Tax

7 September 2020

What can you claim as allowable expenses?

You can reduce your tax payment by deducting allowable expenses, so it’s important to know what you can claim on. What are allowable expenses? Allowable expenses are running costs for your business. You can deduct them from your profit, so you don’t… Read more

12 August 2020

The best MTD software features

When you’re choosing a software to comply with Making Tax Digital, there are some key features you should look out for. Your software must be MTD compatible The most important thing you need to be aware of when choosing your MTD software is that it… Read more

10 August 2020

Company Bonus or dividend?

Confused about the difference between a company bonus and dividend? Find out what you need to know. What’s the difference between a company bonus and dividend? A bonus is a one off payment made to an employee or director of a company. Dividends are… Read more

24 July 2020

Why it's important to choose the right MTD software for your business

Making Tax Digital can seem like a big change for small businesses. But, choosing the right MTD software can make all the difference! Here’s a quick guide to why you need the right software. What is Making Tax Digital? Making Tax Digital (MTD) is… Read more

24 July 2020

Tax on dividends guide

If you’re curious about dividends, and what tax you may need to pay on them, here’s a helpful guide to help you get started. What are dividends? Dividends are payments you might receive if you own shares in a company. For example, as a shareholder… Read more

20 July 2020

What allowances can I claim as self employed?

There are several different allowances you can claim as a self employed person; a Personal Allowance, capital allowance, tax-free allowances and allowable expenses. What is a personal allowance? A Personal Allowance affects what amount of your… Read more

17 July 2020

Is Making Tax Digital good for your business?

Making Tax Digital for VAT came into force a year ago. Using an MTD software to do your accounting can have some great benefits for your business. Take control of your finances Using a digital accounting software can help you get a clear overview of… Read more

13 July 2020

When are VAT Returns due?

Paying your VAT Return on time is really important to avoid any penalties from HMRC. Your VAT Return payment deadline can be found in your HMRC VAT online account or MTD software, and it will vary between businesses. You can also find out when the… Read more

6 July 2020

How to apply for MTD exemption

If you’re wondering about Making Tax Digital exemptions, or want to find out how to apply, get all the answers you need in this quick guide. Am I already exempt from MTD? You might already be automatically exempt from Making Tax Digital! This will… Read more

3 June 2020

How to do a Self Assessment tax return

Find out what you need to know about your tax return, from if you should submit one to some tips to make completing one quick and easy. What is a Self Assessment tax return? A Self Assessment tax return is submitted to HMRC so that they receive… Read more

29 May 2020

What VAT can be reclaimed?

If you’re a business that charges VAT on your sales, and you’re registered for VAT, then you can reclaim the VAT charged on your purchases and expenses. Find out what you need to know about reclaiming VAT in this guide. How VAT works There are 3… Read more

20 May 2020

Making Tax Digital one year on

One year on from the launch of the new Making Tax Digital for VAT regulations, we take a look at how the process has gone so far, and what Making Tax Digital could look like in the future. Making Tax Digital so far Making Tax Digital was brought… Read more

6 April 2020

Complete guide to UK taxes and rates

When you run your own business or work as a sole trader, you become responsible for taking care of your taxes. In the UK there are several different types of taxes which could affect you or your business. The current tax year falls between 6 April… Read more

17 September 2019

Infographic: All about VAT in the UK

VAT can seem confusing but you don’t need to worry! Find out everything you need to know, from different VAT rates to Making Tax Digital including how much VAT will have to pay. Now you know how VAT works, to found out how much VAT you will have to… Read more