As a business applying for R&D tax credits, you need to know how any changes may affect you and your tax relief.
What are employee share schemes? If you’re unsure on employee share schemes or how to use them, this post will explain the finer details.
Even if you’ve played entirely by the rules, the stress of a HMRC tax investigation can be a lot to deal with. However, you needn’t worry – understanding the process will help you and your company deal with the situation and we’ll be on hand to support you throughout.
As you may have heard, there are changes happening to National Insurance contributions (NICs). From 6 July, the new thresholds will come into effect. But what does that mean for you? This post we take as look at the changes and what this means for you and your business.
Most accounting software we recommend can cope with the calculation and filing of VAT returns. The good news is, being obliged to register for VAT is not the time-consuming chore it used to be. But we are often asked when a business must register for VAT and when it might like to consider registering voluntarily.
Did you know that it may be possible to reduce your 31 July 2022 tax payment if your income for 2021-2022 was lower than the previous year!
If you submit a self-assessment tax return and are due to make a second payment on account for the tax year 2021-22 on or before 31 July 2022 you may have an opportunity to reduce how much you need to pay.
If you are self-employed and operate as a sole trader or run an unincorporated business, you will need to register as self-employed with HMRC. Unlike a company (which is a separate legal entity), if you are self-employed, you do not benefit from limited liability (unless you are operating a limited liability partnership).
If you have a property rental business, you may be running it through a limited company, or you may be running an unincorporated business and wondering whether you should incorporate. There are advantages and disadvantages to incorporation so read on!
With very few exceptions, all existing UK Trusts will be required to register with the Trust Registration Service (TRS) by 1 September 2022, irrespective of whether they have a UK tax liability or not!
Did you know that if you’ve sold a property and the completion date was on or after 27 October 2021 you’ve 60 days to report and pay any CGT to HMRC.
If you discover you owe more tax than you’ve declared, it’s best to inform HMRC by making a voluntary disclosure. This may seem daunting, but HMRC knows that mistakes happen and has a process for you to disclose them. Here’s a handy guide.
Closing date: 30 June 2022 – 17:30
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