Mark

Sep 25

The difference between financial forecasting and budgeting

By Mark Advice, Cash flow

When running a business, understanding the difference between financial forecasting and budgeting is essential. Get it wrong, and you could end up putting your business at risk. Here is all…

Sep 25

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Making Tax Digital for the self-employed delayed again!

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

Plans to introduce Making Tax Digital for the self-employed and those filing self-assessment have been pushed back two years. And the threshold for those who must file their accounts digitally…

Sep 23

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How to tell customers you are raising prices

By Mark Advice

Rising inflation means prices are rising and your business’s costs are also increasing. So, maybe it’s time to increase your prices?Earlier this year, we looked at the cost of living…

Sep 23

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HMRC made a mistake, what should I do?

By Mark Advice, HMRC

Mistakes are easy to make, especially when it comes to looking after your business finances. Hitting the wrong key when inputting data is easy to do! And it’s not just…

Sep 23

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How new business rates from April 2023 affect you

By Mark Advice, News

While the focus of the Chancellor’s autumn statement was on taxes, new business rates from April 2023 were largely overlooked. The reality is there will be winners and losers! For…

Sep 23

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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…

The difference between financial forecasting and budgeting

Making Tax Digital for the self-employed delayed again!

How to tell customers you are raising prices

HMRC made a mistake, what should I do?

How new business rates from April 2023 affect you

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

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