Jan 30, 2018 | Blog, HMRC, Self Assessment, Small Business, Tax
A move from fines to points system A move to a points system rather than fines from 2019 is being proposed. This is in an attempt to focus Treasury attention on serious tax avoidance offences. Rather than on punishing small taxpayers who’ve made mistakes. The present...
Jan 23, 2018 | Blog, HMRC, Self Assessment, Small Business, Tax
HMRC cease to accept payments via credit cards In a surprisingly timed announcement, HMRC said that they would cease to accept credit card payments for tax bills from 13 January 2018. Those who previously paid their self assessment by this means will now have to...
Dec 14, 2017 | Blog, Entrepreneurs, HMRC, Small Business, Tax
Entrepreneur’s Relief Since April 2008, Entrepreneur’s Relief (ER) has been one of the best kept secrets of British business life. Perhaps the way that successive governments have handled Entrepreneur’s Relief explains why this excellent scheme is not as well...
Jun 23, 2017 | Blog, FRS, HMRC, Small Business, Tax, VAT
Changes to Flat Rate VAT Scheme – just another headache for small business!! HMRC changed the Flat Rate VAT Scheme on 1st April 2017. The changes are already affecting small business owners and contractors who operate under the flat rate scheme (FRS). Many of those...
May 19, 2017 | Entrepreneurs, Professional Services, Tax
Any new business needs all the tax relief it can get. Which is why it is all the more surprising that for many SMEs, the government’s Research & Development Tax Credits aren’t being more widely utilised. What activities qualify for Research & Development...
May 4, 2017 | Business Sale, Business Strategy, Entrepreneurs, Heads of Terms, Professional Services, Tax
Someone told me never get into a business venture unless you know how you are going to get out of it! For most entrepreneurs defining their exit strategy early on, is a critical part of achieving business success. Strategies will differ, but for all there will come a...
