No VAT payable if paying by cash!
How often have you heard this? How often have you seen someone actually put this on their invoices!!! You may […]
HMRC
Cash basis or accruals basis?
From April 2024, cash basis accounting, where income or costs are recorded at the date the money is either received
HMRC Anti-avoidance campaigns
HMRC is keen to close the “tax gap”, and one of their “tactics” is direct letters to individuals they suspect
Paying your tax…
What happens if you don’t pay your taxes when they become due? It is crucial to contact HMRC as soon
The 2024 Election
Now the dust has settled on the election and the new Chancellor, Rachel Reeves, starts to find her feet –
Are training costs tax deductible for the self-employed?
HM Revenue & Customs have recently updated and clarified their guidance on training costs paid by the self-employed (March 2024).
HMRC service issues
HMRC continues to come under fire for its service levels, and recent surveys rated this as poor, with 94% somewhat
HMRC Scams – beware?
Once again there are reports of “phishing” emails apparently from HMRC. They are getting increasingly sophisticated and are looking more
The Autumn Statement and the effect on small businesses
The government has announced a cut to the main rate of Class 1 employee NICs from 12% to 10% from
Out of pocket expenses – are you (or your staff) STILL using a spreadsheet?
Expenses can provide an admin headache on both sides of the coin! First, for the person who incurs the expenses