Mark

Sep 23

Are you aware of new penalties for late VAT returns?

By Mark Advice, HMRC, National Insurance, Tax

HMRC is introducing new penalties for late VAT returns from January 2023. The new rules also come as the way VAT is calculated changes. Changes to the VAT system are…

Sep 23

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Can I make pension contributions through a limited company?

By Mark Company Directors, Hacks, National Insurance

One of the few remaining tax breaks for limited companies are pension contributions. As a company director – and for any employees – it is worth considering taking advantage of…

Sep 23

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What happens if I don’t register to VAT?

By Mark Advice, Company Directors, Limited company, Tax

VAT must be paid on certain goods and services – which we’ve looked at before – but some people ask: What happens if you don’t register for VAT? You must register for…

Sep 23

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Do directors need to fill in self assessment forms?

By Mark Advice, Company Directors, Limited company, Self-assessment

There is often confusion around whether directors need to fill in self assessment forms. The simple answer is it depends! That may not appear to be helpful, but it really…

Sep 23

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What you need to know about Capital Gains Tax

By Mark Advice, HMRC, Tax

While Capital Gains Tax (CGT) sounds pretty obvious, it can often catch out some business owners, particularly sole traders. CGT is levied on profits made by individuals and trusts from…

Sep 23

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How does HMRC decide to investigate the self-employed?

By Mark Advice, HMRC, Self-assessment, Self-employed, Tax

Most people in business worry about the taxman looking into their affairs. But how does HMRC make the decision to investigate the self-employed? Investigating sole traders may appear to be…

Sep 23

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How can my business manage the cost of living crisis?

By Mark Advice, Cash flow, News, Uncategorized

As the cost of living crisis worsens business owners are asking: How can my business manage the cost of living crisis? While headlines focus on consumers and the rising cost…

Sep 23

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New employers PAYE by Direct Debit plan

By Mark Advice, News, Tax

Employers using PAYE can take advantage of a new variable Direct Debit payment plan from September 2022. At the moment, there’s a need to set up Direct Debits every month,…

Sep 23

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How do expenses and disbursements differ?

By Mark Advice, Business Expenses, Tax

VAT returns can lead to sleepless nights – especially when there are confusing differences such as expenses and disbursements. While many people class each expenditure as the same thing, the two…

Sep 23

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What you need to know about credit control

By Mark Advice, Cash flow

One of the biggest problems in business is getting paid – and that’s where credit control is essential. Too many business owners are so busy working on new products and…

Are you aware of new penalties for late VAT returns?

Can I make pension contributions through a limited company?

What happens if I don’t register to VAT?

Do directors need to fill in self assessment forms?

What you need to know about Capital Gains Tax

How does HMRC decide to investigate the self-employed?

How can my business manage the cost of living crisis?

New employers PAYE by Direct Debit plan

How do expenses and disbursements differ?

What you need to know about credit control

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