News

News

Image
March 17, 2023

New VAT penalties and interest payments


Categories:

A new points-based penalties regime will impact businesses who submit their VAT returns or pay their VAT late.

Read More
Image
March 15, 2023

Spring Budget 2023


Categories:

Falling energy prices and higher-than-expected tax revenues mean that the outlook for Mr Hunt’s Spring Budget was a little less bleak than expected. However, did the Chancellor announce any good news for businesses in this Budget?

Read More
inflation puzzle
March 13, 2023

The inflation puzzle of 2022


Categories:

2022 inflation was 10.5% with varied components. With end of 2023 predictions of around 5%, any financial planning needs to consider its value-eroding effects.

Read More
hmrc app
March 6, 2023

21st century Revenue – HMRC app and new texting service


Categories:

HMRC’s app was launched a year ago and is gaining in popularity as it is being used to pay self-assessment tax bills.

Read More
Tax warnings
February 27, 2023

Tax warnings for online sellers, influencers and content creators


Categories:

HMRC’s latest wave of ‘nudge letters’ has been targeted at online sellers, influencers and content creators warning them that they may not have paid enough tax.

Read More
Image
February 20, 2023

Profit withdrawal changes for 2023/24


Categories:

Owner-managers have historically benefited by withdrawing profits by way of dividends. However, tax changes taking effect from April 2023 will mean this approach may no longer be such an attractive option.

Read More
energy bill support scheme
February 13, 2023

New energy bill support scheme for businesses


Categories:

A new business energy bill support scheme is set to run from 1 April 2023 to 31 March 2024 but will be less generous than the scheme currently in effect.

Read More
Company Cars
February 3, 2023

Company cars: not-so-free fuel


Categories:

If your employer pays for the fuel in your company cars, it may cost you more than you expected.

Read More
Tax implications for parents
January 27, 2023

Tax implications for the bank of mum and dad


Categories:

With property prices expected to fall during 2023, parents may be thinking about getting their children onto the property ladder. However, although help with a deposit does not raise that many tax issues, joint ownership can have expensive tax implications.

Read More
Making Tax Digital Delayed
January 20, 2023

Making Tax Digital delayed once more


Categories:

Making Tax Digital delayed once again by the government until April 2026, putting more pressure on the self-employed and landlords already facing a challenging economic environment.

Read More
associated company rules changing
January 13, 2023

Associated company rules changing the 1st April


Categories:

Small company owners should by now be aware of the corporation tax changes taking effect from 1 April 2023, but with the associated company rules changing at the same time, don’t be caught off guard.

Read More
Business Rates
December 28, 2022

Business rates revaluation in 2023


Categories:

From 1 April 2023, business rates in England and Wales will be updated to reflect changes in property values since the last revaluation in 2017. Although many businesses will see increased bills, others will see reductions. A package of targeted support will help with the transition.

Read More

Search by