Self-Assessment tax returns threshold to change for 2023-2024 tax year
Jun 02, 2023
HM Revenue & Customs (HMRC) has revealed plans to increase an individual’s income threshold before being required to submit a self-assessment tax return. The changes are due to come into effect from the 2023-2024 tax year. For the current tax year (2022-2023), ...
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Essential financial metrics every business owner should track
May 30, 2023
Understanding the financial health of a business is integral to its success, regardless of the industry or the size of the operation. By keeping an eye on vital financial metrics, business owners can make data-driven strategic decisions that can drive their ...
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Key factors to consider when starting a business
May 25, 2023
Setting up a new business is not merely about innovative ideas or immense passion. It also demands careful planning and research. Running a thriving business is not without its obstacles, however, the potential for rewards makes it a journey worth undertaking. It ...
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Landlords should bring UK tax affairs up to date before Renters Reform Bill is enforced in law
May 23, 2023
The Government is looking to introduce the Renters Reform Bill, which if made law, will be the biggest shake-up to housing laws in forty years. Whilst the Bill will have implications for the 11 million renters in the UK, landlords have ...
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Benefits of hiring an accountant for your start-up
May 18, 2023
Running a start-up can take its toll, with the inevitable early struggle of managing and overseeing every role within the business. Eventually, your business will start to grow, and you will find spinning multiple plates more difficult as you expand. Keeping track ...
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Strategies for SMEs: Surviving the interest rate hike
May 16, 2023
As interest rates in the UK rise, small and medium-sized enterprises (SMEs) will undoubtedly feel the pinch. Interest rate changes can be effectively managed by SMEs by reviewing and altering the financial processes within their organisations to ensure outstanding debts are ...
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What do you need to know about Income Tax?
May 11, 2023
If you’re feeling unsure about your Income Tax obligations, it's important to understand what you are required to pay, how you pay it and what to do if you haven’t paid enough or have paid too much. What is Income Tax? ...
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VAT penalties for late filing or payments – be aware of the changes
May 09, 2023
HM Revenue & Customs (HMRC) has removed the default surcharge for late payments of VAT and replaced it with what is a new penalty charge. The way interest is charged has also been amended. Previously, the default surcharge was two per ...
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Changes to the Seed Enterprise Investment Scheme (SEIS)
May 03, 2023
The UK has long been a hub for budding entrepreneurs and startups, with innovative ideas and new businesses emerging every day. The Government recognises the importance of supporting these early-stage businesses to stimulate economic growth and job creation. One such initiative designed ...
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Taxes you should know before starting a business
Apr 27, 2023
Starting a business is an exciting venture for aspiring entrepreneurs, and it is important that you become well-versed in all things tax. Keeping up with changes in tax laws and regulations, as well as adhering to proper tax planning and compliance, ...
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