Cash Basis vs Accrual Accounting: Which Should Your UK Business Use?
Should Your Business Use the Cash Basis for Tax? For many UK unincorporated businesses, the cash basis is now the…
Practical guidance from Makesworth’s chartered accountants to help you make informed financial decisions.
Should Your Business Use the Cash Basis for Tax? For many UK unincorporated businesses, the cash basis is now the…
The Decline of Paper Receipts It has become increasingly common for shops and restaurants to ask customers, “Do you want…
Introduction Property companies are often seen as a tax-efficient structure for landlords. While upcoming property tax increases will not affect…
Overview of the Upcoming Changes Unincorporated landlords currently pay income tax on the profits generated from their rental properties at…
Errors in VAT returns can happen, but it’s important to correct them properly and on time. HMRC has updated the…
Many businesses organise a social gathering for employees during the festive season. This could be a traditional Christmas party or…
Understanding the Hidden 60% Tax Rate On the surface, the UK income tax system appears simple, with three main tax…
Turning Festive Fun into Extra Income As Christmas approaches, many people look to earn extra money through seasonal activities. From…
Struggling to Pay Your Tax Bill? Here Are Your Options If you find yourself unable to pay your tax bill…
Tax Relief for Unpaid Rent With the current economic pressures, many tenants are finding it difficult to keep up with…
Understanding the Issue Damage to rental properties caused by tenants—or even their pets—is unfortunately common. In many cases, landlords end…
Introduction to the Renters’ Rights Act 2025 The Renters’ Rights Act 2025 became law on 27 October 2025 after receiving…
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