by Gary Woosey | May 9, 2023 | Tax
HM Revenue & Customs (HMRC) has removed the default surcharge for late payments of VAT and replaced it with what is a new penalty charge. The way interest is charged has also been amended. Previously, the default surcharge was two per cent of the VAT outstanding...
by Gary Woosey | May 3, 2023 | Welcome
The UK has long been a hub for budding entrepreneurs and startups, with innovative ideas and new businesses emerging every day. The Government recognises the importance of supporting these early-stage businesses to stimulate economic growth and job creation. One such...
by Gary Woosey | Apr 25, 2023 | Tax
Do not be stung when rewarding employees. Avoid penalties on employee benefits by correctly submitting P11D forms. ‘Benefits in kind’ are great perks for employees and a great way for employers to show their appreciation for hard work and valuable contributions. But...
by Gary Woosey | Apr 18, 2023 | Tax
As a small business owner, you will be in charge of many things and must juggle many responsibilities. From managing employees to targeting new customers, there are countless tasks that require your attention. One aspect of running a successful business that cannot be...
by Gary Woosey | Apr 11, 2023 | Tax
If you run a business in a tourist hotspot, you need to get prepared for the summer. As the days get warmer, your business is likely to see a surge in demand. But what can you do to get ready? Recognise the trends The first step in managing seasonal changes is...
