Amending a mistake on your tax return
What happens if you discover a mistake on your tax return? The good news is that errors can…
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Claiming the correct tax relief for work mileage
Employees who use their own vehicle for business journeys may receive Mileage Allowance Payments (MAPs) from their employer.…
Averaging profits if income fluctuates
Some self-employed individuals experience significant fluctuations in their profits from one year to the next. When this happens,…
Budget date announced
The new Chancellor of the Exchequer, John Healey has confirmed, in a video message, that the next UK…
Are you paying unnecessary tax on foreign income?
UK taxpayers with income from overseas may not always be aware of the tax rules that apply. Foreign…
Tax relief if replacing tools or equipment
If you pay for replacing or repairing small tools you need for your job, you may be able…
Records you should keep after submitting your tax return
After submitting your self-assessment return it is important to keep your records used to prepare the return. HMRC…
Making the most of the Employment Allowance
The Employment Allowance can help eligible employers reduce their National Insurance costs by up to £10,500 each tax…
Take care when painting non-compete clauses with a broad brush
Protecting hard-won local customer networks is a constant and necessary battle for commercial suppliers. However, a recent High…
Why uncertain times make business planning more important
Economic conditions remain uncertain and many business owners are understandably cautious about the months ahead. Although there are…
Is AI delivering real value for small businesses?
Artificial intelligence (AI) has dominated business headlines over the past year, with many suggesting it will transform the…
Payroll compliance – what is Full Payment Submission?
A Full Payment Submission (FPS) is a payroll report that employers must send to HMRC every time they…
