The impact of the new...
Increases to National Insurance contributions (NICs) are on the way. But do you know the full implications for you and your business? We’ve got the lowdown You’ll no doubt have seen the news of a rise in both…
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…
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…
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…
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…
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…
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…
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,…
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),…
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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