What Landlords and Sole Traders Need to Do Before April 2027 Making Tax Digital (MTD) continues to represent one of the biggest changes to the UK tax and self-assessment system in recent years. Whilst the next phase doesn’t become mandatory until April 2027, certain landlords and sole traders should start preparing now. What’s changing? From […]
What Directors and Business Owners Need to Know Cryptocurrency has become increasingly common amongst investors, entrepreneurs and business owners. However, many people still underestimate the tax implications of buying, selling or exchanging digital assets. The misconception about crypto A common assumption is that crypto investments sit outside the UK tax system. In reality, HMRC expects […]
VAT-registered businesses normally submit their VAT returns and payments to HM Revenue and Customs 4 times a year. However, HM Revenue and Customs also offer an Annual Accounting Scheme for businesses with a taxable turnover of £1.35 million or less. In this article we will look at what this scheme is and why you might […]
Last week, the government named and shamed 524 businesses for failing to pay the minimum wage to their staff. These failures amounted to a total of nearly £16 million that had not been paid to their workers. Each of the employers named has had to repay their staff for the shortfall and have also faced […]
In the dynamic world of managing a business, one of the most critical elements to success is effective cash flow management. Cash flow forecasting is a fundamental tool for business owners to navigate financial challenges and ensure sustained growth. In this article, we will delve into the importance of cash flow forecasting and talk about […]
