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 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?
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?
According to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day.
Many small business owners and self-employed individuals may consider buying a car through their business.
Read More »Should I buy a car through my business or personally?
By now, you may have already begun trying to make your New Year’s resolutions stick, although some may have already been abandoned.
The Autumn Budget saw many individuals and businesses alike disheartened by measures that seemed to inhibit growth.
When a year ends, it is natural for many to look back on the time that has passed and reflect on what was achieved.
Read More »What do record National Insurance Contributions mean for businesses?
HMRC has issued a clear message to businesses that rely on seasonal and short-term staff that payroll compliance is not optional, even for temporary contracts.
Read More »HMRC warning puts payroll compliance firmly in the spotlight
Peak trading periods, such as Christmas, can often bring a welcome increase in sales, but they do not always guarantee consistent cash flow.
Read More »How small businesses can manage their cash flow effectively
