Have you used your capital allowances this financial year?
With 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill.
Making the most of pension contributions for tax purposes
Are you ready for the end of the 2023/24 tax year?
Why do SMEs need an accountant?
If you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant.
Understanding VAT for limited companies and unincorporated businesses
For both limited companies and unincorporated businesses, managing Value Added Tax (VAT) can be a significant challenge, affecting a broad spectrum of business activities.
Can I claim Employment Allowance for my business?
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).
HMRC U-turns on its double cab pickups tax decision
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)
Loophole closed: Pickups are now classed as cars (NOT vans)
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.
Government to change tax law twice before election – How to prepare
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.
Management accounts – Why SMEs should embrace regular reporting
Consistent financial reporting needs to be a core part of your financial strategy to ensure sustainable business growth.
Debt management strategies for SME business owners
Although it can have negative connotations, debt is inevitable for most businesses.
