All unincorporated businesses, including sole traders, the self-employed and trading partnerships, will be taxed on profits generated in the 12 months to 5 April (or 31 March) each year from
Continue reading
Under new rules set by the Government, the system of penalties for VAT and Income Tax Self-Assessment (ITSA) are changing. The new system of fines is aimed at tackling non-compliance
Continue reading
Small and medium-sized enterprises (SMEs) are the lifeblood of the country, accounting for 99.9 per cent of all businesses across the UK. At the start of 2021, there were estimated
Continue reading
The 2023-24 tax year may seem a long way off, but it is important that companies are prepared for changes to the system a little more than year down the
Continue reading
Whether it is down to the spread of the Coronavirus or just a general trend to a more cashless society, card payments have boomed in the last couple of years.
Continue reading
Taxpayers who are unable to pay their Self-Assessment (SA) bill can use the option of paying by instalments with a Time to Pay arrangement with HM Revenue & Customs (HMRC).
Continue reading
Temporary legislation permitting outdoor markets and marquees will be made permanent, the Government has confirmed. The announcement will be welcomed by high street firms and hospitality businesses that are facing
Continue reading
Following the impact on businesses in England of the current ‘Plan B’ covid measures and the impact of Omicron on trade in the hospitality sector in particular, the Government has
Continue reading
Are you looking to grow your business? There has never been a better time than now! Staffordshire County Council and all the district and borough councils across Staffordshire are providing
Continue reading
As of 17 December 2021, there has been a temporary shift to the self-certification period regarding Statutory Sick Pay (SSP). The change is another measure taken in response to the
Continue reading
Certain goods and services will become cheaper to import from around the world after 01 January 2022, it has been announced. It comes after the Government committed to remove VI-1
Continue reading
If you are planning on treating staff this Christmas, here’s a brief guide to the tax rules for the 2021/22 financial year. Do gifts count as taxable income? Christmas presents
Continue reading