Blog
How businesses can navigate and avoid tax disputes with HMRC
Aug 01, 2023
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted ...
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Beneficiaries could see inherited pensions taxed as new proposals by HMRC are published
Jul 27, 2023
Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income Tax if it is under the Lifetime Allowance (LTA). But HM Revenue & Customs ...
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HM Revenue & Customs pledge £5.5 million to support customers
Jul 25, 2023
HM Revenue & Customs (HMRC) has recently stated that they will pledge £5.5 million to organisations who are in the voluntary and community sectors to help support customers organise their taxes. The last voluntary or community sector organisation (VCS) grant was ...
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Understanding ESG investments – What should you know?
Jul 20, 2023
The financial landscape in the UK, as well as globally, is in a constant state of change. The current focus is very much based around Environmental, Social, and Governance (ESG) investments. The growing worldwide concern for climate change, social justice, and corporate ...
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How businesses can tackle late payments while preserving business relationships
Jul 18, 2023
There can be nothing more frustrating for business owners than waiting on payments from clients. Unfortunately, these instances happen frequently, and while some payments will come in only a few days late, other payments can take a lot longer and will ...
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Ensuring your small business is prepared for the future
Jul 13, 2023
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 ...
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What expenses can limited companies and sole traders claim?
Jul 11, 2023
Whether 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 ...
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Exit strategies – What should you consider for when the time comes?
Jul 06, 2023
Exiting 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 ...
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An overview of the Construction Industry Scheme and what it means for your business
Jul 05, 2023
The 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 ...
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Understanding salary and dividend payments for business owners and directors
Jun 29, 2023
As 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 ...
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