Tax

1 November 2021

Self Assessment checklist – make sure you're prepared

Submitting your Self Assessment tax return doesn’t have to be stressful! Here’s a helpful checklist to make sure you’re ready to submit yours before the deadline. What’s the Self Assessment tax return deadline? If you didn’t send an online tax… Read more

22 October 2021

What you need to know about year end accounts

Want to know more about year end accounts for limited companies? We take you through what you need to know. What are year end accounts? Year end accounts are also known as annual accounts or statutory accounts. They are a summary of your business… Read more

29 September 2021

Making Tax Digital for Income Tax is coming in 2024

The government has recently announced that Making Tax Digital for Income Tax will come into force in 2024, a year later than the original deadline. We take you through what Making Tax Digital for Income Tax is, how it will affect your business and… Read more

28 July 2021

4 reasons to submit your Self Assessment tax return early

Did you know that you can submit your Self Assessment tax return as soon as the tax year ends? Instead of leaving it until the last minute, here’s why you should submit your return early. 1. Less last minute stress Self Assessment season in January… Read more

19 July 2021

Tax terms you need to know

Tax doesn’t have to be tricky. Boost your knowledge with this guide to different tax terminology and what it all means. Allowable expenses Allowable expenses are running costs for your business that can be deducted from your Self Assessment tax… Read more

1 July 2021

5 tax mistakes to avoid

Doing your tax can seem scary, but with the right tools it can be simple. We take you through common tax mistakes and how to avoid them. Leaving it to the last minute When you leave your tax returns to the last minute it can get stressful. Searching… Read more

21 June 2021

What is Making Tax Digital?

As of April 2019, VAT-registered businesses with a turnover of more than £85,000 are required to use the Making Tax Digital (MTD) service to keep records digitally and use accounting software to submit their VAT Returns. This will enable businesses… Read more

22 February 2021

Guide to Corporation Tax

If you run a limited company, you need to know about Corporation Tax. We take you through when you need to pay and how to do it step by step. When do I need to pay Corporation Tax? If your business is a limited company, then you will need to pay… Read more

14 December 2020

How to prepare for Self Assessment

With the Self Assessment tax return deadline coming soon in January, we share what you need to do to prepare for submitting your return. When is your Self Assessment tax return due? The deadline for online submission is midnight 31 January 2021. The… Read more

30 November 2020

HMRC tax deadlines for 2021

With 2021 around the corner, it’s a good idea to keep track of the tax deadlines that could affect you and your business next year. The tax year runs from 6 April 2021 to 5 April 22. So, the current tax year will end on 5 April 2020. Self Assessment… Read more

18 November 2020

Guide to late filing penalties

It’s really important to file your taxes on time! If you don’t, you can face penalties from HMRC. There are several different taxes you may need to pay if you run a small business or work self employed. You can find out more about the taxes you may… Read more

16 November 2020

Guide to Capital Gains Tax

Capital Gains Tax can seem complicated! We take you through it step-by-step so you know what to do if you dispose of your assets. What is Capital Gains Tax? When you dispose of an asset that has increased in value you’ll need to pay Capital Gains… Read more

2 November 2020

What is small business rate relief?

If you’re running a small business and want to decrease your business rates, you might be eligible for small business rate relief. Find out what you need to know in this guide. What is small business rate relief? Small business rate relief offers… Read more

26 October 2020

Guide to business rates

If you run a business in the UK, you’ll need to pay business rates on your business property. This guide takes you through what you need to know! What are business rates? You’ll need to pay business rates if you use a non-domestic property. This… Read more