Digital fraud: What do you need to know?

Mar 14, 2023

Digital fraud, also known as cyber fraud or online fraud, refers to any type of fraudulent activity that takes place in the digital space. This can include fraudulent transactions, identity theft, phishing scams and more. Digital fraud is a growing problem that ...

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Have you made your voluntary National Insurance (NI) contributions?

Mar 10, 2023

You will now have more time to make any voluntary National Insurance (NI) contributions, as the deadline has been extended. A Written Ministerial Statement on 7 March 2023 announced that the original deadline of 5 April 2023 has been pushed back ...

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Travel expenses: What do you need to know?

Mar 07, 2023

Travel expenses are costs incurred by an employee whilst travelling on behalf of their company, which is away from their usual place of work. Employees can claim tax relief for the money spent on: Vehicle mileage Parking fees Food and drink ...

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Blog, Business Advice, SMEs, Tax

Are you handling your records effectively?

Mar 02, 2023

Effective financial record keeping is crucial for any business owner to maintain compliance with tax regulations and gain a clear understanding of their financial status. Although you may already have established bookkeeping practices, it is crucial to periodically review and update ...

Blog, HMRC, Tax

Self-Assessment taxpayers warned of next payment deadline

Mar 01, 2023

Taxpayers have been reminded that a penalty deadline for unpaid Self-Assessment tax is imminent. HM Revenue & Customs (HMRC) will automatically add a penalty to your tax bill equal to five per cent of the Self-Assessment tax you owe for 2021/22 ...

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Tips for preventing late payments as a small business

Feb 28, 2023

Small businesses saw a sharp increase in the length of time clients took to pay their invoices last month, according to data from accounting software Xero. The amount of time businesses had to wait for payment in January rose by 0.6 ...

Blog, Tax, VAT

The VAT filing deadline is approaching: How to get prepared

Feb 23, 2023

It’s important to stay up to date with the latest regulations and requirements related to taxes, including Value Added Tax (VAT) to avoid penalties. HM Revenue & Customs (HMRC) recently reminded businesses about new VAT penalties and interest payments ahead of ...

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10 Common Accounting Terms, Explained

Feb 21, 2023

Having general accounting knowledge is crucial for any business owner, especially during tax season. Understanding common accounting terms is highly beneficial, as you will identify how they relate to your business and how it is performing. To help, we have compiled ...

Blog, Tax

What do you need to know about Inheritance Tax?

Feb 17, 2023

Are you thinking about the tax implications of your estate and what this could mean for your loved ones after you pass? If you have a high value estate, this could impact your beneficiaries significantly as they may not be able ...

Blog, Personal accounting, Tax

Time is running out to check your National Insurance record

Feb 14, 2023

Are you planning on claiming the UK state pension? You must check your National Insurance (NI) record before 5 April 2023. Are you eligible for the UK state pension? To be eligible for the maximum ‘new state pension’, you must have 35 ...

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