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 business, read on
Having total control over your finances can give you an amazing sense of freedom. However, it takes a lot of discipline and hard work for you to be able to achieve this. In
Dealing with risk is an inherent aspect of business management. The way you prepare for risk is the most important factor in determining the longevity of your enterprise. Businesses of all sizes have
Many small business owners tend to handle their own accounting and bookkeeping, especially when they’ve just started out. However, keeping track of the finance-side of the business– everything from income to expenses to
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 part of the
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 tax bill. While
You have probably heard of a self-assessment tax return. But what is it, and how do you know if you need one?
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 country. The scheme
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 of running a
HMRC can now confirm that under Making Tax Digital: businesses will now be able to continue to use spreadsheets to record receipts and expenditure, which they can then link to software to automatically generate
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 got £2,500 or
