Making Tax Difficult…sorry Digital

Making Tax Digital is edging closer to Making Tax Difficult (as one of our clients named it!) — at least for now. Yes, it’s boiling hot outside, and the compliance landscape feels just as warm. Our VAT‑registered sole trader clients are now navigating nine separate...

Simplified motor expenses

Simplified tax deductions were announced in the budget for accounting periods ending after 5 April 2013 in relation to profits taxable in 2013/14 for unincorporated businesses meaning self employed individuals and partnerships. However you should think carefully...

VAT record keeping

What records to keep? For any business it is vital to keep evidence to support all transactions for tax purposes. Records will needed by the bookkeeper, business owner to refer back to and also HMRC. However for VAT purposes HMRC are not always looking for a full VAT...

New Business Advice

Get your free advice It is common for someone to set up a business either as a sole trader or limited company without any professional advice in advance. This often means that when they approach an accountant after the end of their year end there are a lot of issues...