by Gary Woosey | Jan 9, 2024 | Blog, SME, VAT
Businesses must remain compliant with the requirements for reporting and paying VAT, especially with the regular quarterly for VAT under Making Tax Digital. HMRC’s efforts to maximise tax revenues have intensified, with over 3,000 staff added to its customer...
by Gary Woosey | Jan 2, 2024 | Blog, SME
Now that we have entered 2024, our accounting team has been making their predictions and discussing how best to advise our clients on preparing for upcoming challenges. Before we make predictions on SME prospects for 2024, however, let’s look back on last year to...
by Gary Woosey | Dec 19, 2023 | Blog, SME, Tax
Hybrid vehicles are becoming an increasingly attractive option for businesses. With changes in company car tax bands and the environmental benefits they offer, hybrids are a step towards sustainability and a smart financial decision. Understanding company car tax ...
by Gary Woosey | Dec 12, 2023 | Blog, Finance, Hospitality, VAT
HM Revenue & Customs (HMRC) has recently issued letters to restaurant and takeaway businesses across the country, emphasising the importance of correctly applying VAT on hot food. This move comes amidst potential confusion amongst business owners regarding the...
by Gary Woosey | Dec 5, 2023 | Blog, Finance, SME
Accounting standards that impact businesses’ financial reporting are prone to the odd reshuffle every now and then, so it is important for business owners to stay informed. One such standard is International Accounting Standard 32 (IAS 32), which plays a key role in...
by Gary Woosey | Nov 28, 2023 | Blog, SME, Tax
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area. With this in mind, compliance has never been more important....
