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 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.
For your business, a new government brings about a period of uncertainty. Consider how you can prepare to manage this transition and succeed…
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.
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…
Have you increased the value of your goods, supplies or labour, to maintain your profit margins? If so, and you are not already registered for VAT, you will need to keep a close eye on your turnover. You might go over the VAT threshold without realising it.
For a round-up of what the Spring Budget contained and how this might affect you, please read our summary of some of the major changes.
If not, but you are voluntarily registered for VAT because your annual turnover is below £85,000, you will need to sign up for MTD
Currently, VAT registered businesses with a taxable turnover of more than £85,000 must follow the rules for ‘Making Tax Digital for VAT’ (MTD) by
The rules for deciding whether a gift given in the course of business is deductible are complex. The rules for business gifts generally follow
For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that businesses must consider where
It is well over a month since the implementation of a full border between the UK and the EU. Because of the pandemic, trade
INTRODUCTION New VAT rules are due to come into effect from March 2021 which will impact on accounting for VAT for transactions in the
With Burton Sweet taking care of his finances, this meant Simon could focus on his real passion, so he felt confident everything was in hand.
Managing your accounts, tax returns and VAT can be difficult. Our services aim to keep things simple, so you can focus on what you’re best at.
We support limited companies from a range of sizes, sectors and situations, so they can make the correct decisions, as supported by the data.
The services we offer are well suited to the needs of solicitors, so they can best run their practice and look after their clients.
A voluntary VAT deregistration can be made if you do not expect your taxable turnover to exceed the VAT deregistration limit. The current deregistration limit is £83,000.
If you are running a small business that has been adversely affected by
Whilst the majority of businesses charge VAT at the standard rate of 20% there are a number of different VAT rates and exemptions that businesses should be aware. There are actually three separate VAT rates, the standard rate of 20%, the reduced rate
