For most fully taxable businesses, VAT can be reclaimed on goods and services used in the business. This means that businesses must consider where
You may recall that a new Plastic Packaging Tax was announced in the 2020 Budget. The legislation is now before Parliament so we have
Companies House has extended its online-only services to help prevent unauthorised company name changes. PROOF is a free service which lets you protect your
What is a multi-year contract? It’s simply a contract with your customer that lasts longer than one year and gives you both some financial
One of the most critical factors that determine the health of your cash flow is your customer payment terms and debtor days. Net 30
The success and long-term value of any business depend heavily on the relationships it builds with its customers. Therefore, your company’s most valuable asset
What is cross-selling One of the easiest and best ways to increase your business’s revenue and profitability is by cross-selling more services to your
The Employment Allowance enables eligible employers to reduce their National Insurance liability. The maximum allowance for the 2021-22 tax year is £4,000, or your total
The trivial benefits in kind (BiK) exemption applies to small non-cash benefits like a bottle of wine or a bouquet of flowers given occasionally
Most gifts made during a person’s lifetime are not subject to Inheritance Tax at the time of the gift. There’s usually no Inheritance Tax
There is usually no Capital Gains Tax (CGT) to be paid when you sell your main family residence (referred to by HMRC as private
As part of its “Plan for Jobs”, the government has now announced that, from 1 June 2021, employers of all sizes in England can
If your business goes through a tough period, it may be time to pivot your strategy. Necessity is the mother of all invention. Many
A thought-provoking question that has been asked by one of our readers is whether professional gambling is a trade or not. The answer to this question might surprise you. According to HMRC and reinforced by a number of court cases is the answer that
6th April marks the start of the new tax year for us in the UK. But have you ever wondered why we picked such
