Deferred tax is the accumulation of taxes that are not paid or deducted during a current tax period but are instead deferred to future periods. It is calculated on business […] more»
Small businesses come in all shapes and sizes. In the UK alone, there are close to 6 million of them. There are sole traders, limited companies, and partnerships. But what […] more»
For 100s of years, working from home has been a norm for many people. As we are all aware, with the current global ‘new normal’, we have much more Work […] more»
With the new tax year in full swing, chief FreeAgent accountant, Emily Coltman, explains the most important tax changes for this coming 2018/19 tax year you need to know about if you run a small business. more»
New legislation to repeal so-called 'staircase tax? has been announced by the government, with a promise of backdated payments to affected business owners. more»
The chief executive of leading business rates agency CVS has urged the government to step in and change the proposed staircase tax legislation, which has so far proved unpopular with small business owners. more»
Small business owners who take credit and debit card payments may be able to take advantage of a new HMRC amnesty scheme if theyve made tax oversights in the past. more»
Only a third of small UK business owners believe HMRC applies penalties and sanctions equally on those breaking the law, as new survey findings suggest the tax office is failing to demonstrate tax fairness. more»
Here, our tax expert Emily Coltman gives her top tip for the one thing you should change to make running your business finances easier a second bank account. more»
HMRC has begun to distribute invitations for a Making Tax Digital pilot, giving a small number of business owners the chance to road-test the incoming system. more»
