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.
Why has the government introduced Making Tax Digital for VAT? HMRC have issued VAT notice 700 / 22 (Making Tax Digital for VAT) so that accountants and businesses will be able to efficiently file and preserve records digitally going forward. The modernised process, will comply with the legal requirement of submitting VAT records using software,…
At this time of year most people are relaxing, wrapping gifts, listening to Cliff Richard and having a glass of mulled wine….
An audit is an investigation carried out by HMRC to ensure that a company is tax compliant. It’s often a long, disruptive and stressful process where investigators run through all your financial information looking for errors or evidence of fraudulent behaviour….
As a freelancer, it can be difficult to know what you can claim as a business expense and what is considered a private cost. When it comes to working from home, this can be especially tricky and hard to navigate….
With HMRC paying extra attention to the tax affairs of smaller businesses, there’s no better time to prepare for the worst….
