More time to pay back deferred VAT and Tax
At the start of the pandemic, VAT registered businesses were given the option of deferring payment of any VAT that fell due in the period
At the start of the pandemic, VAT registered businesses were given the option of deferring payment of any VAT that fell due in the period
Following the Prime Minister’s announcement that England will enter a national lockdown from 5 November 2020 to 2 December 2020, the Coronavirus Job Retention Scheme,
Small business accountant – Why do you need an accountant? How to choose a small business accountant? Where should you start? We hope that this
The annual investment allowance (AIA) was increased from its usual level of £200,000 to £1 million for the two-year period from 1 January 2019 to
The National Insurance employment allowance enables eligible employers to reduce the amount of employer’s National Insurance that they pay over to HMRC. The allowance, which
At the start of lockdown, the Government announced a number of measures to help businesses weather the pandemic. One of those measures was the option
Before the Government U-turn, many employees had started to return to office-based jobs. Where the employee had previously worked from home and had been provided
In June 2020, the Government announced that it was making funding available to customs intermediaries and businesses to help increase their capacity to make customs
The growth of accountancy as a division has exponentially increased over time. This is predominantly because the reason that they need to have proper bookkeeping
Accounting tends to be one of the most crucial factors for any business. This is essential because of the reason that this particular business function
As soon as you start a venture, you’ve to journalize transactions. Whether it’s sales, purchases, salary payments, expenses, or other items, keeping accurate records is
Tax-free childcare update HMRC have recently run a campaign to remind people that they could be missing out on up to £2,000 per child, per
Tax credits – do I have to tell HMRC if my circumstances change? Tax credits are benefit payments that are paid to people in work
Government childcare scheme – tax-free top-up Working parents can receive a tax-free top up from the Government to help with their childcare costs. The top
Electricity for electric cars – a tax-free benefit The Government is keen to encourage drivers to make environmentally friendly choices when it comes to choosing
Entrepreneurs’ relief is intended to reduce the rate of capital gains tax to a flat rate of 10% on certain qualifying business disposals. Certain aspects
An increase in the minimum contributions employers and their staff must pay into their automatic enrolment workplace pension scheme took effect from 6 April 2019.
To ensure that you pay the correct amount of tax and file correct tax returns with HMRC, it is vital that you keep complete and
In a personal or family company, the lines between the directors as individuals and the company are often blurred – the director may lend money
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