Category: Business Advice

Increasing company transparency

At present small companies have to file a balance sheet each year but adding a profit and loss account and directors’ report is optional. Most choose not to do so.

Improving employee happiness

High inflation has led to a cost-of-living crisis and strike action by groups of employees demanding pay rises in line with inflation.

New points-based penalties for late VAT returns

A new points-based penalty applies to late VAT returns for VAT periods beginning on or after 1 January 2023. The first monthly return to be affected was the one due by 7 March, with the first affected quarterly return due […]

Pay attention to tax codes

The easiest way a person can check and correct a tax code is by logging onto their personal tax account using their Government Gateway user ID and password.

Tax rules changing 1 April for Associated companies

Tax rules changing 1 April for Associated companies

Small company owners should by now be aware of the corporation tax changes taking effect from 1 April 2023, but with the associated company rules being introduced at the same time, don’t be caught off guard. From 1 April 2023, […]

Autumn Statement – 17 November 2022

Autumn Statement – 17 November 2022

The Chancellor Jeremy Hunt’s Autumn Statement came against the background of a Spring Statement and a September ‘mini-Budget’ (which has now been substantially reversed). The overall context is a European recession and high inflation in the wake of the pandemic […]

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