The upsides (and downsides) of being a higher rate taxpayer
The payment of tax is a necessary evil and a way of life, although no one likes paying it! A […]
Business Support
How do you deal with VAT?
There are various VAT schemes and methods available to calculate VAT. The standard method is to account for VAT based
Good news for limited companies!
The mini budget in September had a raft of tax cuts One proposed tax increase where tax planning has been
Interest on late payment of tax
HMRC interest rates are linked to the Bank of England base rate, and the increase in early August from 1.25%
Employer PAYE — new recurring Direct Debit functionality
Currently employers can set up a Direct Debit to collect a single payment, but not a recurring Direct Debit. By
VAT – 20%, 5%, 0%, Exempt, outside scope? Which rate should you charge?
HMRC has updated their guidance document – VAT rates on different goods and services. The guide covers a range of
The four-day week – would it work for you?
More than 70 companies and organisations with over 3,000 staff are taking part in a pilot four-day working week, with
The personal tax allowance – it can “disappear”
Currently, a taxpayer is entitled to a personal tax allowance of £12,570 p.a. which converts to a tax code of
Do you have significant capital expenditure plans for your limited company?
Get the timing right to maximise tax benefits. Life in taxation is always a moving goalpost – and things might
In a financial crisis -keep an eye on your debtors!
Late payments are expected to grow significantly in the coming months following rising inflation and interest rates. Cashflow is necessary