LATEST NEWS

Who needs to register for anti-money laundering supervision
If your business operates in a sector covered by the Money Laundering Regulations, you must be monitored by a supervisory
Don’t rush to judgement over pending tribunal claims
Mr. Aslam, a former Metroline employee, applied to another bus company on 13 April 2019, disclosing that he suffered from
Why you should maintain a tax reserve
Every business has a duty to pay tax, whether that is Corporation Tax, VAT, PAYE, or personal tax liabilities for
Understanding working capital and why it matters
Working capital is a simple but powerful measure of a business’s financial health. It is the difference between current assets
Budget date announced
The Chancellor of the Exchequer, Rachel Reeves has confirmed, in a video message, that the next UK Budget will take
16 years old – the minimum age for a company director
Thinking of starting a company at 16? Know the rules, risks and responsibilities before you take the leap. The Companies
What is the settlement legislation?
Thinking of gifting income to a spouse or partner? HMRC’s settlements rules may still tax it as your own. The
How do HMRC define “wholly and exclusively” for tax purposes
Not sure if a business cost is deductible? HMRC’s ‘wholly and exclusively’ rule is the key test. When deciding whether
Using your own car for work purposes
Using your own car or bike for work travel? You may be able to claim tax relief for business mileage.
When you cannot charge VAT
Not all goods and services carry a 20% VAT, knowing the right rate can save costly mistakes. When a VAT-registered
How to pay corporation tax online
Paying Corporation Tax? Always use the correct reference or risk delays and penalties. To pay Corporation Tax via online or
What insurance cover should a company consider?
Running a small business comes with plenty to juggle, and while insurance might not be the most thrilling task, it