Employer Payment Summary – Overview
Employer Payment Summary (EPS) is an important part of the payments to and deductions from the HM Revenue & Customs (HMRC). It comprises all 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.
How Do Uber Drivers Pay Taxes in the UK?
Uber drivers in the UK have to face the challenge of paying taxes if their incomes go beyond the threshold of £1000. Some full-time Uber
Understanding VAT on Delivery Charges in the UK
If you have an eCommerce store and deliver goods online in the United Kingdom, you might have come across VAT on shipping. Many business owners
‘Roll Over ‘ Relief – What Happens If an Asset Not Brought into Business Immediately
There is usually a capital gains tax (CGT) charge when a chargeable asset is sold at a gain (subject to the individual personal allowance for
Is There VAT on Stamp Duty? Clear HMRC Explanation for UK Property Buyers
Buying a property in the UK? That’s great, but you must understand that it comes with tax responsibilities. One of the major tax areas to
The Role of The Adjudicators Office
Few taxpayers are aware that the Adjudicators’ Office (AO) exists. The AO was set up in 1993 to provide an independent free-to-use complaints procedure when
What is IR35? A Guide for the Self-employed
Are you self-employed and have no idea what is IR35? Self-employed or sole traders having their own limited company and Personal Service Company (PSC) may
What is An Annual Return? A Comprehensive Guide
What is an annual return? This refers to a statement of the company’s information submitted each year to the Companies House. However, it has been
Using The Capital Gains Tax Land and Buildings Toolkit
HMRC produce a number of toolkits which highlight common errors found in self-assessment tax returns. As the name suggests, the capital gains tax land and
How to Do a SWOT Analysis for Your Small Business?
What is SWOT Analysis and why it is used? These questions might worry you if you want to analyse the position of your business in
VAT Domestic Reverse Charge for Construction: 7 Things You Need to Know
Curtailing fraud in the payment of VAT in the construction industry, the HMRC introduced legislation of VAT reverse charge construction. New Vat charges reverse the
PAYE vs. Umbrella Company: What’s the difference?
If you are a contractor and want to work as an independent person, you have to associate either with a PAYE agency or an Umbrella
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