Cash Flow Strategies for Your Business
For the self-employed, this coming winter may put more pressure on you to manage your cash flow. From energy bills alone, this will make more businesses pay high bills to support their operations. At this critical time, efficient cash flow management can help you...
Making Tax Digital (MTD) for VAT
MTD (Making Tax Digital), mentioned many times in our previous articles, has been updated again recently. This will affect all businesses paying VAT. We recently received a letter from HMRC and delivered important information to our customers as soon as possible. From...
Import VAT for Small Business
We detailed HMRC’s move of customs declarations to the new customs IT platform in a previous article. At that time, the previous customs system (CHIEF) will be replaced. Click here to view the original text In this article, we will focus on providing small and...
Beware of ‘careless mistakes’
Penalties for careless mistakes in tax returns? Recently, some departments have calculated the 2021/22 year HMRC fines for taxpayers in tax returns. The 80% penalty for “careless mistakes” by taxpayers has nearly tripled by 40,000 from the previous year....
