by Leon | Aug 6, 2024 | News
Forecasting is the act of looking at past and present financial data to predict future costs, expenses, and profits. Small businesses do this to tailor their business model more effectively. Forecasting allows you to determine how much you will need to spend, save,...
by Leon | Aug 6, 2024 | News
Several significant changes were announced by the Government in the 2023 Spring Budget regarding the annual allowance and the lifetime allowance. These changes affect the amount of tax-free contributions individuals in the UK can make towards their pensions, which may...
by Leon | Aug 6, 2024 | News
HM Revenue & Customs (HMRC) have recently confirmed that businesses that owe less than £20,000 in VAT can now set up a payment plan online. The measure, which came into effect on 31 May 2023, is part of a wider project from HMRC to digitise tax reporting and...
by Leon | Aug 6, 2024 | News
Most businesses in the UK will need to submit VAT returns and payments every three months, with strict deadlines for these submissions set in place by HM Revenue & Customs (HMRC). The deadline for VAT returns and payments due for the accounting period ending 30...
by Leon | Aug 6, 2024 | News
Starting a business is an exciting venture for aspiring entrepreneurs, and it is important that you become well-versed in all things tax. Keeping up with changes in tax laws and regulations, as well as adhering to proper tax planning and compliance, is essential for...
