Reporting self-employed profits 2023-24
The basis of assessment reforms will change the way trading income is allocated to tax years. The changes will affect...
Tax Diary November/December 2023
1 November 2023 – Due date for Corporation Tax due for the year ended 31 January 2023. 19 November 2023...
Management accounting provides benefits in difficult times
In the ever-changing economic landscape, business owners are constantly faced with challenges that can impact the financial health of their...
Meeting the challenges of a high-interest environment
Navigating the challenges of a high-interest rate environment can be tough for businesses, but it's not impossible. While rising interest...
Registering for VAT? Time to go online
HM Revenue and Customs (HMRC) has revamped its VAT registration process, prioritising digital applications for businesses and agents. Starting from...
Change of heart over new company reporting proposals
The Government has withdrawn draft regulations for company reporting after consultation with businesses raised concerns about imposing additional requirements. Instead,...
Question of the day -Why does tax year start on April 6?
If you have ever stopped to ask yourself, why does the tax year start on April 6, you are definitely...
FSCS provides confidence when headlines are negative
When a bank hits the headlines, it isn’t usually for good reasons. Such is the case for Metro Bank which...
Tougher measures to support small businesses in battle against late payments
Tougher measures to address late payments to small businesses have been announced by the Government. In 2022, SMEs were owed,...
Major increase to National Living Wage and its impacts
Two million people will receive a pay rise next year when the National Living Wage increases to at least £11...