We will all be familiar with the saying ” nothing is certain but death and taxes”. As any business owner knows, it’s stressful enough running your own business so it’s crucial to have an expert to hand when it comes to tax matters.
For Business Advice, Iwill be tackling the nitty-gritty issues of tax and administration including getting the basics right for your year-end tax return, how to deal with the new online tax return, where do many small businesses go wrong when it comes to filing and reporting tax matters and what should you do if you face a tax investigation from HMRC.
Tax and VAT is enough to send business owners into a cold-sweat or worse still denial that they have to do anything about it. The key is in the planning and also being aware of exactly what information you will need to present so there’s not a last minute panic. In being prepared and doing some up front planning, you can also make a real difference to your bottom line tax bill.
Stephanie Levin is a partner at audit, accountancy, outsourcing and business advisory practice Shelley Stock Hutter, having first joined the firm as a manager in 2010. She has developed experience of working with both startup and SME-stage businesses, helping with factors such as establishing the right corporate structure, VAT registration, payroll and remuneration packages. She has also worked in a senior finance position for the medical insurance company Bupa.