Distributions on company cessations
On cessation many directors find that monies have accumulated over the years which need to be distributed to shareholders before closure – preferably in the
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Buy-to-let or Furnished Holiday Letting?
When looking for an investment property, there are various decisions that need to be made. If the intention is to let the property, one consideration
What is an SME? | UK Small & Medium Business Explained
SMEs are a major part of the UK economy because they drive innovation, employment, and economic growth. But what is an SME? SMEs, which stand
Selling a Property Post Death – Is There a Capital Gains Tax Charge?
For capital gains tax purposes, there is a tax-free uplift to the market value at the date of death, irrespective of whether any inheritance tax
How to Market your Business?
Whether you’ve started a business or you are willing to start one, it is imperative to have its online presence. In fact, everything has gone
How to write an Invoice and Get Paid Faster
In the world of business, you need an invoice to bill your clients. To create an invoice, you don’t need a lot of work, you
Reduced Rate of VAT
To help the hospitality and leisure industry recover from the impact of the first national lockdown, a reduced rate of VAT of 5% was introduced
Freezing of Allowances and Thresholds
To help meet some of the costs incurred in dealing with the Covid-19 pandemic, the Chancellor announced in his 2021 Budget that a number of
How to Become Self Employed?
Do you want to be your own boss? But don’t know how to be one? In this short blog, we’re going to share some basic
Reporting Expenses and Benefits for 2020/21
Employers who provided taxable expenses and benefits to employees during the 2020/21 tax year will need to report these to HMRC, on form P11D by
What is a Company Tax Return?
All the limited companies are required to file a company tax return to Her Majesty’s Revenue and Customs (HMRC) within the given period. In this
Restart Grants and Recovery Loans
As lockdown restrictions are eased, businesses may need help to re-open and to recover from the impact of the pandemic. Depending on the nature of
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