HMRC sets its sights on SMEs over UK tax gap
13 Jul 2023
The tax gap in the UK – the difference between the amount of tax owed and the amount that has been paid – remains wider than anticipated due to SMEs, according to HM Revenue & Customs (HMRC). The tax authority’s
Inflation and increased interest rates – What does it mean for businesses?
13 Jul 2023
Office for National Statistics (ONS) data revealed that the Consumer Price Index (CPI) – the official measure of inflation – only fell to 8.7 per cent in the 12 months to May 2023. While the rate of inflation is not
Ensuring your small business is prepared for the future
13 Jul 2023
In the ever-changing business landscape that we see today, merely reacting to events as they occur is not enough.
What expenses can limited companies and sole traders claim?
11 Jul 2023
Whether you’re the owner of a limited company or a sole trader, it is important to understand the expenses you can claim and the tax savings that these expenses bring.
Exit strategies – What should you consider for when the time comes?
6 Jul 2023
Exiting a business is a significant milestone for any entrepreneur or business owner.
An overview of the Construction Industry Scheme and what it means for your business
4 Jul 2023
The Construction Industry Scheme (CIS) is a Government initiative that allows contractors in the construction industry to deduct money from a subcontractor’s payments and pass it on to HM Revenue & Customs (HMRC).
Understanding salary and dividend payments for business owners and directors
29 Jun 2023
As an owner or director, it may be possible for you to pay less tax on your income from your company through dividends.
Managing an Overdrawn Director’s Loan Account
27 Jun 2023
Are you a company director contemplating a loan from your own business? If yes, it’s crucial to understand the workings behind the Director’s Loan Account (DLA) and the implications of an overdrawn director’s loan account (ODLA).
Is cloud accounting the future for businesses?
22 Jun 2023
In the world of entrepreneurship and small businesses, technology continues to revolutionise the way we manage our operations.
How to spot the early signs that your business may be facing financial difficulty
20 Jun 2023
Many businesses across the UK have been financially affected by the cost-of-living crisis and the rise in inflation and have also suffered from the fallout of Covid-19 loan schemes and companies’ failure to make repayments.
