Are you ready for your tax return?

Introduction For small business owners, tax season can be a stressful and daunting time of year. It makes sense that you’d rather not think about it, but as a bookkeeper, every year I see b [read more]

10 ways to improve business performance

Here are ten ways to make sure that you continue to drive through each business quarter with purpose, vision and the courage to super-charge your business.1. Eliminate distractions: Time is the scarce [read more]

What is Section 455 Tax?

If you have share capital or voting rights in a company, you can be classed as a ‘participator’. And where a participator (or an associate of a participator) owes money to a close company, the com [read more]

5 goal-setting tips for 2023

Whether you want to grow your business or take more time for yourself, these goal-setting tips can help you achieve your long-term plans.Think big! - What do you want from your life – and how can yo [read more]

HMRCs new penalty regime starts soon

HM Revenue & Customs (HMRC) is about to update and change its penalty regime – and these new penalties could affect your tax submissions as early as January 2023.HMRC’s new penalty regime aims [read more]

Are employee parties tax-free?

If the rules around social functions are followed, staff events like your end-of-year party, or your summer barbecue are tax-deductible for you, as the employer, and tax-free for your staff.This means [read more]

Back to Tax Basics: How does VAT work?

Value-added tax (VAT) is a consumption tax that’s levied on goods that have had value added at each stage of the supply chain.Most businesses with annual sales of £85,000 or more have to register f [read more]

What is the Recovery Loan Scheme?

It’s been a tough time financially for many UK businesses over the past year. So, as we gradually begin to ease out of the pandemic, there’s likely to be an increasing need for extra funding to ge [read more]

Four Tax Preparation Tips to Follow

If you want to avoid the stress of the tax period, follow these four simple steps to prepare your business in advance.Tax season is one of the most stressful periods of the year for a business owner. [read more]