HOW TO PREPARE FOR THE CIS VAT DOMESTIC REVERSE CHARGE
After several delays, the VAT domestic reverse charge for construction services is due to come into effect on 1 March 2021. If you’re not sure what this means for your...
Read MoreClaim tax relief for your job expenses
Working from home You may be able to claim tax relief for additional household costs if you have to work at home on a regular basis, either for all or...
Read MoreAre You Paying Too Much Tax?
Paying Tax Is An Inevitable Part Of Doing Business The more your income grows, the more tax you’re liable to pay. You’re rewarded for your success with a bigger...
Read MoreTax Years and the 9-month Golden Rule
Financial years vary from country to country as per their existing taxation laws. In the UK, the tax years are different for individuals and companies. Individuals Start Date: 6th April...
Read MoreLate Filing Penalties by HMRC
Not Filing tax returns to HMRC At time we have observed that people get themselves registered for self employment for one reason or another without realising that it becomes compulsory...
Read MoreWhat Is A Self Assessment Tax Return and Do I Need One?
You have probably heard of a self-assessment tax return. But what is it, and how do you know if you need one?
Read MoreClaim a Super-Deduction of 230% From Taxable Income
The R&D Tax Credit Scheme was introduced in year 2000, the idea behind it to encourage investment in research in UK based companies and attract new, innovative businesses to the...
Read MoreKeeping on top of your tax liabilities
Running a small business is hard work, much harder than anyone ever gives you credit for. It requires you to master many skills and take responsibility for so many aspects...
Read MoreWho must file a tax return?
The tax year is from 6 April to 5 April the following year. You’ll need to send a tax return if, in the last tax year: You were self-employed. You...
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