A business exit strategy is a plan for what will happen when you want to leave or pass over your business. it’s a plan you put in place to work out how you’re going to enter the new chapter of your life without hindrance and...
For those clients of ours, who are or looking to go VAT registered, this document details the basics of VAT, the different types of VAT schemes, and the benefits for your business. Making tax digital (MTD) came into effect in April 2022, this doesn't have to...
This month the Insider newsletter provides a summary of the following: LACK OF AWARENESS OF TAX LIABILITY AMONG CRYPTO INVESTORS HMRC: BUSINESSES DON’T THINK MTD APPLIES TO THEM SELF-EMPLOYED STRUGGLING WITH TAX OBLIGATIONS BANK OF ENGLAND FOCUSES ON RETURNING INFLATION TO THE 2% TARGET Our full report can be found here and...
As some of you may know, there are changes happening to National Insurance Contributions (NICs). From 6th July, these changes will come into effect with the NIC thresholds being amended, so that both the primary threshold and the lower profits limit rises from £9,880 to...
HMRC have recently announced new powers to investigate companies they suspect of evading taxes, most companies will be investigated at random, however, as long as companies have ensured that their accounts are kept up to date, there would be nothing to worry about.We have prepared...
This month the Insider newsletter provides a summary of the following: Government Overhauls Audit Regime National Insurance Threshold Increases Recovery Loan Scheme comes to an end Taxpayers not ready for Making Tax Digital Our full report can be found here and if you have any questions please do not hesitate to contact...
R&D tax credits were once a little known tax incentive for companies which invested in innovation, however, in recent years they are much more widely understood and used. They are still a remarkably effective way for innovative companies to get something extra back from the...
Like many the last couple of years, Businesses have had to rely on funding in one form or another to keep their operations running. If you are looking to secure funding but are unsure which would be best, we have compiled a short guide which details the...
This month the Insider newsletter provides a summary of the following: HMRC Raises Interest Rates on Late Tax Payments Work from Home Tax Relief may not be available in 2022/23 Bank of England Raises Interest Rate to 1% SMEs unprepared for MTD Rollout Our full report can be found here and if...
We have found more and more clients wanting to take up the opportunity to offer benefits to their employees, however, there have been questions on the best way to do this especially when this comes to the tax implications. You may want to look to...