Tax

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

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

19 October 2020

What are capital allowances?

Capital allowances are how you deduct costs for plant and machinery from your tax return. Find out what you need to know about capital allowances with this guide! What are capital allowances? When you buy fixed assets that you use for your business,… Read more

5 October 2020

What is IR35?

If you’re working as a contractor, it’s important to know about changes to IR35 regulations that are coming into force in April 2021. What is IR35? IR35 is off-payroll working rules for clients, workers (contractors) and their intermediaries. This… 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

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

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