The thought of facing a HMRC tax investigation worries most business owners. But if you have been reporting your financial matters correctly, there’s nothing to fear. Of course, tax investigations…
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Tax refund companies who make refund claims on your behalf are at the centre of a warning by HMRC. HM Revenue and Customs this month launched a campaign to raise…
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Paying tax is no one’s favourite job – so many people do what they can to reduce their bill either with tax planning, avoidance and even evasion! Most taxpayers will…
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Once registered for Value Added Tax, business owners need to understand how to submit a VAT return. VAT is a complex process and can take up a lot of time,…
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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…
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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…
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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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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…
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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…
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As the government makes announcements months in advance it’s easy to forget the changes for your business faces. So you can be forgiven for overlooking or even forgetting deadlines until…
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