A summary of some of the key changes from the Economic Crime and Corporate Transparency Act and how these might affect you and your company…
Conducting year-end work can be difficult to prioritise. Read through our ten strategies that can make your year-end process a more seamless.
From January 2025, digital platforms such as eBay, Airbnb, Etsy and Vinted will have to routinely collect and report sellers’ income to HMRC.
These are relevant dates and potential penalties for self-assessment returns, alongside possible options if you can’t meet the deadlines.
Should a key member of your staff be suddenly unable to work, it might be best to consider how you can reduce the impact of their absence.
Here are the tax implications relevant to providing a gift/event to best please your employees, whilst also being financially sensible.
Sole traders & partnerships: If your year-end is not 31 March or 5 April, HMRC is changing how it will assess your profits.
Full expensing is a 100% relief for new, eligible plant and machinery, essentially reducing its in-year cost by 25%. Businesses that invest in IT equipment and machinery will be able to claim back the cost by writing it off against tax on their profits and will be available for expenditure incurred up to 31 March 2026. This is in addition to the £1 million annual investment allowance (AIA).
If you’re considering using a piece of cloud-based accounting software, such as Xero, QuickBooks, or Sage, then it’s important you understand what each option can offer you. What follows are some worthwhile considerations…
Have you increased the value of your goods, supplies or labour, to maintain your profit margins? If so, and you are not already registered for VAT, you will need to keep a close eye on your turnover. You might go over the VAT threshold without realising it.
In an attempt to slow price rises, the Bank of England has increased interest rates for the thirteenth consecutive time to 5%, the highest in almost 15 years.
Offering benefits to your employees has a number of advantages. If you’re deciding whether you could be providing them, consider these potential positives…
