In a new initiative designed to reduce paper use and unnecessary confusion, HM Revenue & Customs (HMRC) has announced a significant change to the way that taxpayers are notified of a repayment. From 8 April 2024, HMRC will no longer send ...
READ MOREFor many business owners, taking out a business loan can be a great option for securing extra funds. Unlike personal loans, business loans are usually much larger as they are secured against more valuable business assets. Repayment lengths can also largely ...
READ MOREApril Fool’s Day, a time of jokes and jests, may have been and gone... But it just so happens that April Fool’s Day falls just before the start of the new tax year (6 April) when numerous businesses will be targeted ...
READ MORETax efficiency is one of the major deciding factors between different types of companies, particularly for growing businesses which need to minimise costs. A partnership is one of three main company types that you might choose from, in which two or ...
READ MOREWriting a business plan should be one of your first steps when starting your business. If you have a business without a plan, it’s not too late to make one! In short, a business plan should set out everything about your ...
READ MOREWith 5 April fast approaching, the pressure is on to make sure that you’ve used all capital allowances available to you in this tax year to reduce your tax bill. For business owners, there are a number of tax reliefs you ...
READ MOREIf you are an owner of a small to medium-sized enterprise (SME), it is essential to consider the benefits of having a professional accountant. Engaging with an accountant can significantly enhance your SME’s prospects by providing expert financial advice and managing ...
READ MOREInvesting in Environmental, Social and Governance objectives (ESG) and sustainability is becoming more popular for business owners at every level. However, overhauling business processes and purchasing new, greener assets can present a significant cost to SMEs and businesses without large cash ...
READ MOREThe Employment Allowance is a means for SMEs to reduce the tax burden of employing staff at critical points in their growth and help avoid cash flow crises, via a reduction in National Insurance Contributions (NICs). What is the Employment Allowance? The ...
READ MOREHMRC surprised all taxpayers who own a double cab pickup as a company vehicle on 12 February by announcing that these vehicles would be classified as cars and not vans, which would have led to higher National Insurance Contributions (NICs) ...
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