Tax might be inevitable, but it’s also pretty confusing at times. Find out how and when you need to pay tax in your business, what tax relief and allowances are available, and discover tips and advice to help you keep good financial records quickly and easily.
Have you ever noticed the way that far-off deadlines suddenly speed up their approach when you’re not looking? They can be quite sneaky like that. When important dates seem like a problem for future you, it’s all too easy to put things off, forget all about them, and then be left scrambling at the last…
Bridging software allows businesses to link their financial records to HMRC in a way which complies with Making Tax Digital rules. Quite literally, it ‘bridges’ the gap between non-compatible records (such as spreadsheets), and HMRC. Making Tax Digital: A quick rundown Though Making Tax Digital compliance can still send a shiver up the spine…
We all pay VAT on most of the items or services we purchase. If you run a business, then you may also need to become involved in the VAT system as a collector. It sounds confusing (to be honest it sometimes can be), so we’ll use this article to “bust the jargon” surrounding VAT. We’ll…
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is going to transform the way landlords and business owners report what they earn to HMRC. Despite the confusing acronyms, it’s vital that business owners and landlords familiarise themselves with Making Tax Digital and what it means for them, so they can be fully compliant…
Recording dividends in your accounts is a fairly easy process, but because many companies only declare them once a year people rarely get to experience how the transaction works. So, to help you with declaring dividends and getting your bookkeeping right, we are looking at: What are dividends? Making the decision to pay a…
