For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.
Read More »Understanding VAT for limited companies and unincorporated businesses
The Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs).
Read More »Can I claim Employment Allowance for my business?
The end of the financial year is coming. 5 April is crunch time for making businesses and individual estates as tax efficient as possible.
Read More »Higher rate taxpayer? How to prepare for the end of the tax year
HMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) for owners.Read More »HMRC U-turns on its double cab pickups tax decision
A dispute between Coca-Cola and HM Revenue & Customs (HMRC) has closed the loophole that previously defined double-cab pickups as vans and now means they will be classed as cars.
Read More »Loophole closed: Pickups are now classed as cars (NOT vans)
With the Self-Assessment deadline passing on 31 January, it’s clear that many sole traders and business owners aren’t using allowable expenses and deductions to their full potential.
Read More »Five Self-Assessment deductions you didn’t know you could claim
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.
Read More »Government to change tax law twice before election – How to prepare
The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.
Read More »Attention UK Taxpayers – do you understand the 500T tax code?
Consistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth.
Read More »Management accounts – Why SMEs should embrace regular reporting
Although it can have negative connotations, debt is inevitable for most businesses.
Read More »Debt management strategies for SME business owners
