Simple assessments – What are they?
In the last few months, some taxpayers who possibly have had no dealings with HMRC previously have been receiving letters headed ‘Simple Assessments’. The letters …
When an incomplete VAT invoice is issued
VAT-registered businesses can generally reclaim VAT invoice on goods and services purchased for business purposes. However, for a claim to succeed HMRC requires valid evidence …
Registering late for self-employment – The tax implications
Having made the big decision to start a self-employment business, there will be countless decisions and administrative tasks to attend to. Informing HMRC of the …
Associated companies
Over time, companies or associated companies may accumulate substantial cash reserves. Whilst funds are commonly extracted through salary, dividends or pension contributions, another possibility is …
Alphabet shares – A way to reduce tax
When a company pays a dividend, all shareholders holding the same class of shares must receive dividends in proportion to their shareholdings. To pay dividends …
Alternative dispute resolution
The first indication a taxpayer may receive that they are the subject of a tax enquiry or investigation is a letter from HMRC, often headed …
The Real Cost of Artificial Intelligence for UK Businesses
Why AI Companies Burn Cash Faster Than Expected And How Smart Finance Planning Prevents It cost of Artificial Intelligence is often sold as the future …
Director loans: When borrowing from your company can be expensiveÂ
Convention has it that in times of high interest rates, director loans borrowing from your company is invariably more tax efficient than borrowing from other …
VAT traps for small businesses: Common compliance mistakes
While the rules regarding VAT compliance may appear straightforward at first glance, there are several common pitfalls that can lead to problems which, if not …
Working from home – The new/old tax rules
For many years, employees required working from home could claim tax relief for additional household expenses incurred personally, even where not reimbursed by their employer. …
From Chaos to Control: Fixing Finance in UK Owner-Managed Businesses
Running an owner-managed business can feel like spinning plates. You are leading sales, dealing with customers, managing staff, approving payments, handling suppliers, solving problems, and …
Marginal Relief Calculator UK 2026: Formula, Examples and How to Reduce Corporation Tax
Marginal Relief Calculator Is One of the Most Important Searches for UK Companies Many UK limited companies are now paying more attention to Corporation Tax …
