• How long should small businesses keep tax records for?

    In this concise guide, we explain which tax records small businesses (including the self employed and limited companies) should keep, and for how long – according to the prevailing HMRC rules.

  • what is ir35

    What is IR35? – Essential guide for limited company owners

    If you are thinking of working as a freelancer or a contractor via your own limited company, you need to very quickly get a basic understanding of the IR35 rules.

  • tax on businesses

    Small business taxation – what are the main taxes?

    Small businesses, and the individuals who run them, are subject to a wide array of taxes – from Corporation Tax to National Insurance. Here is an overview of the main UK business taxes you will…

  • Limited companies – what are dividend vouchers?

    If you run a limited company, you can distribute any profits you make via dividends to your shareholders. But how do you keep a record of your dividend distributions?

  • How to check if a VAT number is valid

    Checking if a VAT registration number is valid – the best way to do it

    If you are dealing with a new customer or supplier and want to check whether the VAT registration number (VRN) they have supplied is valid, there are two ways you can do so.

  • Self assessment – who needs to fill in a tax return, and when is it due?

    Most normal ’employees’ have tax deducted at source via the PAYE system and are unlikely to have to fill in a tax return unless they receive other income. When you start a business, you will…