The economic impact of Covid and Brexit means the Government will be raising taxes in the recovery effort and savers must manage a higher tax bill while dealing with other financial concerns, which can quickly become a stressful process. Tax expert, Max Porter, offers advice on what to expect and how to handle your taxes in the coming year. more»
Software for Making Tax Digital is designed to make keeping your books easier. The HMRC initiative requires that companies keep digital records and submit VAT returns digitally, using HMRC recognised software. We've summarised six of the best options for small businesses, freelancers and contractors. more»
Research and Development tax relief has been in the spotlight during recent years, but many businesses remain unaware of the extra benefits this tax allowance can deliver. Specialist R&D and Capital Allowance expert, Terry Cheesman, explains more. more»
Business rates are the business property equivalent of council tax on domestic properties. Some businesses are exempt from having to pay, yet many business owners don't even know they may be eligible for rates relief. more»
As of April 6, 2020, stricter measures to combat tax avoidance for freelancers will come into force in the UK. The new IR35 rules mean the country's medium to large businesses are responsible for setting the tax status of all their contractors. more»
Does anyone ever enjoy doing their taxes? Unless you’re an accountant, the answer is probably no. However, accountant or not, as the owner of a small business, the tax burden […] more»
A retrospective tax on self-employed individuals who made use of alternative remuneration schemes will now be reviewed by the Treasury, following a key amendment to incoming legislation. more»
Retailers suffered a September sales slowdown prompting the industry to call for an urgent reduction in detrimental tax rates and clarity over Brexit. more»
Eamonn Holmes, host of ITV's This Morning, revealed last weekend he is embroiled in a tax battle with HMRC that experts claim could cost him up to 2m. more»
Investing in automation for the accounting side of your small business offers considerable opportunity to improve cash flow and growth potential: cutting down on the hidden costs of old processes and inefficiencies. more»
