July 6, 2022
VAT efficiency for cost-sensitive SMEs
The ‘charge and claim’ cycle associated with Value Added Tax (VAT) often becomes a routine part of running a business but, with VAT contributing significantly to Government’s annual tax receipts, opportunities to improve VAT efficiency should not be overlooked. Cash accounting for SMEs The cash accounting scheme can be advantageous
May 27, 2022
3 tips for choosing cloud accounting software
Cloud accounting software is not something that can easily be ignored by any business wanting to grow and succeed in the modern world. The benefits of embracing digitisation are extensive, the choice you have at your fingertips equally as vast, and the reliance upon these systems increasing all the time.
May 20, 2022
Why is a shareholders’ agreement so important?
Where there are multiple shareholders in a limited company it is important to formalise the working arrangements in respect of the business, and to plan for all eventualities. Creating a shareholders’ agreement is a good way to do this. Although all shareholders should be pulling in the same direction and
April 11, 2022
Non-domicile or non-sense
Once again, tax has been making the news with the Chancellor’s wife, Akshata Murty, dominating headlines as a result of her non-domicile status. The quality of the reporting I have come across on this topic, so far, has been poor and shows a distinct lack of understanding of the tax
April 8, 2022
Companies House to change filing requirements for small businesses
The Department for Business, Energy & Industrial Strategy (BEIS) has published a whitepaper detailing its response to consultations on Companies House reform. We know the service to be flexible and accessible, as it enables many entrepreneurs, every day, to incorporate their businesses. However, there are those who abuse the system,
February 4, 2022
High Income Child Benefit Charge – are you liable?
The High Income Child Benefit Charge (HICBC) appears to be hitting headlines again recently, and so we thought it a topic worth revisiting. The regime is coming under fire for failing to keep up with the times and effectively serve its purpose. Many more families are being forced into the
January 17, 2022
IHT reporting requirements – What’s changed?
On 1 January 2022, changes to Inheritance Tax (IHT) reporting requirements came into force via The Inheritance Tax (Delivery of Accounts) (Excepted Estates) (Amendment) Regulations 2021. The changes themselves are fairly technical in nature. To go into too much detail here would only cause confusion; but, if you’re interested in