If you have any outstanding tax bills with HMRC, but know that you will have difficulties paying any or all of the amount that is owed, you must contact HMRC […] more»

Accountants have been increasingly successful in persuading SMEs to reforecast their financial performance in the second half of 2020, according to the year-end results of the ACCA and The Corporate Finance Network (The CFN) SME Recovery Tracker. more»

How do you stay on the right side of HMRC if you're struggling to pay your tax bill? Karen Pearson has all the answers surrounding business tax liabilities more»

How to take advantage of trivial benefits in 4 steps. more»

VAT is added to the cost of pretty much everything you can buy in the UK. If you run a business, you may be required to register for and collect VAT on behalf of the Government. Find out how it works in this quick guide. more»

At a glance, the difference between a sole trader and a limited company is that the latter is its own legal entity, and the liability of owners or shareholders is therefore limited as a result. more»

Over a million business owners are yet to register for Making Tax Digital, a Freedom of Information request has revealed, as HMRC's significant legislative change approaches. more»

The tax office is urging business owners to make the right preparations to ensure they can continue trading in and out of Europe. more»

Software provider MTDfVAT has produced five top tips on how to best prepare for this revolutionary change within HMRC. more»

HMRC has written to 145, 000 UK businesses trading with EU nations clarifying simplified importing procedures should Britain leave the EU without a deal. more»