Pros & cons of being VAT registered
Whilst being VAT registered is a legal responsibility a business can face, there are pros and cons of being VAT …
Tag: Tax
Do I Need To Notify HMRC Of Change Of Address?
By Oliver Davey
In short, yes, you need to notify HMRC if you change your business or personal address by updating your personal …
10 Ways to Reduce Your Corporation Tax
Corporation tax is a significant financial burden for limited companies and other organisations in the UK. Depending on the profits …
What Does It Mean To Be PAYE In The UK
By Joel Hurst
The term “PAYE” stands for “Pay As You Earn” and refers to the system that employers in the UK use …
Tax Free Dividend Allowance for Small Business Owners
By Oliver Davey
The UK tax-free dividend allowance lets eligible company owners extract portions of pre-tax business profits annually without added personal tax …
Does the tax system favour big businesses over the interests of SMEs?
Any decent business owner understands and respects their obligation to pay their fair share of tax. However, do bigger businesses get an easier time of it than their SME counterparts” A new survey from the British Chamber of Commerce suggests that SMEs do feel this way. So what can be done about it?
Making Tax Digital: Why it could transform your finance department for the better
By James Smith
Like it or not, tax processes are about to go completely digital. My view is that concerns surrounding this transition come from fear of the unknown rather than anything else. SMEs should embrace this digital transition, as it could revolutionise the way they tackle their finances and for the better. I break down the perks of taking tax digital.
A sustainability tax could be imposed on UK clothing retailers and producers
The conversation is building around issues of clothing production and consumption sustainability in the UK. As the buzz grows in Westminster, clothing producers and retailers must understand what these sustainability suggestions mean, as they may soon become policies. Prepare now to limit the impact they could have on your overheads.
Tax is going digital, here’s how to prepare for it
By Mandy Chubb
Attention all SMEs: Tax, like all other things in life, is going digital. Make sure you and your business remains compliant whilst these changes are being made. Here’s my advice for you.
Are your taxes in order? If not, you’ll struggle to sell the business
Getting your tax affairs in order is never more important than in the lead-up to selling your business, says Peter Ball, tax partner at Smith & Williamson.