Category: Business Tax

8 August 2023

Should Small Businesses Still use the VAT Flat Rate Scheme?

The VAT Flat Rate scheme was introduced in 2002 to simplify VAT reporting for small traders, reducing the time taken to calculate VAT and prepare returns compared to normal VAT accounting.

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5 July 2023

Research & Development Tax Relief – exploring your field while protecting your purse

Did you know that if your business has a research and development arm, you can potentially benefit from very generous tax relief?

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19 June 2023

The end of super-deduction – what it means for your business

Super-deduction for capital investments has now come to an end as of March this year, but it doesn’t mean you can’t reap the benefits of this generous tax relief, especially if your year end doesn’t fall neatly in April…

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18 April 2023

Making Tax Digital and basis periods

Over the past few years, you will no doubt have heard of Making Tax Digital (MTD) being talked about on the news, particularly at budget time. If your business is VAT registered, then you will undoubtedly be familiar with the term.

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8 March 2023

How will changes to Corporation Tax from April 2023 affect my business?

Any business, large or small, has to pay Corporation Tax. From 1st April 2023 there are some changes which are going to make a difference to what a business has to pay. So, if you run a small business, how will the changes impact you?

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12 December 2022

Is a staff Christmas party a business expense? Is it tax deductible?

Providing an annual party for your employees is a great way to thank them for their hard work and Christmas is the most popular time for companies to show their appreciation. The good news is that the parties are exempt from tax and National Insurance, based on three main stipulations…

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