Impact on Small Business: National Minimum Wage Hike
As a small business owner, I understand the challenges that come with running a company. One of the key considerations is ensuring…
Importance of Shareholder Agreements and What They Mean
Importance of Shareholder Agreements and What They Mean In this article, I will discuss the significance of shareholder agreements and what they…
Understanding Capital Allowances, Annual Investment Allowances, and Full Expensing in the UK
In the UK business landscape, effective corporate tax planning is key to optimising profits and driving growth. A crucial aspect of this…
Understanding Cash Basis Accounting: A Simple Guide
Cash basis accounting is a fundamental accounting method used by small businesses to track their finances and manage cash flow. It recognises…
Autumn Statement 2023: Implications for Small Businesses in the UK
The Autumn Statement 2023, announced by Chancellor Jeremy Hunt, includes initiatives focused on growing the British economy, especially supporting small businesses. Key…
HMRC Changes Late VAT Returns Assessment Process
The HMRC has recently implemented changes to the assessment process for late VAT returns, affecting how taxpayers are evaluated and penalised for filing returns after the deadline. Key Takeaways: The…