Working from home has become far more common. There are expenses and tax reliefs that can be claimed in this situation…
From 6 April 2026, people with trading/property income over £50,000 per annum must keep records and report information digitally to HMRC.
Do you know how to set out a balance sheet, what vital information it should contain, and how best to use it?
Here are some relatively simple calculations you can do yourself to get a quick diagnostic check on your business…
This article will cover some profit and loss statement basics, as well as exploring what this information can tell you…
On 26 March, Chancellor Rachel Reeves revealed her Spring Statement, outlining the government’s plans for the economy. Read our summary…
From 6 April 2025, income and gains from a Furnished Holiday Let will form part of a property business, affecting tax reliefs and allowances.
Read our summary of some of the changes contained in the Autumn Budget 2024 and how they might affect you or your organisation…
There could be changes to the Capital Gains Tax system in the Autumn Budget 2024. Find out what reliefs are currently available!
If you’re starting a new business, it’s vital you understand the financial and legal pros and cons the different structures offer.
There is a new scam letter targeting businesses, requesting taxpayers ‘verify’ their financial information via email.
HMRC has launched a quick digital tool, so businesses can estimate how registering for VAT might affect them.
The King’s Speech focused strongly on creating a stable economic environment, but what will this practically mean for businesses?
Your cash position is related not just to what you currently have, but what others owe you and you owe others. Here’s how to improve it…
For your business, a new government brings about a period of uncertainty. Consider how you can prepare to manage this transition and succeed…
From 6 April 2026, people with yearly trading/property income over £50,000 must move to a digital system to record and declare information.
A director can decide how much and by what means they extract the profit from their business by balancing salary and dividends.
Read our summary of the Spring Budget 2024, with changes to National Insurance, Child Benefit and second homes…
Conducting year-end work can be difficult to prioritise. Read through our ten strategies that can make your year-end process a more seamless.
From January 2025, digital platforms such as eBay, Airbnb, Etsy and Vinted will have to routinely collect and report sellers’ income to HMRC.
These are relevant dates and potential penalties for self-assessment returns, alongside possible options if you can’t meet the deadlines.
Here are the tax implications relevant to providing a gift/event to best please your employees, whilst also being financially sensible.
Sole traders & partnerships: If your year-end is not 31 March or 5 April, HMRC is changing how it will assess your profits.
If you’re considering using a piece of cloud-based accounting software, such as Xero, QuickBooks, or Sage, then it’s important you understand what each option can offer you. What follows are some worthwhile considerations…
