Managing finances efficiently is crucial for success in today’s fast-paced business environment. However, grappling with spreadsheets and manual bookkeeping can be a time-consuming [...]

A P11D Tax form is a tax form used by employers in the United Kingdom to report benefits in kind provided to employees. Benefits in kind are non-cash payments or items that are provided to [...]

On 1 January 2023, HMRC introduced a new penalty regime for VAT. The new regime aims to simplify and strengthen the penalties for late submission and payment of VAT returns, as well as late [...]

If you’re like me, you’re the sort of professional who gets great satisfaction from discovering something new that turns an everyday nuisance or overly complicated task into something far easier [...]

What is Making Tax Digital? The ambitious Making Tax Digital scheme was introduced by the government in 2019 as part of a bold vision to make the UK “one of the most digitally advanced tax [...]

Finding the cash to settle your taxes can sometimes be tricky. With all the will in the world, the VAT you’ve been collecting on behalf of HMRC for the last three months just isn’t sat in your [...]

The rise of DIY Bookkeeping The last ten years have brought the development of accounting software that can make bookkeeping a job for a business owner to do, rather than hiring a bookkeeper to [...]

Small businesses are the backbone of the UK economy, and as such, it’s crucial that they keep on top of their accounting. But unfortunately, many small businesses don’t realise they [...]

From 1 March 2021, the domestic reverse charge must be used for most building and construction services supplies. This does not include building materials. Therefore, if your business only [...]

CIS stands for Construction Industry Scheme.  Under the scheme, contractors make deductions from their payments to subcontractors. They then pay the amounts they deduct over to HMRC, and they [...]