The start of the 2024/25 financial year saw the Capital Gains Tax (CGT) Annual Exempt Amount fall to a historic low of £3,000, down from £6,000 the previous year.
Read More »Concerned about Capital Gains Tax changes? Here’s what you need to know.
HM Revenue & Customs (HMRC) has issued a warning to businesses over fraudulent attempts to access VAT repayments via postal form VAT484.
Read More »Changing your VAT details? Remain vigilant over latest fraud activity
Scaling your start-up is a crucial decision for business owners, as it can directly impact the business’s long-term success.
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
