Sep 23, 2022 | Covid-19, Expenses, FAQ, Information, News, Tips, Vat
All deferred VAT payments should have been dealt with by now, but HMRC has flagged in its latest bulletin for August that if your business is one of those that still has not managed to complete the payments that have been delayed, then you could be facing a penalty....
Sep 5, 2022 | Business Start Ups, Expenses, Information, News, PAYE, Tips
Dealing with PAYE is one of the main roles of any accounts department, and HMRC has been busy in this area over the past month, meaning there is plenty for businesses to know for the months ahead. One of the most pressing issues is that PAYE Settlement Agreements are...
Aug 22, 2022 | Business Start Ups, Expenses, FAQ, Information, Misc, News, Tips
Inflation is a word on many of our lips at the moment as the cost-of-living crisis continues unabated. While the headline rate of inflation – which hit 9.4% in June this year – relates to the average inflation rate suffered by individuals living in the UK, the actual...
Jul 25, 2022 | Business Start Ups, Expenses, FAQ, Information, Tips
If your business has spent money on plant and machinery and it is subject to corporation tax, then it may qualify for a super deduction which is a temporary allowance you do not want to miss. Qualifying purchases will need to have been made between April 1, 2021, and...
Jul 4, 2022 | Expenses, FAQ, Information, Misc, Tips
International trading is something many businesses are involved in, whether it’s because you are selling your good or services abroad or buying raw materials in from overseas to help with manufacturing. Either way, exposing yourself and your business to currency risk...
Jun 27, 2022 | Business Start Ups, Expenses, FAQ, Information, Making Tax Digital, Misc, News, Tax, Tips
If you are unlucky enough to be fined for a late filing, then the way in which any appeal can be made changed as of May 7. Prior to this, HMRC had temporarily reintroduced the ability to bulk appeal late filing penalties for income tax in 2020 and 2021. But from now...
