Top tax tips to help your business save money
10 Feb 2022
Whether you are setting up a new business, or already have a successful, well-established company, there are many ways that you can save money through tax reliefs and allowances. Certain tax initiatives even allow business owners to save money that
British IPOs raise more in 2021 than in any other year since 2007
4 Feb 2022
British initial product offerings (IPOs) raised more funding in 2021 than in any other year since 2007, figures have revealed.
Cryptocurrency and working out your tax liabilities
3 Feb 2022
Cryptocurrencies are proving volatile at the moment with values tanking and then picking up again as the market fluctuates.
Claim up to £5,000 towards the cost of cloud accounting software under new Help to Grow: Digital scheme
21 Jan 2022
Small businesses could get up to £5,000 to pay for cloud accounting software under the Help to Grow: Digital scheme, it has been announced.
Businesses that do not use MTD for VAT make more errors than those that do, study reveals
14 Jan 2022
Small and medium-sized enterprises (SMEs) that do not use Making Tax Digital (MTD) for VAT make more errors than those that do, a major study has revealed.
Income tax basis periods – What unincorporated businesses need to know
12 Jan 2022
All unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April (or 31 March) each year from 2024-25. Here is what you need to know: The Government
How the penalty system for late tax submissions is changing
12 Jan 2022
Under new rules set by the Government, the system of penalties for VAT and Income Tax Self-Assessment (ITSA) are changing. The new system of fines is aimed at tackling non-compliance by taxpayers who repeatedly fail to meet their obligations to
Accountants critical to the success of SMEs
12 Jan 2022
Small and medium-sized enterprises (SMEs) are the lifeblood of the country, accounting for 99.9 per cent of all businesses across the UK. At the start of 2021, there were estimated to be 5.6 million UK private sector businesses. But they
Be prepared for changes to Corporation Tax in 2023
12 Jan 2022
The 2023-24 tax year may seem a long way off, but it is important that companies are prepared for changes to the system a little more than year down the line. The main rate of Corporation Tax (CT) will rise to 25
Cash no longer king as card payments surge in lockdown
12 Jan 2022
Whether it is down to the spread of the Coronavirus or just a general trend to a more cashless society, card payments have boomed in the last couple of years. While restrictions were in place, hardly anyone accepted cash and
