Self-Assessment benefits for small businesses
22 Aug 2023
As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more.
Understanding Director’s Loan Account (DLA) and the risks involved
16 Aug 2023
Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director’s loans, and they are recorded in the Director’s Loan Account.
What tax implications can come with depreciation?
15 Aug 2023
For business owners, understanding depreciation is not just about accounting practices but also about handling their taxes efficiently.
Staying up to date with MTD for ITSA
10 Aug 2023
In December 2022, the plans for Making Tax Digital for Income Tax Self-Assessment changed again, as the Government announced that instead, MTD ITSA would be introduced in mandatory phases from 6 April 2026, as opposed to 2024.
Capital Gains Tax for SMEs – Recent trends and compliance
8 Aug 2023
Collections of Capital Gains Tax (CGT) reached a record £16.7 billion in the last tax year, a notable increase from the preceding year’s £14.3 billion.
Top tips for being a successful business owner amid financial challenges
3 Aug 2023
Running a successful business in the UK is a challenging yet rewarding endeavour.
How businesses can navigate and avoid tax disputes with HMRC
1 Aug 2023
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted
Beneficiaries could see inherited pensions taxed as new proposals by HMRC are published
27 Jul 2023
Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income Tax if it is under the Lifetime Allowance (LTA).
HM Revenue & Customs pledge £5.5 million to support customers
25 Jul 2023
HM Revenue & Customs (HMRC) has recently stated that they will pledge £5.5 million to organisations who are in the voluntary and community sectors to help support customers organise their taxes.
Understanding ESG investments – What should you know?
20 Jul 2023
The financial landscape in the UK, as well as globally, is in a constant state of change.
