The Construction Industry Scheme (CIS) is a tax scheme designed for contractors and subcontractors working in the construction industry in the United Kingdom. Under CIS, contractors are required to deduct…
How forecasting and budgeting can help your small business Forecasting and budgeting can be particularly helpful for small businesses, which often have limited resources and face significant challenges when…
Majority of self-employed earning less than £1000 per month The lockdown prompted a surge of people to start side businesses to generate funds and ride out the pandemic. Some took up…
6 Ways to Make Your Business Money Quickly People are feeling financially strained due to the cost of living crisis, and businesses are struggling to meet increasing costs while keeping…
Spring Budget 2023 Summary On March 15th, Chancellor Jeremy Hunt took the stand in Parliament to present his 2023 Spring Statement. His remarks updated and improved the policies in his…
Changes to the VAT Penalty Scheme Did you know there are changes to the VAT Penalty scheme? HMRC has changed the VAT penalty system for periods starting on or after…
Tax Investigation HMRC performs tax investigations to determine if taxes have been properly paid. To ensure compliance, the UK government requires taxpayers to correctly determine the amount of tax they…
Today we have seen an announcement from the chancellor confirming his Autumn statement 2022. The government plans to stabilise public spending and reduce debt. Key tax announcements include: …
What is a SATR? By completing a Self-Assessment tax return, you tell HMRC about your taxable income and gains for a tax year. Part of the process is to work…
Pension Enrolment Scheme As an employer, you have a legal duty to ensure that you provide a workplace pension scheme. An auto-enrolment pension scheme is where employees are automatically…
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