Taxation planning should be an ongoing process, not just pre-Budget
With the Spring Budget looming in March, it is easy to be tempted to delay tax planning until afterwards in hopes of favourable tax cuts. However, the Chancellor has made it clear that significant cuts to taxation aren’t likely to
How can you achieve taxation ‘quick wins’ before the end of the tax year
With the end of the tax year fast approaching on 5 April, it makes sense to assess your tax situation and make use of the reliefs and allowances available to you. Here are a few quick wins you can consider
MTD for ITSA is delayed. Should you still go ahead with cloud accounting?
Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will now come into effect in April 2026 for businesses, self-employed individuals, and landlords with gross business and/or property income over £50,000. This will be followed in April 2027 for those with similar
What you should include in a business plan
Business plans provide goals to work towards, help identify potential problems, give insight into competitors, and highlight potential opportunities. A great business plan should include a concept, strategy, executive summary, market analysis, competitor analysis, the company’s financials and a clear
Avoid these costly VAT mistakes
Small business owners need to take measures to avoid costly mistakes when it comes to calculating, reporting and paying Value Added Tax (VAT). The best way to prevent errors and stay on the right side of HM Revenue & Customs
What do I need to do when selling my business?
Selling a business in the UK can be an exciting journey for those looking for opportunities to expand their portfolio.
How can your businesses cut costs?
As the cost-of-living crisis continues, your business might be looking for ways to cope with soaring energy bills and interest rates.
Implementation of MTD for ITSA delayed for two years
The Government has announced a two-year delay and further changes to the rollout of its Making Tax Digital for Income Tax initiative. The delayed implementation of Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) means it will now be
Take advantage of the super deduction allowance – before it’s gone
Businesses are being advised that time is running out to be able to take advantage of the Corporation Tax super-deduction capital allowance scheme. This allows businesses to claim back 130 per cent on investments made in plant or machinery. The
Improving your business finances in 2023 and beyond
Every business needs sound financial planning and oversight in order to thrive. With the new tax year just around the corner, now is the perfect time to start thinking about ways you can improve your business’s finances in 2023. Read
