Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area.
For small businesses navigating the Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) initiative, tax returns can be complex.
When making the decision to become a freelancer, you have two options. You can either set up as a sole trader or start a limited company.
The current economic climate is less than favourable for small and medium-sized enterprises (SMEs).
His Majesty the King’s speech, at the state opening of Parliament, is a significant event for businesses and financial professionals who rely on Government regulation to function effectively and within the law.
Starting a freelance career marks a significant transition from traditional employment but it’s a decision that many are nervous to make.
The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements.
There are many financial and legal benefits to being married or in a civil partnership, but one of the most overlooked reasons is the potential for tax relief. This is because, thanks to the Marriage Allowance, where one partner earns below the tax threshold, they can transfer a portion of their personal allowance to the
As a business grows, its accounting needs become more complex and time-consuming.