How much has the April 2023 Corporation Tax rise cost you?
How does the post-April 2023 Corporation Tax (CT) regime work, and how much more tax small limited companies now pay as a result of the tax rise?
10 common self-assessment tax return mistakes and how to avoid them
If you're self-employed or a company director, you must file a yearly tax return. If you make errors, miss the deadline, or withhold any information, HMRC could penalise you. With…
10 essential tax tips for small business owners
Tax isn't the most exciting part of running your own business, but it is an issue that you will have to tackle at some point. To help you to quickly…
10 Value Added Tax (VAT) tips for small business owners
Here are 10 tips to help you keep on top of your VAT responsibilities as a small business owner. From choosing the right VAT scheme in the first place, to filing your quarterly returns on time.
How to check if a UK or EU VAT registration number is valid
If you have a new UK or EU customer or supplier, you should check the VAT registration number (VRN) they have supplied is valid. Here are three ways you can do so.
What business expenses can you claim as a sole trader?
As a sole trader, you can deduct many business costs from your income and pay less tax. But what counts as a legitimate business expense? And how do you claim?
An overview of expenses if you run a small business
Separating “allowable” and “non-allowable” expenses is complex for small business owners. This guide provides an overview of business expenses and links to further resources that provide more in-depth information. Allowable…
Stamp Duty – how and when to pay it – a small business guide
This guide looks at the types of Stamp Duty your business may be liable for: Stamp Duty Land Tax on property transactions, Stamp Duty Reserve Tax and Stamp Duty on…
How long should small businesses keep tax records for?
This concise guide explains which tax records small businesses (including self-employed and limited companies) should keep and for how long.
How are business rates calculated for small firms?
Just as you have to pay council tax on your home, your business must cough up business rates for its premises. They can be a pain and an easily overlooked…