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
Capital Gains Tax for SMEs – Recent trends and compliance
SME
Top tips for being a successful business owner amid financial challenges
Running a successful business in the UK is a challenging yet rewarding endeavour.
Adapting your business plan for the summer
With the summer holidays nearly here, small businesses, especially in the hospitality industry, face a distinct set of challenges. Read more
How businesses can tackle late payments while preserving business relationships
There can be nothing more frustrating for business owners than waiting on payments from clients. Read more
What expenses can limited companies and sole traders claim?
Whether you’re the owner of a limited company or a sole trader, it is important to understand the expenses you can claim and the tax savings that these expenses bring.
An overview of the Construction Industry Scheme and what it means for your business
The Construction Industry Scheme (CIS) is a Government initiative that allows contractors in the construction industry to deduct money from a subcontractor’s payments and pass it on to HM Revenue & Customs (HMRC). Read more
Understanding salary and dividend payments for business owners and directors
As an owner or director, it may be possible for you to pay less tax on your income from your company through dividends.
Understanding and navigating job expenses
Navigating job expenses can seem daunting at first glance. There are a plethora of rules and regulations that can leave employees feeling overwhelmed. Read more
Managing an Overdrawn Director’s Loan Account
Are you a company director contemplating a loan from your own business? If yes, it’s crucial to understand the workings behind the Director’s Loan Account (DLA) and the implications of an overdrawn director’s loan account (ODLA). Read more
How to spot the early signs that your business may be facing financial difficulty
Many businesses across the UK have been financially affected by the cost-of-living crisis and the rise in inflation and have also suffered from the fallout of Covid-19 loan schemes and companies’ failure to make repayments. Read more