Advice and Ideas for UK Small Businesses and SMEs
Articles and news on HMRC regulation and legal matters as regards UK small businesses’ tax, payments, and customs affairs.
Sole trader
Changes in the way the self-employed must report tax mean sole traders could face having to pay an additional £3,000 in tax. Becoming a limited company could reduce your tax bill, says Marcin Durlak
Making Tax Digital
Is your business ready for Making Tax Digital for VAT? From 1 April 2022, all VAT-registered businesses must comply
News
Late filing and late payment penalties to be waived for one month for self-assessment taxpayers
Accounting
If you’re the director of a business that does not employ anybody do you need to register for PAYE? The answer is not always straightforward, says Jacqui Reeves, senior payroll manager at accountants Hillier Hopkins
Accounting
You’ve just taken on your first member of staff, which means you must run payroll? What is payroll and how do you notify HMRC?
News
Company directors say HMRC twisting arms to pay overdue tax, combined with landlords wanting rent owed and worry over Bounce Back Loan repayments all add to pressure
News
Treasury bows to pressure and delays rolling out Making Tax Digital to self-employed sole traders to April 2024
Tax
Small business owners unaware they have overclaimed could face having to repay 5-10% of furlough claims, warns top accounting firm
Accounting
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
Poll shows 91% of small businesses want to move from April 6 to January 1 in line with other countries
News
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
Accounting
Kwasi Kwarteng, the business secretary, says HMRC will not press businesses to pay overdue tax immediately if they’re struggling with coronavirus-related debt
Business Loans
Everything you need to know on what small business loans are and what types of loan are available for your business.
Business Technology
To run an optimal business, you must have optimal tech. We explain why you must upgrade your business technology on a regular basis
Investing in a franchise
Starting a new business is an exciting venture. But – especially in well-established industry sectors – a key question is whether it would be better to buy a franchise or go solo.