Be aware of VAT bad debt relief
Despite the improving economy, bad debts are still a fact of life for many businesses. HMRC is aware that not…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Despite the improving economy, bad debts are still a fact of life for many businesses. HMRC is aware that not…
Class 2 National Insurance contributions are flat-rate contributions for 2023/24 and earlier tax years are payable by the self-employed where…
There are three ways in which former students with student or post-graduate loans can make loan repayments: from deduction from…
Landlords with furnished holiday lettings (FHLs) are living in uncertain times. At the 2024 Spring Budget, it was announced that…
The VAT flat rate scheme is simple for smaller VAT-registered businesses. Rather than pay the difference between the VAT charged…
For many businesses, initial setup costs are low for just an internet connection, smartphone, and laptop. Invariably, funding for expansion…
Expenses will be incurred in running a property business. To ensure that tax is not paid unnecessarily, all allowable expenses…
Earlier this year, HMRC wrote to wealthy taxpayers who had not submitted tax returns for 2020/21 and 2021/22. A letter…
Many employees are required to wear a uniform or particular type of clothing whilst at work. Even where there is…
As a landlord, you will periodically need to undertake work on your property. This may simply involve fixing a leaky…
Children may have an income. This may be in the form of savings income on accounts that they hold or,…
Although suppliers such as mobile phone providers are VAT registered, a careful look at the invoices issued to customers shows…
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