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Catch up on the latest news in accounting here, from cutting edge bookkeeping technology to self-assessment updates.
Claiming tax relief on business insurance
If you are self-employed, you may be able to claim tax relief on certain business insurance costs as an allowable ...
Are you using the best VAT scheme for your business?
Small businesses have several VAT schemes available that can simplify VAT administration and may help with cash flow. However, as ...
Is HMRC holding money that belongs to you?
It is important to know if HMRC is holding money that belongs to you. For example, if you have paid ...
Advising HMRC of change in circumstances
If your personal details or circumstances change, you may need to tell HMRC as this could affect your tax position ...
Self-Employed – Are your business records in order?
As a self-employed individual, whether a sole trader or partner, you must keep accurate records of your business income and ...
Does your business need to register as an employer?
If you are starting to employ staff or engaging subcontractors for construction work, you will generally need to register as ...
Don’t let discrimination lead to resignation or risk facing career compensation
A recent ruling has cleared the path to uncapped financial compensation following a forced resignation. A longstanding social worker had ...
Could new VAT rules change how you sell online?
The Government has launched a consultation on proposals that could significantly change the way VAT is collected on goods sold ...
Has a pay rise quietly increased your tax bill?
Many employees and business owners have welcomed higher earnings over the past few years. However, for a growing number of ...
Do you know who must register for VAT?
Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to ...
When does a hobby become a taxable business?
Not every hobby becomes a taxable business, but it is important to be aware when this can happen. This can ...
Could your business recover more VAT?
If your business is VAT registered, you can usually reclaim VAT on many of the goods and services you buy ...
Is your spouse paying more tax than necessary?
Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each person has their own annual ...
Could you claim tax relief for property repairs?
Property owners often incur costs for repairs, and understanding which costs can be deducted is important when calculating taxable property ...
Are you maximising tax relief on company losses?
If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability ...
Could your business survive a cyber attack?
Cyber-crime is no longer a problem faced only by large organisations. Small businesses are increasingly being targeted because criminals often ...
Five ways AI can save you hours every week
Artificial intelligence (AI) is no longer just for large organisations. Many small businesses are now using affordable AI tools to ...
Making Tax Digital: Are you ready for your first quarterly deadline?
If you are already registered for Making Tax Digital (MTD) for Income Tax, it is important to ensure you are ...