Tax - Concept Accountancy

Sep 25

What is business compliance?

By Mark Advice, Limited company, Tax

When you own a limited company in the UK, you need to understand business compliance. It doesn’t matter if you’re the sole director of your company or one of a…

Sep 25

Love0

Should you outsource payroll?

By Mark Accountancy software, Advice, Tax

Payroll is a task for businesses using Pay As You Earn – but have our ever wondered whether to outsource payroll for your business? Outsourcing helps your business grow as…

Sep 25

Love0

What is tax planning, avoidance and evasion?

By Mark Advice, HMRC, Self-assessment, Tax

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…

May 18

Love0

When can I use Business Asset Disposal Relief?

By Mark Advice, Company Directors, Limited company, Tax

Business Asset Disposal Relief is a kind of tax relief which allows company directors reduce Capital Gains Tax after disposing of an asset. Capital Gains Tax (or CGT) is a…

Apr 13

Love0

What is the VAT bad debt relief scheme?

By Mark Advice, Tax

The VAT bad debt relief scheme is welcome for many business owners but not everyone knows about it! In these current economic times, it’s sad to see that business insolvencies…

Sep 25

Love0

How to submit a VAT return

By Mark Advice, HMRC, Tax

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,…

Sep 25

Love0

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

Love0

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

Love0

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

Love0

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…

Tax30

What is business compliance?

Should you outsource payroll?

What is tax planning, avoidance and evasion?

When can I use Business Asset Disposal Relief?

What is the VAT bad debt relief scheme?

How to submit a VAT return

Making Tax Digital for the self-employed delayed again!

Are you aware of new penalties for late VAT returns?

What happens if I don’t register to VAT?

What you need to know about Capital Gains Tax

Concept Categories

Recent Posts