Self-Assessment taxpayers warned of next payment deadline
Mar 01, 2023
Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent. HM Revenue & Customs (HMRC) will automatically add a penalty to your tax bill equal to five per cent of the Self-Assessment tax you owe for 2021/22 ...
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Tips for preventing late payments as a small business
Feb 28, 2023
Small businesses saw a sharp increase in the length of time clients took to pay their invoices last month, according to data from accounting software Xero. The amount of time businesses had to wait for payment in January rose by 0.6 ...
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The VAT filing deadline is approaching: How to get prepared
Feb 23, 2023
It’s important to stay up to date with the latest regulations and requirements related to taxes, including Value Added Tax (VAT) to avoid penalties. HM Revenue & Customs (HMRC) recently reminded businesses about new VAT penalties and interest payments ahead of ...
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10 Common Accounting Terms, Explained
Feb 21, 2023
Having general accounting knowledge is crucial for any business owner, especially during tax season. Understanding common accounting terms is highly beneficial, as you will identify how they relate to your business and how it is performing. To help, we have compiled ...
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What do you need to know about Inheritance Tax?
Feb 17, 2023
Are you thinking about the tax implications of your estate and what this could mean for your loved ones after you pass? If you have a high value estate, this could impact your beneficiaries significantly as they may not be able ...
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Time is running out to check your National Insurance record
Feb 14, 2023
Are you planning on claiming the UK state pension? You must check your National Insurance (NI) record before 5 April 2023. Are you eligible for the UK state pension? To be eligible for the maximum ‘new state pension’, you must have 35 ...
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How can you deal with VAT return errors?
Feb 09, 2023
If you are running a business, handling VAT returns can be complex. You may have submitted returns with errors previously if you were unsure of what to do and could be at risk of further investigation or fines from HM ...
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Top tips for starting a hospitality business
Feb 07, 2023
Are you hoping to run a successful start-up in the hospitality sector? As an ever-changing and competitive market, the road to success is often paved with challenges, requiring a considerable amount of time, patience, and hard work. Be clear about your goals From ...
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Ready to make a move to the cloud – Find out how you can migrate smoothly
Feb 02, 2023
Cloud accounting offers many useful features that can help to save time and make your business more efficient. If you aren’t already using cloud accounting technology to advance your business, you should consider making the change. Following HM Revenue & Custom’s introduction ...
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What do I need to do when selling my business?
Jan 31, 2023
Selling a business in the UK can be an exciting journey for those looking for opportunities to expand their portfolio. From securing the best deal to navigating complex tax laws and regulations, it's important to plan ahead and secure expert advice ...
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