Tag

Tax Returns

News and guides on tax returns for UK small businesses.

News

HMRC to limit helpline in run-up to tax return deadline

HMRC has announced that it will be restricting access to its helpline at a critical time for many small business owners

Making Tax Digital

Basis Period Reform and Making Tax Digital: Everything you need to know 

Who will be affected by the basis period reform? How will the new system work? And what do you need to do to prepare? We explain all

Accounting

Sole traders pay most tax since records began

Self-employed paid £22bn in income tax in January – the biggest-ever figure since records began in 1999 and one-third higher since last year

News

Businesses say taxman taking ‘aggressive’ approach

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

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

Business management

Claiming back childcare costs

I am self employed. Can I claim my childcare cost of part of it and offset it as part of my expenses?

Making Tax Digital

All small businesses to go Making Tax Digital by 2024, Treasury suggests

Small businesses account for £13.4bn of the missing £31bn owed to HMRC each year by people and companies not paying enough tax

Tax

7 tax myths for small business owner/managers exploded

As we head into the new tax year, Stuart Clark of Russell & Russell sorts out fact from fiction, putting money in your pocket

News

Taxman gives self-employed more time to file your tax return

HMRC to waive penalties for self-employed who file 2019-20 tax return late due to Covid-19

Tax

Making a tax return ahead of the end January deadline

The deadline for making a tax return is fast approaching so those needing to do so must act now before 31 January

News

Michael Gove orders taxman to help small business if there’s no deal

Michael Gove, the cabinet minister in charge of no-deal planning, says HMRC has been told not to pressure SMEs when it comes to paying tax if it comes to no deal

Business Technology

Why you should upgrade your tech now rather than later

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

Should I buy a franchise or go solo?

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.

Partner content

16 ways to improve your business cash flow

Read here for 16 tried and tested tips and tricks to improve potential cash flow problems

Business management

How to create good cashflow habits

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