Capital allowances are a form of tax relief for businesses. They allow you to subtract some or all of the value of an item from your profits before you pay tax.
Read More »Capital allowance – Changes for plant and machinery expenditure
The pandemic and lockdowns would have had many businesses considering the future and what may happen if they become ill or incapacitated or what happens to their business after they retire or the unexpected happens.Read More »How to prepare for business succession
A roof replacement company has been hit with a £2.5 million tax bill after a ruling that the insulated roof panels it supplied did not qualify for a VAT-reduced rating.
Read More »Supreme Court rules roof replacement company must pay £2.5 million VAT bill
As the end of the financial year approaches, businesses across the UK are preparing to navigate the intricacies of payroll year-end.Read More »How to prepare for payroll year-end
Many businesses find that they have gone as far as they can in the domestic market and are looking for new frontiers to explore.
Travel expenses are costs incurred by an employee whilst travelling on behalf of their company, which is away from their usual place of work.Read More »Travel expenses: What do you need to know?
Effective financial record keeping is crucial for any business owner to maintain compliance with tax regulations and gain a clear understanding of their financial status.Read More »Are you handling your records effectively?
Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent.
Read More »Self-Assessment taxpayers warned of next payment deadline
Small businesses saw a sharp increase in the length of time clients took to pay their invoices last month, according to data from accounting software Xero.
Read More »Tips for preventing late payments as a small business
Are you thinking about the tax implications of your estate and what this could mean for your loved ones after you pass?
