Understanding Capital Allowances, Annual Investment Allowances, and Full Expensing in the UK
In the UK business landscape, effective corporate tax planning is key to optimising profits and driving growth. A crucial aspect of this…
Understanding Cash Basis Accounting: A Simple Guide
Cash basis accounting is a fundamental accounting method used by small businesses to track their finances and manage cash flow. It recognises…
Autumn Statement 2023: Implications for Small Businesses in the UK
The Autumn Statement 2023, announced by Chancellor Jeremy Hunt, includes initiatives focused on growing the British economy, especially supporting small businesses. Key…
HMRC Changes Late VAT Returns Assessment Process
The HMRC has recently implemented changes to the assessment process for late VAT returns, affecting how taxpayers are evaluated and penalised for filing returns after the deadline. Key Takeaways: The…
Business Growth Strategies for Small Businesses
When it comes to looking for small business growth strategies, statistics show that almost 20% have failed to thrive in their first…
Spring Budget 2023: Key Takeaways for Small Businesses and the Self-Employed
Chancellor Jeremy Hunt unveiled the government's Spring Budget, outlining various plans affecting small businesses, from tax changes to energy bill support. This…