Making a negligible value claim with HMRC
A negligible value claim lets taxpayers declare an asset worthless for tax purposes, realising a...
Essential Credit Control for SMEs
A well-structured credit control system is crucial for small businesses to maintain cash flow and...
Sources of funding for small businesses
Starting or growing a small business often requires capital, but securing the right funding can...
Tax relief for structures and buildings expenditure
Maximise your tax relief with the Structures and Buildings Allowances (SBA). If you have invested...
Treatment of post-cessation receipts and payments
When a trade ends, income doesn’t always stop. Post-cessation receipts can still arise, and knowing...
How far back can HMRC assess under-declared taxes?
From income tax to VAT, HMRC has specific time limits for issuing tax assessments. Depending...
UK residence and tax issues
The UK's shift to the Foreign Income and Gains (FIG) regime from April 2025 changes...
What’s included in your VAT return
With a £90,000 VAT registration threshold, many UK businesses might wonder whether to register voluntarily...
Tax-free redundancy payments
If redundancy strikes, you could receive up to £30,000 tax-free. Whether it’s statutory or a...
The benefits of benchmarking financial results
Benchmarking financial results involves comparing a business’s financial performance against industry standards or competitors. This...
Women in leadership roles
The UK is making significant strides in promoting gender equality within its top companies. According...
Self-employment cannot be used as a tax smokescreen for contracted employees
A complex celebrity case arose recently in which the First-tier Tax Tribunal (FTT) was asked...
Gifts exempt from Inheritance Tax
Navigating the intricacies of Inheritance Tax (IHT) can be daunting, but understanding the available gift...
Business mileage with your own vehicle
Understanding the nuances of tax relief for using your personal vehicle for work can lead...
E-invoicing consultation
HMRC together with the Department for Business and Trade (DBT) have launched a new consultation...