Changes to NI rates for 2022/23
From April 2022, the Government plans to create a new social care levy which will see UK-wide tax and National […]
Tax bills- a nasty shock for some….?
Subcontractors in the building industry often have their accounts prepared as soon as possible after the tax year so that
VAT and hospitality
Be aware that the reduced 5% rate for the tourism and hospitality sector applied to 30 September 2021, when the
Dividends from your company – care is needed
In many small companies, the tax planning strategy is for directors to draw a “low” salary sufficient to ensure NI
Automated Invoice processing
The prior article referred to invoices being duplicated. Using one of the purchase invoice data extraction products can help to
Bookkeeping – review your “aged payables” report regularly
If you are using purchase ledgers – recording purchase invoices when received – these will appear as owing and then
Selling online but not declaring the income? Watch out – HMRC will know
[vc_row][vc_column][vc_column_text] Selling online but not declaring the income? Watch out – HMRC will know [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]Changes are afoot that will
Inheritance tax – the housing and stock market booms means more estates could face IHT bills
Latest estimates from HMRC are that IHT receipts will hit £5.6 billion in 2021/22 rising to £6.3 billion pounds in
Selling on credit? Keep on top of your debtors!
When you are selling and offering credit terms to your customers, it is essential to keep the cashflow moving. After
Should you register for VAT?
Should you register for VAT? You must register for VAT if: • you expect your VAT taxable turnover to be