Making Tax Digital – Your questions, answered
Making Tax Digital (MTD) is designed to simplify the tax process for business owners.
Category Business
Government to change tax law twice before election – How to prepare
The Chair of the Conservatives, Richard Holden, has said that there could be two more changes to UK tax law before the election – which is expected to be called in the latter part of this year.
Attention UK Taxpayers – do you understand the 500T tax code?
The 500T tax code in the UK is a temporary, non-cumulative code used by HMRC when they lack information.
Going green – The financial benefits of investing in a cleaner future
As a small business owner, embracing environmentally friendly practices not only supports a sustainable planet but can also unlock significant financial benefits for your business.
So, you want an electric company car? The tax perspective
Environmental consciousness is becoming more and more aligned with business operations, and electric vehicles (EVs) are becoming a popular choice for company cars as a result.
Here’s how you can boost your SME’s efficiency and beat rising costs in 2024
If you’re concerned about how rising costs will impact your SME, you’re not alone.
Working remotely – What are the tax implications?
Working remotely has increased since the Covid pandemic, with 12.7 per cent of employees now working full-time from home in 2023.
Allowable business expenses – simple ways to save money
As a business owner, you are probably aware of some of the expenses that you could claim back on in your yearly Self-Assessment tax return.
What SMEs can do in the event of a recession
While the end of 2023 saw inflation slow down, experts have warned that the chances of a recession in the coming months are more likely.
Tightening the reins on ‘side hustles’ – Navigating HMRC’s new powers
HM Revenue & Customs (HMRC) is now using new powers granted to them by the Government to target a key area of tax evasion – online traders.