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.
As a business grows, its accounting needs become more complex and time-consuming.
We are now only 100 days away from the Self-Assessment tax deadline on 31 January 2024.
The term “double-entry bookkeeping” is often mentioned as a cornerstone for managing a business’s finances.