Director Taxes

What taxes will I need...

Are you aware of the personal taxes you’re liable for as a company director? We’ve got the lowdown on self-assessment and capital gains tax – and can help you plan your wealth management as a director. When you…

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VAT

How does VAT work? Want...

Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain. Most businesses with annual sales of £85,000 or more have to register for VAT. And…

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Get ready for Q3 Deadlines

Get ready for your Q3...

Keeping up to date with your compliance tasks is an ongoing process. So, to keep you prepared and on the ball, we’ve highlighted some of the forthcoming deadlines for Q3. Your company-specific deadlines: NOTE: First company accounts are due…

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Employ Family

Should I employ family members...

If you run your own business, it’s tempting to bring in your own family into the company. But it’s important to think through both the positive and negative implications of employing your family. Employing your own family members…

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Claim Research & Development Costs

Can I claim a research...

Carrying out research and development (R&D) can be an expensive part of developing your product/service and growing your business. So, finding a way to claim back tax against your R&D costs is a sensible way to reduce your…

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Loans to Directors

Are loans to directors and...

If you’re a director then taking out a director’s loan against the cash in your limited company might seem like a sensible thing to do. But the reality is that overdrawn loans to directors can lead to unintended…

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Tax Glitches

8 Methods to Overcome Tax...

8 Methods to Overcome Tax Glitches while Preparing Taxes Are you sick and tired of errors while preparing for tax? Whether it is self-assessment or corporate tax preparation, there is always a chance of a 0.1% error margin,…

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Yearend Essentials

10 Essential Things Every Small...

10 Essential Things Every Small Business Owner Should do Before End of the Year Have you noticed how it’s already Q2 and, most small business owners are deeply immersed in prepping for Q4? Despite the invisible enemy (Covid-19),…

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VAT Deferral Scheme

The VAT Deferral Scheme

VAT Deferral Scheme Have you joined the new VAT payment deferral scheme? Following a recent announcement by HMRC, it is no longer business as usual. It instigates that millions of taxpayers who deferred VAT payments in 2020 can…

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Business After Brexit

Business after Brexit

Business after Brexit For the last couple of years, there was uncertainty over the Brexit deal. Well, the confusion is now over as it is here with us. What now? Is it business as usual? Small to medium-sized…

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