Managing your cash flow
It is essential that you look forward and consider so the future cash position. Will you have enough money in […]
Making Tax Digital for VAT – are you filing returns through the MTD portal?
All businesses have to use MTD for VAT returns due on or after 1 April 2022. This means keeping digital
Inheritance Tax and gifts out of income
There is a £3000 annual allowance for gifts – a very small amount! However, another exemption which might be useful
Every business owner using cloud accounting software should do this…
Those using cloud accounting software will probably be aware of the many time-saving functions available such as bank feeds, recurring
Would the VAT Flat Rate scheme save you money?
Under the VAT rate scheme, a flat percentage is used to calculate the VAT payable, ignoring VAT incurred on expenses.
Making Tax Digital – VAT
For around 1.1 million businesses that are VAT registered but with taxable turnover below the VAT threshold, MTD becomes mandatory
Getting paid
Every business needs to be paid for its supply of goods or services. Without the cash coming in, supplier bills,
Reimbursing staff business expense claims
The processing of expense claims can be both time-consuming from both the employer and employee viewpoint. Collecting expense receipts, then
Saving for your pension – beware the annual limits
The maximum annual allowance for pension contributions is currently £40,000 p.a. although it is possible to use up some past
Budget – 27 October 2021
Following on from the increases above, the Chancellor will present his next budget on Monday 27 October 2021. It is