Business News

27 March 2023

Avoid stress and prepare for payroll year-end

It is that stressful time of year again with the payroll year-end fast approaching. Payroll year-end ties in with the tax year-end, which is 5 April.

15 March 2023

Spring Budget 2023

Just a few days short of the third anniversary of the first Covid lockdown, Chancellor Jeremy Hunt rose to the Despatch Box to deliver the first

27 February 2023

Avoid these costly VAT mistakes

Small business owners need to take measures to avoid costly mistakes when it comes to calculating, reporting and paying Value Added Tax (VAT). The best way

27 February 2023

What you should include in a business plan

Business plans provide goals to work towards, help identify potential problems, give insight into competitors, and highlight potential opportunities. A great business plan should include a

27 February 2023

MTD for ITSA is delayed. Should you still go ahead with cloud accounting?

Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) will now come into effect in April 2026 for businesses, self-employed individuals, and landlords with gross business and/or property

27 February 2023

How can you achieve taxation ‘quick wins’ before the end of the tax year

With the end of the tax year fast approaching on 5 April, it makes sense to assess your tax situation and make use of the reliefs

27 February 2023

Taxation planning should be an ongoing process, not just pre-Budget

With the Spring Budget looming in March, it is easy to be tempted to delay tax planning until afterwards in hopes of favourable tax cuts. However,

27 February 2023

Think about the support you need for your business

Your business may be sailing along quite nicely, or it may be struggling with the effects of shortages, rising prices and an energy crisis. In both

17 January 2023

A new VAT penalty system is now in effect

A major overhaul of VAT penalties came into effect on 1 January 2023. This new approach changes how penalties are applied, as well as how interest

17 January 2023

Understanding and improving your balance sheet

Keeping on top of your business’s financial health is critical to its success. A great place to start is by understanding what a balance sheet is

17 January 2023

Should I take a salary or dividends as a small business owner?

If you own a small business and are also a shareholder director, you may be wondering whether to take a salary or dividends. When it comes

17 January 2023

Tax considerations for gifting to grandchildren in the UK

For many individuals in the UK, gifting to grandchildren can be a great way to reduce their tax burden. But before entering into any gifting arrangement,