• new salary sacrifice rules 2017

    Salary Sacrifice Schemes – what are the new rules from April 2017?

    Significant changes to UK salary sacrifice schemes have now been implemented. Affecting both employers and employees, these changes essentially remove the tax incentives of many of the benefits in kind (BiK) offered under salary sacrifice…

  • VAT registration – when should you register for VAT?

    Your business should register for VAT if your “taxable supplies” over the past 12 months has exceeded the VAT registration threshold.

  • Small business VAT pitfalls you should be aware of

    If you are registered for VAT, have to file a VAT return in the near future, or are concerned about putting the wrong amounts on your VAT return, here are 5 VAT traps to watch…

  • capital allowances

    Capital Allowances – a review of the schemes available for businesses

    When you buy certain new equipment, invest in buildings or research and development, you can deduct a proportion of the cost from your taxable profits and reduce your business tax bill, through Capital Allowances.

  • covid deferred tax

    21 costly VAT mistakes businesses make on their VAT Returns

    Is a Jaffa Cake a biscuit or a cake? Now if you think this is some playground joke, think again. This is a real question that judges were asked to consider in a landmark VAT…

  • Small business owners hit by tax increases in Budget 2017

    Millions of small business owners will see the amount of tax they pay go up following the Spring 2017 Budget. Chancellor Philip Hammond announced in his Budget speech, plans to increase the taxes paid by the…