Accounts & Tax

Sole traders spend 9.5 million hours doing their tax returns

Sole traders are spending vast amounts of company time on slow and outdated tax return processes, a new study reveals.

Outlook

Why small businesses need to be diligent with digital tax returns

This is the second to last time paper tax returns can be filed as HMRC rolls out plans for businesses to submit online tax returns quarterly from April 2018.

Accounts & Tax

New penalties for incorrect tax returns

Penalties for incorrect tax returns and documents have changed so please check your records are accurate and up to date.

Opportunities

Software bug disrupts online tax returns

Hundreds of entrepreneurs have been prevented from completing their tax returns online due to a software bug on HM Revenue & Customs’ (HMRC) system.

Accounts & Tax

The tax return clinic

SmallBusiness.co.uk and Andy Hardy from TaxCalc.com demystify the tax returns process and offer top tips on how you can ensure that you don't get caught out by the taxman or pay unnecessary fines.