Tag

Tax

Articles, news and guides on tax issues for UK small businesses.

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

Accounting

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

Sole trader

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

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.

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

Small businesses embrace simplified tax registration service

Many small businesses are taking advantage of the streamlined registration service for tax and company status

Tax

Christmas entertaining could leave employers with a tax bill

It's a lovely gesture at this time of year to take the staff out for a celebratory lunch or drinks. However there could be tax implications so best check on what these are

Tax

Will you cry over the tax your nanny could cost?

The latest employment tax legislation can be unexpectedly complex when you take on a nanny, as Lesley Stalker explains here.

News

Pre-Autumn Statement: the longest tax freeze in history must be cut

The UK economy could benefit from a 3p cut in petrol fuel prices and a longer tax freeze from the Chancellor of the Exchequer.

Tax

Five major tax reforms needed to settle Brexit uncertainty

What the Chancellor of the Exchequer needs to provide in his Autumn Statement to help SMEs with tax reforms.

Tax

SMEs demand that more flexibility is needed in tax digitisation roll-out

Flexibility from HMRC is needed if small businesses are to cope with the tax digitisation changes.

Business Technology

Future-proof your business communications set-up

Landlines as we know them will be scrapped in 2027 – along with a raft of upcoming business changes. Here's how to ensure your communications set-up is fit for whatever the future brings

Business Loans

A guide to getting a small business loan

Everything you need to know on what small business loans are and what types of loan are available for your business.

Business Technology

Friendly guide – top tips for small businesses switching to VoIP

With the landline shutdown coming fast, there’s never been a better time to switch to VoIP. Don’t let your small business be left behind!

Export & Import

Avoid delays with exports and imports

Many factors can affect products’ journeys from A to B. Here are some tips for best practice for successful shipping in the modern world