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…
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…
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…
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,…
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…
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…
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…
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 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…