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Puzzling over whether that quick lunch or client dinner can be claimed on your tax return? If so, you´re not alone. This is something that a lot of business owners struggle with. Why? Because the rules around food and drink expenses are anything but straightforward.  While it can be complicated, it is still essential to

As the year’s end approaches, it’s crunch time for business owners to reassess and strategise. This essential checklist guides you through vital areas, from finances to future planning, ensuring your business begins the New Year in the best position possible. 1. Assess your finances As the year comes to a close, all businesses need to

Small companies will have to file a profit and loss account with Companies House following the passing of the Economic Crime and Corporate Transparency Act last week. Tighter rules for small companies were approved last week. This means that small companies and micro-entities will have to file a profit and loss account and directors report

Many businesses dread getting that brown envelope with “HMRC” written on it. It seems to immediately evoke a sense of apprehension before it´s even opened! However, while it can be nerve-wracking, there’s no need to panic. Not if you´ve done everything you can to avoid a tax investigation anyway. Understanding the ins and outs of

Every tax season, business owners grapple with the complexities of filing their taxes. The process can be daunting, but with proactive planning and the right strategies, it’s possible to streamline the experience, maximise savings, and reduce stress. In this article, we’ll explore practical advice and actionable strategies that will empower you to transform your tax

There are 100 days to go until the deadline to file your 2023 self-assessment tax return. Don’t wait until the last minute to file your return! There are plenty of reasons to get it done and dusted well in advance including: If you need any assistance with your tax return please get in touch sooner