Tax might be inevitable, but it’s also pretty confusing at times. Find out how and when you need to pay tax in your business, what tax relief and allowances are available, and discover tips and advice to help you keep good financial records quickly and easily.
There’s always lots to do and plan when you’re running a business, but taking care of your tax return shouldn’t be near the end of the list. That’s right – we said it – the Self Assessment deadline is never more than 12 months away, so getting your finances records ready will help. It’s a…
Why has the government introduced Making Tax Digital for VAT? HMRC have issued VAT notice 700 / 22 (Making Tax Digital for VAT) so that accountants and businesses will be able to efficiently file and preserve records digitally going forward. The modernised process, will comply with the legal requirement of submitting VAT records using software,…
An audit is an investigation carried out by HMRC to ensure that a company is tax compliant. It’s often a long, disruptive and stressful process where investigators run through all your financial information looking for errors or evidence of fraudulent behaviour….
The Financial Secretary, David Gauke, has outlined plans to make it easier for SMEs to understand and claim R&D tax relief….
If the phrases ‘tax deadline’ and ‘tax season’ send shudders down your spine, you’re definitely not alone. The comic-strip stereotype of the worn out business person sat at their desk, peering over a mountain of dusty paperwork becomes a painful reality for most of us when the deadline approaches. However, there are a few simple…
