Having been working with e-commerce businesses for a number of years now we have come across many stories of accounting and tax disasters (some of which had a happy outcome, but you will probably guess that they are in the minority). Accounting in an e-commerce...
R&D Tax Relief is Changing From 1 April 2023, new rules for R&D Tax Relief claims will require businesses to submit a pre-notification of their claim to HMRC. This applies to new claimants or any business in the United Kingdom that has not claimed any R&D...
In this article, we walk you through everything that you need to know about making sure you pay your self assessment tax bill in full and on time. Discover how to pay Self Assessment tax for your business in the UK. We also highlight some common pitfalls and issues to...
A new penalty system will take effect for VAT periods beginning on or after 1 January 2023. The aim is to penalise persistent offenders rather than those who make the occasional mistake or late return. The systems for late submissions will actually be different from...
A Tax Efficient and Flexible Incentive to Attract and Retain the Best Employees Enterprise Management Incentive (“EMI”) schemes offer tax advantages to employees of smaller companies with growth potential that qualify and can therefore help to attract and...
The corporation tax rate will change from 19% to 25% from 1 April 2023 for many companies. Small companies with taxable profits of under £50,000 are unaffected and their rate of tax will remain at 19%. The full 25% only applies if profits exceed £250,000 and there is...
