As a small business owner, you are probably familiar with the term ‘Self-Assessment’. While many entrepreneurs link Self-Assessment primarily with the yearly tax ritual, it offers a lot more. Read more
Self-Assessment benefits for small businesses
Business
The role of cloud accounting in modern businesses
In today’s digital age, the way businesses manage their finances has seen a seismic shift, largely due to the introduction and growing popularity of cloud accounting.
Understanding Director’s Loan Account (DLA) and the risks involved
Directors might opt to either lend money to or borrow from their own company. This type of transaction is called a director’s loans, and they are recorded in the Director’s Loan Account.
What tax implications can come with depreciation?
For business owners, understanding depreciation is not just about accounting practices but also about handling their taxes efficiently. Read more
Capital Gains Tax for SMEs – Recent trends and compliance
Collections of Capital Gains Tax (CGT) reached a record £16.7 billion in the last tax year, a notable increase from the preceding year’s £14.3 billion. Read more
Top tips for being a successful business owner amid financial challenges
Running a successful business in the UK is a challenging yet rewarding endeavour.
Everything you need to know about Government Start Up Loans
Starting your own business can seem daunting, especially when it comes to finding funding.
Beneficiaries could see inherited pensions taxed as new proposals by HMRC are published
Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income Tax if it is under the Lifetime Allowance (LTA).
Research and Development Tax Relief Changes
The Government has recently updated some elements of the Research and Development (R&D) tax relief application process.
Understanding ESG investments – What should you know?
The financial landscape in the UK, as well as globally, is in a constant state of change.