07 Nov Entertaining and Gifts
Do you entertain staff and clients?...
Do you entertain staff and clients?...
What is MTD for VAT?Making tax digital (MTD) for VAT requires VAT registered businesses to keep records digitally and file their VAT returns using compatible software.Compatible software must be capable of:recording and preserving digital records; andcommunicating digitally with HMRC through their API platform.The software can...
I'm now registered for VAT...
Why should I file my tax return early? The deadline for filing your self assessment tax return is 31st January each year, however it can be done any time after 6th April. The deadline for payment is also 31st January. More than 77,500 tax payers submitted their...
Do I need a business bank account? A question I regularly get asked from business owners when they are first starting out is "do I need to open a business bank account?" This will depend on the type of business you own and its structure. What is...
What is a trivial benefit? Who can receive them and do they need to be reported? What is a trivial benefit? A trivial benefit is a tax-free employee benefit which could be described as a small gift or perk. There are pretty strict tax rules from HMRC about...
Your Self-assessment bill includes a payment on account?...
Setting up a business whether a sole trader, partnership or limited company, comes with a lot of questions. ‘What do I need to submit?’ ‘When is it due?’ and ‘what do I include?’ will probably be on your list. The one at the very top...