Businesses who are required to use Making Tax Digital (MTD) for VAT but not registered could face fines of up to £400, it has been warned.
If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business.
As business advisers, we’re often asked whether incorporation is the right choice for new and growing businesses.
Small and medium-sized enterprise (SME) leaders are optimistic about post-Covid-19 recovery time, suggesting it will take an average of 12 months for their businesses to make up for the lost revenue.
The UK tech sector has continued to grow despite the impact of Covid-19 and lockdown restrictions, a major study has revealed.
Self-employed workers will be able to claim the fourth Self Employment Income Support Scheme (SEISS) Grant from 22 April 2021.
The last tax year has not long ended, but now is the time to think about how you report taxable benefits provided to your employees.
The Annual Tax on Enveloped Dwellings (ATED) return for 2021 to 31 March 2022, and any tax due for the year, is due by 30 April 2021.
British businesses can now apply for affordable loans of between £1,000 and £10 million under the new Recovery Loan Scheme (RLS).
Medium and large employers are now required to determine the employment status of contractors after major changes to the off-payroll working rules came into force this month.
Calls have been renewed for the Government to make membership of a recognised professional body mandatory for anyone offering paid-for tax accountancy services.
Two in five UK businesses have experienced a cyber-attack in the last 12 months, a major study has revealed.
Accountants who provide tax advice may be required to hold professional indemnity insurance (PII) under new laws proposed this week.
Putting off completing your HMRC Self Assessment is no longer an option as the April deadline approaches
To avoid incurring the wrath of the taxman, Self Assessment taxpayers have just over a week to get their self-assessment in order to pay any outstanding tax liabilities in full. Alternatively, they can set up an online payment plan for
On 12 November 2020, the details of the proposed Small and Medium-sized Enterprise (SME) Cap, which is due to come into effect on 1 April 2021, was published.