters from HM Revenue & Customs (HMRC). The letters are part of… Read More »Landlords are latest group targeted by HMRC ‘nudge’ letters
