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…
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CONCEPT BLOG
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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…
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…
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…
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…
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…
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…
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,…
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…
