Tag

HMRC

The HMRC archive.

News

Reprieve for self-employed having to report tax quarterly

Treasury bows to pressure and delays rolling out Making Tax Digital to self-employed sole traders to April 2024

Accounts & Tax

Taxman could claw back up to 10% of furlough cash

Small business owners unaware they have overclaimed could face having to repay 5-10% of furlough claims, warns top accounting firm

Accounts & Tax

Am I eligible for capital allowance?

Capital allowances are valuable reliefs that allow certain business expenditure to be offset against corporation tax. However, not all expenditure qualifies, says Toby Cotton

News

Make December 31 end of tax year, says small business

Poll shows 91% of small businesses want to move from April 6 to January 1 in line with other countries

News

Nearly 300,000 sole traders face increased tax bills

The government has proposed changing the date sole traders and other small businesses report profits, which means hundreds of thousands getting bigger bills next year. Find out how the proposed tax changes affect you

Accounts & Tax

HMRC to go easy on small business strangled with Covid debt

Kwasi Kwarteng, the business secretary, says HMRC will not press businesses to pay overdue tax immediately if they’re struggling with coronavirus-related debt

Accounts & Tax

Mileage allowance in the UK – what is it and how does it work?

You can claim back hours spent on the road for your small business, whether you’re an employee or self-employed. What are the rules around mileage allowance?

Accounts & Tax

5 most common tax mistakes when you’re self-employed

Getting on the wrong side of the taxman can be extremely unpleasant and costly. Simon Thomas offers 5 tips to help you stay out of trouble

Accounts & Tax

Super-deduction tax break – what is it and how does it work?

The super-deduction tax break means that you can claim 130 per cent of what you spend on equipment for your business against taxable profits

Accounts & Tax

Small business should get HMRC refund to cover Covid losses, say MPs

Influential Treasury select committee says small businesses should get tax rebate to help cover coronavirus trading losses

Accounts & Tax

How to boss payroll year-end during Covid-19

It’s hard to imagine a tougher year for business, with coronavirus and Brexit disrupting normal operations and making it hard for organisations to work cohesively

Accounts & Tax

SME borrowing problems as HMRC creditor status changes

HMRC’s status as a preferential creditor could lead to SME borrowing problems as they might face restricted lending. Chris Williams explains

Partner content

Can businesses save money on CBILS repayment costs by refinancing for a RLS loan?

Your business could save money on CBILS repayments by refinancing for an RLS loan – Funding Options tells us how

Partner content

What is professional indemnity insurance?

Professional indemnity insurance provides cover if somebody sues your business and they allege that your advice caused financial loss or damaged their brand. It’s not just for accountants and lawyers but for anyone offering a personal service, even web designers

Partner content

What is public liability insurance, and does it cover Covid-19 claims?

Public liability insurance can cover your small business if a third party has an accident or injury. But does public liability insurance cover claims made against your business arising from Covid-19?

Partner content

Business insurance everything you need to know

Every small business may need to be insured at some level. But which policies are must-haves, and which are optional? Edward Murray guides you through the maze