What Are the Chances of Being Investigated by HMRC?

September 27, 2024 No Comments

HMRC has a large number of tax returns to deal with, and investigating each one would be near impossible (and time-consuming). However, there is still

What is Limited Liability?

September 18, 2024 No Comments

What is limited liability? Limited liability is a type of legal protection for both shareholders and owners which helps prevent individuals from being held responsible

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What is a VAT Cash Accounting Scheme?

September 13, 2024 No Comments

The VAT Cash Accounting Scheme provides a way of reporting VAT based only on the funds you receive against the actual payments you make. The

What Is A Company Tax Return?

September 5, 2024 No Comments

A Company Tax Return is a formal document submitted to HMRC. It outlines a company’s taxable profits and other relevant financial information, such as earnings,

How Do County Court Judgements Affect Limited Companies?

August 30, 2024 No Comments

Running a limited company requires hard work, and it can sometimes prove challenging. If you own a limited company, there’s a lot you should be

How Far Back Can HMRC Investigate?

August 23, 2024 No Comments

Regardless of your position, it can be daunting when you find out that HMRC wants to conduct a tax investigation. HMRC makes great efforts to

Do You Pay Corporation Tax on Dividends?

August 16, 2024 No Comments

If you’re in the business world, you’ll likely know about dividends. Essentially, dividends are a way of extracting money from your company – but how

The Tax Responsibilities of a Company Director

August 9, 2024 No Comments

Being a company director is a big responsibility, and failing to meet the responsibilities required can have negative consequences. Director duties go beyond overseeing the

What Are Management Accounts? Management Accounts Explained

July 26, 2024 No Comments

Understanding management accounts is important. If you want to measure your business’s financial health, whether it be by sales or profitability, management accounts are a

How To Become VAT Registered

July 19, 2024 No Comments

Whether we’re providing a product or service or buying into a product or service, VAT is something we’ll all be familiar with. However, many individuals