Landlords targeted over undeclared income from residential property

Nov 22, 2022

Landlords are being targeted by HM Revenue & Customs (HMRC) over what appears to be undeclared rental income or income related to residential property. HMRC’s Wealthy External Forum sent 606 letters to landlords who have submitted deposits into a tenancy deposit scheme, questioning ...

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Why you should revise your business strategy

Nov 18, 2022

With current economic difficulties, it is crucial to ensure that you have a detailed business plan. As inflation rises, you should consider how to modify your business. What is a business strategy? A business strategy is a plan for your company ...

Blog, Budget, General news, Tax, VAT

Autumn Statement 2022

Nov 17, 2022

The message from the Chancellor, Jeremy Hunt, in the days before he rose to the despatch box in the House of Commons to deliver the Autumn Statement was clear; he would be outlining billions of pounds of tax rises and ...

Blog, Tax

Are you missing out on tax-free corporate investment allowances?

Nov 15, 2022

When it comes to running a business, you must keep up with the ever-changing industry you are a part of. It is important to be aware of any allowances you are missing out on, so that your company can reap the ...

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Simplifying filing obligations

Nov 11, 2022

Are you aware of the changes to filing accounts at Companies House? If not, there are penalties for mistakes, so it is important to ensure that you are up to date with the latest information on these changes. What is changing? Under ...

Blog, Tax

Capital Gains Tax: What do you need to know?

Nov 08, 2022

Capital Gains Tax (CGT) is a tax applied on the profit you receive when disposing of an asset. You are not taxed on the amount of money you receive, but on the gain you make. For example, if you bought something for ...

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Blog, VAT

New VAT penalty regime – What do you need to know?

Nov 04, 2022

HMRC is launching a new penalty regime where VAT returns are submitted late or VAT is not paid on time. As of 1 January 2023, these penalties will apply to anyone obliged to regularly record and report VAT information. This change reflects ...

Blog, Business Advice, Tax

Supporting staff through the cost-of-living crisis

Nov 01, 2022

Many UK employers are topping up pay packets of valued employees with a cost-of-living payment when they are unable to offer a pay rise. The Chartered Institute of Personnel and Development (CIPD) summer Labour Market Outlook for 2022 found that 15 per ...

Blog, Tax

Have you filed your online Self-Assessment form?

Oct 28, 2022

The clock is ticking for taxpayers, as the countdown to submit online Self-Assessment tax returns has begun. With less than 100 days to go, HM Revenue and Customs (HMRC) is reminding people that they have until 31 January 2023 to submit ...

Blog, SMEs

How SMEs can avoid becoming victims of fraud

Oct 25, 2022

With SMEs throughout the country struggling to grow and maximise profits, given the economic headwinds, fraud could be a major problem. According to the Metropolitan Police, fraud can come from anywhere, including: Staff members Customers Suppliers Third parties, unconnected to the ...

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