Improve cash flow with smarter invoicing habits
Why cash flow matters
Profit is important, but cash pays wages, suppliers and loan repayments. Even...
Definition of a building sub-contractor
Know the rules for contractors & subs under CIS to avoid issues with HMRC.
Under the...
VAT – digital record keeping
HMRC requires businesses to maintain accurate VAT records to ensure correct tax payments. While all...
Trusts and Income Tax
Trustees must manage assets, follow tax rules, and register with HMRC where required.
A trust is...
Rules to protect effects of debanking
Banks must now give 90 days’ notice before closing accounts, giving customers more time to...
What is Support for Mortgage Interest?
SMI loans can help pay mortgage interest for those on benefits, but repayment is due...
Help with outstanding tax bills
HMRC’s Time to Pay lets eligible taxpayers spread tax bills over time, avoiding immediate enforcement...
A magical clause does not necessarily nullify employment status
A recent ruling has provided a timely reminder that substance trumps form in employment status...
Building value in your business
For many small business owners, the focus is on day-to-day operations. However, building long-term value...
Pre-Budget tax planning – act now
With the next UK Budget approaching, there is speculation about changes to tax rates, allowances...
Bank Rate trimmed to 4%
The Bank of England has knocked the main interest rate down to 4% today, cutting...
Interactive online tool for tax compliance check
HMRC’s new Q&A tool guides you through each step of a compliance check.
The free interactive...
Challenging your Council Tax band
If your property has changed or seems mis-banded, you may have the right to request...
Who can claim the IHT residence nil rate band
With the Residence Nil Rate Band (RNRB), families can pass on up to £1 million...
Reclaiming duty moving goods to Northern Ireland
Businesses can reclaim duties on qualifying goods moved to or through Northern Ireland since 2021
The...