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What is a P11d Tax Form?

A P11D Tax form is a tax form used by employers in the United Kingdom to report benefits in kind provided to employees. Benefits in kind are non-cash payments or items that are provided to [...]

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HMRC’s New Penalty Regime for VAT

On 1 January 2023, HMRC introduced a new penalty regime for VAT. The new regime aims to simplify and strengthen the penalties for late submission and payment of VAT returns, as well as late [...]

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3 Life changing software tools your business needs

If you’re like me, you’re the sort of professional who gets great satisfaction from discovering something new that turns an everyday nuisance or overly complicated task into something far easier [...]

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Making tax digital for landlords

What is Making Tax Digital? The ambitious Making Tax Digital scheme was introduced by the government in 2019 as part of a bold vision to make the UK “one of the most digitally advanced tax [...]

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HMRC Payment Plans

Finding the cash to settle your taxes can sometimes be tricky. With all the will in the world, the VAT you’ve been collecting on behalf of HMRC for the last three months just isn’t sat in your [...]

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DIY Accounting

The rise of DIY Bookkeeping The last ten years have brought the development of accounting software that can make bookkeeping a job for a business owner to do, rather than hiring a bookkeeper to [...]

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7 Warning Signs That Your Small Business Needs Outsourced Accounting

Small businesses are the backbone of the UK economy, and as such, it’s crucial that they keep on top of their accounting. But unfortunately, many small businesses don’t realise they [...]

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What is the reverse charge for the building and construction industry?

From 1 March 2021, the domestic reverse charge must be used for most building and construction services supplies. This does not include building materials. Therefore, if your business only [...]

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What is CIS?

CIS stands for Construction Industry Scheme.  Under the scheme, contractors make deductions from their payments to subcontractors. They then pay the amounts they deduct over to HMRC, and they [...]

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How do I transfer shares in my company?

This is a task that we see carried out all the time – and rarely is it done properly with the correct planning and considerations. And usually, price conscious people will try to do it [...]