In the ever-changing business landscape that we see today, merely reacting to events as they occur is not enough. For your small business to thrive, you must be proactive – anticipating future trends, challenges, and opportunities. Planning and executing financial strategies ahead ...
READ MOREWhether you are the owner of a limited company or a sole trader, it is important to understand the expenses you can claim and the tax savings that these expenses bring. Allowable expenses can significantly reduce the amount of Corporation Tax ...
READ MOREExiting a business is a significant milestone for any entrepreneur or business owner. Ensuring a smooth and successful exit is the best thing you can do for your business and will give you peace of mind as you depart. But what steps ...
READ MOREThe Construction Industry Scheme (CIS) is a Government initiative that allows contractors in the construction industry to deduct money from a subcontractor’s payments and pass it on to HM Revenue & Customs (HMRC). These deductions count as advance payments towards a ...
READ MOREAs an owner or director, it may be possible for you to pay less tax on your income from your company through dividends. Dividends are a portion of a company’s profits and can be paid out to directors and owners depending ...
READ MOREAre you a company director contemplating a loan from your own business? If yes, it's crucial to understand the workings behind the Director's Loan Account (DLA) and the implications of an overdrawn director’s loan account (ODLA). Director’s Loan Account A DLA is ...
READ MOREMany businesses across the UK have been financially affected by the cost-of-living crisis and the rise in inflation and have also suffered from the fallout of Covid-19 loan schemes and companies’ failure to make repayments. While it is not all doom ...
READ MOREThe Government has recently announced an extension to the deadline for individuals to pay voluntary National Insurance contributions (NICs), in a move that will benefit thousands of people across the country. The original deadline of 31 July 2023 has now been ...
READ MOREHM Revenue & Customs (HMRC) have recently confirmed that businesses that owe less than VAT £20,000 can now set up a payment plan online. The measure, which came into effect on 31 May 2023, is part of a wider project from ...
READ MORESeveral significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance. These changes affect the amount of tax-free contributions individuals in the UK can make towards their pensions, which may have ...
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