Filing deadlines: August – December 2021

3 years ago

2 August             Forms P46(Car) for quarter ended 5 July (where benefits not payrolled) to reach…

HMRC clarifies penalty scheme for deferred VAT

3 years ago

HMRC has confirmed that the penalty regime for non-payment of VAT due to the deferred VAT scheme introduced at the…

Why is making tax digital good for your business?

3 years ago

Making Tax Digital (MTD) is being introduced to allow the UK tax system to be as efficient, effective, and as…

Fifth SEISS grant opens for applications

3 years ago

HMRC has confirmed that applications for the fifth grant for Self Employment Income Support Scheme is now open for online…

Pension freedom age will rise to 57 for tax free withdrawals

3 years ago

The government has confirmed that it will proceed with plans to increase the normal minimum pension age (NMPA) from 55…

Limited businesses can apply for exemption to self-isolation

3 years ago

The government will allow important parts of critical industries to carry out daily testing instead of requiring staff to self-isolate…

SMEs feel confident but frustrated by lack of financial backing

3 years ago

SME owners are feeling more optimistic and are keen to invest in growth but are frustrated by the mix of…

Using Cash Basis to workout your income and expenses for your Self Assessment tax return

3 years ago

‘Cash basis’ is a way to work out your income and expenses for your Self Assessment tax return, if you’re a…

Grappling with SEISS 5 and the new turnover test

3 years ago

With the fifth in the series just days away, the Self-Employed Income Support Scheme (SEISS) seems intent on overtaking the…

The Seven Key Causes of Poor Cashflow

3 years ago

Accounts receivable process A poor accounts receivable process will result in debtor days (the time between billing and banking) being…